The value of a James Buchanan dollar coin (a Presidential Dollar issued in 2010) depends on several factors, including its condition, mint mark, and whether it has any errors.
- Circulated Condition: In circulated condition (normal wear and tear), a James Buchanan dollar coin is typically worth its face value of $1.00.
- Uncirculated Condition: In uncirculated condition, meaning it hasn’t been used in transactions, the value can be slightly higher. Uncirculated coins with an MS 65 grade can be worth around $2.20 to $3.50 depending on the mint mark (P, D, or S). For example, a 2010 P James Buchanan dollar coin in uncirculated condition with an MS 65 grade is worth around $2.20.
- Missing Edge Lettering: This is the most significant error on James Buchanan dollar coins, where the date, mintmark, and “E Pluribus Unum” are absent from the edge. Even lower-grade examples of this error can fetch hundreds of dollars, while higher-grade uncirculated examples have sold for over $1000.
- Extra Edge Lettering: Another notable error involves extra edge lettering, where the inscriptions around the edge appear doubled. Such coins can sell for $40-$80 in decent condition, with high-grade examples potentially exceeding $300.
- Other Errors: Other errors like die breaks and cuds can also add value, although these errors require careful inspection by a professional.
- Coin Dealers: Local coin dealers are a good resource for appraising the value of your James Buchanan dollar coin, especially if you suspect it might have an error.
- Online Resources: Websites like Numista provide detailed information and estimated values for various coin conditions and mint marks. Online appraisal services are also available for coins with potential errors, [according to JustAnswer].
In conclusion, if you have a James Buchanan dollar coin, it’s generally worth face value unless it’s in uncirculated condition or has a significant error. Errors like missing or extra edge lettering can considerably increase its value, potentially making it worth hundreds or even thousands of dollars. If you believe your coin might be valuable due to its condition or potential errors, seeking an appraisal from a reputable source is recommended.
How much is a $1 James Buchanan coin worth?
Even lower grade examples of this dollar missing the edge lettering can command several hundred dollars if authenticated and the higher grade uncirculated examples have sold for more than $1000.
Where is the mint mark on the James Buchanan dollar coin?
Presidential Dollar; mint mark location is on the edge.
Are president $1 coins worth anything?
Thanks for asking. The most expensive Presidential Dollar coin is the 2009 SMS William Henry Harrison with missing edge lettering, graded 69/70, which can sell for up to $2,450. The least expensive among the top valuable coins is the 2007 SMS Jefferson dollar with missing edge lettering, graded 67, valued at $600.
Why is the 1984 $1 coin rare?
Great question! 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.