James Madison was the 4th President of the United States. Therefore, the James Madison Dollar was also the 4th design issued in the Presidential Dollar Coin Program.
Obverse: A portrait of James Madison is featured on the coin along with the inscriptions, James Madison which are located right above his own portrait. Arched below Madison, are the inscriptions, 13th President, 1850-1853 or the years in which he served as President of the United States.
Reverse: The reverse of the coin features the Statue of Liberty along with a $1 symbol under Liberty’s right arm, with the $1 symbol, indicating the legal tender value of the coin. The words, United States of America, are also encircled around the coin.
Edge: The edge inscriptions will read 2007-P which refer to the date in which the coins were officially released into circulation, along with the P mint mark, representing the Mint in which the coins were produced. Circulation strike coins go through a Schuler edge lettering machine which applies inscriptions on the coins edge.
Position B: The coin's edge lettering reads normally when the President's portrait faces up.
Release Date: The James Madison circulation strike Presidential Dollars were officially released on November 15, 2007.
Public Law: James Madison Dollars were struck under the Presidential Dollar Coin Program Act, which was authorized under Public Law 109-145.