James Madison 1 Dollar Coin Worth 1809 To 1817
Introduction
James Madison was the fourth President of the United States from 1809 to 1817. He was one of the founding fathers of the country and played a crucial role in drafting the US Constitution. To honor his legacy, the US Mint released a dollar coin featuring his portrait in 2007. The James Madison dollar coin is part of the Presidential $1 Coin Program and has a face value of $1.
Design and Specifications
The James Madison dollar coin has a diameter of 26.5mm and a thickness of 2mm. It is made of a copper core with a manganese-brass outer layer. The obverse side of the coin features a portrait of James Madison with the inscriptions "James Madison," "In God We Trust," and "4th President 1809-1817." The reverse side of the coin depicts an image of the Statue of Liberty with the inscriptions "United States of America" and "$1."
Mintage
The James Madison dollar coin was first released into circulation on November 15, 2007. The US Mint produced a total of 87,640,000 coins with the "D" mint mark, indicating that they were minted in Denver. Another 88,560,000 coins with the "P" mint mark, indicating that they were minted in Philadelphia, were also produced. The coins were struck for general circulation and were also available in uncirculated and proof sets.
Value of the James Madison Dollar Coin
The James Madison dollar coin has a face value of $1, but its value may vary depending on its condition and rarity. In general, circulated coins are worth their face value, while uncirculated and proof coins may fetch a higher price. As of 2021, an uncirculated James Madison dollar coin is worth around $2 to $3, while a proof coin is worth around $10 to $15. Rare varieties or coins with errors may command a higher price from collectors.
Collecting James Madison Dollar Coins
The James Madison dollar coin is a popular choice among coin collectors, especially those who collect Presidential coins. Collectors may choose to focus on collecting all the coins in the Presidential $1 Coin Program, which features all the US Presidents in order of their terms. The program ran from 2007 to 2016 and included a total of 39 coins. Collectors may also choose to collect coins with specific mint marks, such as the "S" mint mark indicating that the coins were minted in San Francisco.
Conclusion
The James Madison dollar coin is a tribute to one of the most important figures in American history. As a collectible item, it offers a glimpse into the country's past and serves as a reminder of the values that the nation was built upon. Whether you're a collector or just someone who appreciates the history and beauty of coins, the James Madison dollar coin is a must-have in any collection.