The value of a James Monroe dollar coin, minted as part of the Presidential Dollar Coin Program, can vary depending on several factors:
- Circulation Strike (P, D, S mint marks): These coins were released into circulation and have a face value of $1. While they may not hold significant value as investments, their collectibility can vary.
- Error Coins: Some James Monroe dollar coins were minted with errors, such as those with edge lettering errors. These errors can increase the coin’s value, with some reaching values up to $141,000 according to a recent Yahoo Finance article. Examples of edge errors include:
– Doubled Edge Lettering Overlap: Where the edge lettering is doubled and overlaps.
– Doubled Edge Lettering Inverted: Where the edge lettering is doubled and inverted.
- Proof Coins: Proof coins are specially minted for collectors and may have higher values than circulation strike coins due to their quality and rarity. For example, a 2008 S Presidential Dollar James Monroe Gem Dcam Proof coin is available for $3.37 on eBay.
In summary, while most James Monroe dollar coins are worth around their face value, those with errors or proof strikes can be more valuable. Several factors determine the worth of any dollar coin, including its historical significance, mintage, precious metal content, whether there’s an error, and its overall condition. Therefore, checking the coin for any errors or having it appraised by a coin expert is recommended to determine its specific value.
Is the James Monroe dollar coin rare?
This Presidential Gold JAMES MONROE 1$ 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.
Are president $1 coins worth anything?
As a way of honoring more presidents, the U.S. Mint began issuing Presidential Dollar coins in the 2000s. Most are worth about face value, but a couple are valued in six figures due to errors.