James Madison 1 Dollar Coin 1809 To 1817 Worth
The James Madison 1 dollar coin was minted from 2007 to 2016 as part of the Presidential Dollar Coin Program. This program honored each of the US Presidents, with a new coin released every three months in the order of their inauguration. James Madison, the fourth President of the United States, was honored with a coin release in 2007, which was in circulation from 2009 to 2012.
Design of the Coin
The obverse side of the coin features a portrait of James Madison, designed by Joel Iskowitz. The portrait is surrounded by the inscriptions "James Madison," "In God We Trust," "4th President," and "1809-1817." The reverse side of the coin features an image of the Statue of Liberty, designed by Don Everhart, with the inscriptions "United States of America" and "$1."
Value of the Coin
The James Madison 1 dollar coin is still in circulation, and its face value is $1. However, the value of the coin can vary depending on its condition and rarity. A circulated James Madison 1 dollar coin is typically worth its face value, while an uncirculated coin can be worth more. As of 2021, an uncirculated James Madison 1 dollar coin can be worth between $2 and $10, depending on its condition.
Circulation of the Coin
The James Madison 1 dollar coin was released into circulation on November 15, 2007. It was minted at the Philadelphia and Denver Mints, with a total production of 86,660,000 coins. The coin was also released in rolls and bags for collectors to purchase.
Collecting the Coin
The James Madison 1 dollar coin is a popular choice for coin collectors, especially those who collect presidential coins. Collectors can find uncirculated coins for sale from coin dealers or online marketplaces. Some collectors also search for rare variations of the James Madison 1 dollar coin, such as errors or varieties.
Conclusion
The James Madison 1 dollar coin is a unique piece of US currency that honors the fourth President of the United States. While its face value remains at $1, its value as a collectible can vary depending on its condition and rarity. Whether you're a collector or just interested in US history, the James Madison 1 dollar coin is a fascinating addition to any collection.
