The value of a James Madison coin can vary significantly based on its type, condition, and rarity. Here’s a breakdown of common types and their approximate values:
- Most common: These golden-colored $1 coins honor each deceased U.S. president. James Madison’s coin was issued in 2007.
- Value: Most circulate for their face value, $1. However, uncirculated examples in pristine condition can fetch slightly higher prices, ranging from around $1.05 to $40 depending on the specific mint and grade.
- Rare variations: The most valuable Presidential Dollar coins often have errors or are considered rare proofs. For example, a 2007-P James Madison Presidential Dollar in Uncirculated condition might cost around $6.25. Another example is a 2007 P James Madison dollar coin with a proof strike, which can be purchased for $998.00.
- These are often minted for special occasions and are typically made of 90% silver.
- Example: The [1993 S James Madison Commemorative Silver Dollar] , issued to commemorate the Bill of Rights, is available in proof condition for around $44.89.
- Other options: A [1999 Dolley Madison Uncirculated Silver Dollar] can be purchased for $54.95 or a graded MS70 example for $64.99.
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1993 S James Madison Proof Commemorative Silver Dollar $1 $35.99]
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1999 Dolley Madison Silver Dollar – Uncirculated $54.95]
- These coins are highly sought after by collectors and their value depends on their age, rarity, and condition.
- Examples: An antique James Madison $1 coin (1809-1817) from 2007 P can be found for prices ranging from $599 to $750. A different listing for a coin from the same period is priced at $2400.
- Certain Presidential Dollar coins have gained significant value due to minting errors.
- Example: A 2007 John Adams coin without edge lettering sold for as high as $141,000.
Important considerations:
- Condition: The condition of a coin significantly impacts its value. Uncirculated coins generally fetch higher prices than those in circulated condition.
- Mint mark: The mint where the coin was produced can also affect its value. Some mint marks (e.g., “P” for Philadelphia or “D” for Denver) might be rarer or more desirable to collectors.
- Rarity: Errors, limited mintage numbers, and unique variations contribute to a coin’s rarity and can increase its value.
- Proof vs. business strike: Proof coins are specially struck for collectors and are typically more valuable than business strike coins, which are made for circulation.
If you have a James Madison coin and want to determine its precise value or sell it, it’s recommended to consult with a reputable coin dealer or numismatist for appraisal . They can assess the coin’s condition, identify any errors or unique features, and provide an accurate valuation based on the current market. You can also explore online marketplaces like eBay and Etsy, or specialized online coin stores such as [Littleton Coin Company], [Collectors Alliance] , and Brooklyn Gallery.
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Littleton Coin Company 4.6 (4.2K)Closed · Coin dealer 1309 Mt Eustis Rd]
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Collectors Alliance 2.9 (15)Closed · Collectibles store 1942 Swarthmore Ave]
Are James Madison coins rare?
Great question! 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.
Where is the mint mark on the James Madison coin?
Great question! The reverse bears a dramatic image of the Statue of Liberty. Along the edge, incused lettering features the date of minting, mint mark, and the mottoes e pluribus unum and in god we trust.