The value of a James Madison dollar coin, part of the Presidential Dollar series, can vary significantly depending on its condition and whether it has any errors.
- Circulated coins: In circulated condition, these coins are generally worth their face value of $1.
- Uncirculated coins: Uncirculated James Madison Presidential Dollars might fetch a slightly higher price, perhaps around $2.
- Sets: Uncirculated sets of James Madison Presidential Dollars are available from vendors like Littleton Coin Company for around $6.25 USD. You can also find them on platforms like eBay, sometimes priced around $4.93 USD to $4.95 USD for individual uncirculated coins.
Some James Madison Presidential Dollar coins have errors that can dramatically increase their value for collectors. Examples include:
- Missing edge lettering: A 2007 James Madison Presidential Dollar with missing edge lettering graded PCGS SP-65 has been listed for $69 USD. Similarly, an NGC graded MS 66 missing edge lettering coin was listed for $125 USD.
- Improperly annealed planchet: A 2007 James Madison Presidential Error Coin graded NGC MS65 as an improperly annealed planchet was listed for $81.99 USD.
- Improperly spaced letters: A coin with improperly spaced letters, graded NGC MINT ERROR MS 64, is a recognized error type.
- Lettered blank planchet: These errors occur when a blank isn’t struck but goes through the edge-incusing machine, resulting in blank planchets with lettered edges. These are considered the scarcest and most valuable of Presidential Dollar error types.
- Condition (Grade): Coins in better condition (higher grades) generally command higher prices. Professional grading by services like NGC or PCGS can authenticate and assign a grade, impacting a coin’s market value.
- Rarity/Mintage: Coins with lower mintages or unusual characteristics, like the error coins described above, tend to be more valuable to collectors.
- Demand: The current market demand for a particular coin can also influence its price.
- Online Marketplaces: Platforms like eBay are popular venues for buying and selling James Madison Presidential Dollars, including both standard and error coins.
- Coin Dealers/Shops: Local coin dealers or shops are another option for both buying and selling coins, offering expert appraisal and potentially more direct transactions. [Alhambra Coin Center] , for instance, features a wide selection of quality coins and timepieces, and also buys coins. [A Coin Exchange] specializes in rare coins and precious metals. Coin Connection in Studio City also buys and sells coins.
- Auction Houses: Some error coins or highly graded specimens may be sold through auction houses, as seen with the 1984 $1 error coin that sold for a significant amount at auction.
- [
Alhambra Coin Center 4.0 (183)Closed · Coin dealer 254 E Main St]
- [
A Coin Exchange 4.6 (181)Closed · Coin dealer 18631 Ventura Blvd]
Ultimately, the value of a James Madison dollar coin depends on its specific characteristics and the current market conditions. It’s always advisable to consult with a reputable coin dealer or authenticator for accurate appraisal and guidance.
Where is the mint mark on a James Madison dollar?
From my experience, 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.
What is a 1809 James Madison coin worth?
Generally, James Madison presidential gold coin dollars are only worth their face value of $1 in circulated condition. Most of the coins you will come across are circulated; the most you can expect these coins to be worth is their face value.