Several errors have been reported on the Ulysses S. Grant dollar coins, potentially increasing their value.
Here are some types of errors and their potential value:
- Missing Edge Lettering: This was a significant error in the Presidential dollar series, where coins were accidentally released without the required edge lettering, which included the date, mint mark, and mottos like “IN GOD WE TRUST” (until 2009) and “E PLURIBUS UNUM”. While not as prominent on later coins like the Ulysses S. Grant, some missing edge lettering errors can still be found and have value. Examples can be found with values from $25 to several hundred dollars, depending on the coin’s condition and the completeness of the missing lettering.
- Doubled Edge Lettering: This error occurs when the coin goes through the edge lettering machine twice, resulting in two sets of lettering. These errors can be either Overlapped (lettering in the same direction) or Inverted (lettering in opposite directions).
- Torch Flames Error: Some Ulysses S. Grant dollar coins minted in 2011 at the Denver Mint have been found with a small cut in the middle flame of Lady Liberty’s torch. These coins, sometimes called “Flames Error,” are sought after by collectors, and examples have been listed for purchase at approximately $900, or even up to $1780.
- Other Errors: General coin errors like double strikes, off-center strikes, planchet errors, or die errors can also increase the value of a Ulysses S. Grant dollar coin.
Important Considerations:
- Rarity and Condition: The value of an error coin depends significantly on its rarity and condition. Rare, well-preserved coins will fetch higher prices.
- Professional Appraisal: If you suspect you have an error coin, especially a rare one, it’s always best to consult with a professional coin dealer or appraiser to determine its value and authenticity.
- Beware of Fakes: Due to the potential value of some error coins, be aware of counterfeits and always verify the authenticity of any coin you’re considering purchasing or selling.
While a standard Ulysses S. Grant dollar coin is likely worth its face value, error coins can be a valuable find for collectors, potentially selling for hundreds or even thousands of dollars depending on the specific error and its condition.
What is the rare error on the $1 coin?
The rare 1984 $1 coin was struck on a 10-cent blank in error, instead of a $1 blank, meaning the coin is silver rather than gold. One of the coins went to auction with a price guide of between $2,000 and $3,000 this week, sold by auctioneers Roxbury’s Auction House.