Released on January 22, 1993, this coin was authorized in commemoration of the first ten amendments of the Constitution of the United States, known as the Bill of Rights, and the role that James Madison played in supporting their adoption.
Surcharges were authorized for the James Madison Memoried Fellowship Trust Fund established in 1986 by the James Madison Memorial Fellowship Act (20 U.S.C. 4501 et seq.). Such transmitted amounts shall qualify under section 811(a)(2) of that Act as funds contributed from private sources. In accordance with the purposes of the James Madison Fellowship Program, the funds transmitted to the Trust Fund shall be used to encourage teaching and graduate study of the Constitution of the United States, its roots, its formation, its principles, and its development.
The obverse design of the coin features Madison studying the Bill of Rights, with James Madison inscribed below and thirteen stars edge the right hand border.
The reverse of the coin features a Madison quote accented by an eagle, the torch of freedom and a laurel branch.