The heads of George Washington and the marquis de Lafayette appear on this issue, which was the first commemorative coin of one-dollar denomination, and the first authorized United States coin to bear a portrait of a U.S. president. The dies were prepared by Charles E. Barber. The statue on the reverse is similar to the monument of General Lafayette that was erected in Paris as a gift of the American people. The coins were sold by the Lafayette Memorial Commission for $2 each.

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