The value of a 2008 P James Monroe dollar coin depends largely on its condition and whether it has any errors.
- A circulated 2008 P James Monroe dollar coin is generally only worth its face value of $1.
- An uncirculated 2008 P James Monroe dollar, particularly one graded highly (like MS65 or higher), can be worth more, potentially ranging from a few dollars to upwards of $75 or more depending on the specific grading and market demand.
- Coins with errors can significantly increase their value. Some known errors for the 2008 P James Monroe dollar include:
– Missing edge lettering: These coins are missing the mottoes “In God We Trust” and “E Pluribus Unum”, the date, and the mint mark, which are usually inscribed on the edge of the coin. These can be worth between $50 and $300 or more, especially in excellent condition.
– Position A or Position B edge lettering: This refers to the orientation of the edge lettering in relation to the portrait of the president. These are not strictly errors, but rather variations in production, and can affect the value slightly.
– Other errors like die cracks or improperly annealed planchets (defective metal blanks) can also increase the value, potentially by hundreds of dollars.
Note: Online marketplaces like eBay are common platforms where these coins are bought and sold, with prices varying based on the seller and the condition of the coin. To get the most accurate valuation for a specific coin, particularly if you suspect an error, it is best to consult with a reputable coin dealer or have the coin professionally graded by a service like PCGS or NGC.
What is the Monroe dollar error in 2008?
Position A: The coin’s edge lettering reads upside-down when the President’s portrait faces up.
Is the James Monroe dollar coin rare?
Good point! This Presidential Gold JAMES MONROE 1$ Coin is a rare find for collectors. The coin is from the United States and was minted in 2007. It features the portrait of President James Monroe and has a denomination of $1.