The James Madison Presidential dollar coin, minted in 2007, is generally worth its face value of $1.
However, the value can increase significantly depending on factors like:
- Condition: Uncirculated coins in excellent condition can be worth more than those that have been in circulation.
- Mint Mark: Coins from different mints (e.g., Philadelphia “P”, Denver “D”, San Francisco “S”) can have different values, particularly in uncirculated or proof conditions.
- Errors and Varieties: Some James Madison Presidential dollar coins have known errors, such as doubled edge lettering or a missing clad layer, which can make them quite valuable to collectors. Examples of error coins currently listed for sale include a 2007 D James Madison coin with errors selling for $240 and a 2007 P mint error coin with a huge strike-thru for $1250.
- Grading: Coins graded by professional services like PCGS or NGC can fetch higher prices, especially if they receive a high grade.
In summary, while a circulated James Madison Presidential dollar coin is likely worth its face value, collectors may pay more for uncirculated coins, specific mint marks, or those with unique errors. Some rare examples have been known to be worth hundreds or even thousands of dollars.
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.
Are James Madison coins rare?
Good point! This James Madison Dollar Coin, minted between 1809 and 1817, is a valuable addition to any coin collection. The coin is made of gold and has not been circulated, making it a rare find for collectors. The denomination of the coin is $1, and it has not been graded or certified.