The value of an Abraham Lincoln inauguration coin can vary significantly depending on several factors, including:
- Year of mintage: While there were no circulating coins featuring Abraham Lincoln during his presidency in 1861 due to the law prohibiting portraits of living persons on coinage, there are medals and commemorative coins related to his inauguration that were produced at different times.
- Composition: These coins or medals can be made of various materials like bronze, silver, or even “gold” (which is typically a gold-colored base metal alloy).
- Condition: Like any collectible, the condition plays a significant role in value. Coins in uncirculated or pristine condition will command higher prices than those with wear and tear.
- Rarity: Limited mintage, errors, or unique features can drastically increase a coin’s value.
- Mint mark: This indicates the mint where the coin was produced and can sometimes influence value.
Here are some examples of Abraham Lincoln Inauguration related coins and their potential values:
- Abraham Lincoln Bronze Medals:
– U.S. Mint offers bronze medals with Abraham Lincoln’s portrait and inauguration details for $20 (1 5/16 inch) and $160 (3 inch).
– eBay listings show used bronze inauguration medals ranging from $15.44 to $149.99.
- Abraham Lincoln Presidential Silver Medals:
– The U.S. Mint sells a 1.000 troy ounce silver medal for $90.
- Abraham Lincoln Presidential Dollar Coins:
– Regular circulating presidential dollar coins featuring Abraham Lincoln (minted in 2010 and later) have a face value of $1 and are not considered rare, even in uncirculated condition.
– However, if there’s a rare error on a presidential dollar coin, it can fetch a much higher price, potentially up to $900.
- Older Silver Coins (e.g., 1861 Seated Liberty Dollar):
– These are not directly Lincoln Inauguration coins, but they were in circulation at the time of his first inauguration.
– A circulated 1861 Seated Liberty Dollar could be worth between $1100 and $4750, while uncirculated examples can reach as high as $120000.
- Authenticity: Be cautious of fakes or forgeries, especially for rare or seemingly valuable coins.
- Professional Appraisal: For a precise valuation, particularly for older or rarer items, it is always recommended to have the coin evaluated by a professional coin grading service.
In summary, the value of an Abraham Lincoln inauguration coin or medal can range from a few dollars to tens or even hundreds of thousands of dollars, depending on the specific item and its condition.
Is the Abraham Lincoln $1 coin worth anything?
The reverse has a lovely view of the Statue of Liberty and ‘United States of America’ as well as’ $1′. The coin was minted at different mints and today, a fair market resale value is between 5 and 20 usd in auction, on Ebay.
What is the first inaugural address coin of Abraham Lincoln?
– 1961 Lincoln Penny : This genuine Lincoln Penny from the100th Anniversary of Lincoln’s historic 1st inauguration is luxuriously layered in 24k gold and measures 19 mm in diameter (.
Why is Abraham Lincoln on the 1 cent coin?
In 1909, Abraham Lincoln became the first president featured on our coins in honor of his 100th birthday. The Lincoln penny obverse showed the image of Lincoln designed by Victor David Brenner that is still used today. From 1909 to 1958 the reverse featured two sheaves of wheat.
When did the Abraham Lincoln dollar coin come out?
On November 18, 2010, the highly anticipated Abraham Lincoln Presidential Dollar was released to the public, sparking a frenzy among coin collectors all over the world.