Last Updated on March 24, 2022
Coins have long been a collectible item, and most of us remember looking for old pennies or nickels as mementos as children, and for some, the habit stayed even as adults.
One of the coins that got famous was the presidential coin when the government first issued it back in 2007.
If you still have some presidential coins lying around in your house, read on below to find their worth now!
How Much Is a Presidential Coin Worth?
The value of presidential coins depends on the series and its condition. Most presidential coins aren’t of much worth and sell at their face value of $1. However, if the coin is uncirculated or is of proof condition, then its price rises up.
The presidential coin act was made back in 2007 to honor the deceased presidents of the United States. Before a coin can be minted, the former president must be deceased for at least two years. The series of these coins is different, and each has its own worth. They were available for purchase from 2007 to 2011, after which The US mint exclusively marketed coins manufactured from 2012 onwards as uncirculated numismatic coins.
The thing in common for all series of coins is that they’re made up of 88.5% copper, 6% zinc, 3.5% manganese, plus 2% nickel weighing almost 8.1g. The U. S. Mint issued the Presidential dollars in three locations: Philadelphia coins which were minted with P, Denver coins had a D mark on them, and the coins made in San Francisco had S marked on them and were available in proof condition only. The mint mark appears on the coin’s edge directly after the year.
The Most Valuable Presidential Coins
A lot of presidential coins were issued, the first one was in respect of George Washington, and the last one was for George H.W. Bush. Even though the majority of these coins are not worth much, some of them are valuable if in a circulated condition and were minted with an error, such as:
- 2007 Washington coin: This presidential coin has a missing edge letter which is why it became one of the rare finds, making its value more than the normal one. These coins with errors in an uncirculated condition sell out for $25.
- 2007 J Adams: Just like the Washington coin, some of the J Adams coins minted also consisted of an error in which there was missing edge lettering. It can be bought for almost $140 in an uncirculated grade.
- P-2015 Johnson Rev. Proof: The condition of this coin is Proof; hence its value is worth more compared to most of the other coins. Currently, it’s for a price tag of $55.
How Many $1 Presidential Coins Are There?
From 2007 to 2015, Presidential Dollars had been produced at a pace of four variants every year, with three designs issued in the series last year in 2016. However, In 2020, a separate piece of legislation introduced one more coin to the collection.
What Errors Were Present In The Presidential Dollar Coins?
If you have presidential coins at home, then search for ones that have errors in them, as that increases the value of these coins. A few of the noticeable mistakes in the coins included:
- Godless Dollars: In a few variants of coins minted Philadelphia, the inscriptions “E PLURIBUS UNUM” and “IN GOD WE TRUST” were missing giving these coins the title of “Godless dollars.” The price of these normally ranges between $50-$150, but they’ve been sold for even greater prices.
- Missing Clad Layer: The presidential coins were made with copper as a core and the rest of the alloys as layers on top of it. In this coin, the layers weren’t added, and only the copper could be seen, giving a bronze-red appearance instead of the usual gold, which placed the value of it around $260
- The No face Coin: The error in this coin was there was no face present at all of the president! A $2500 reward was given to those who had this coin type.
Can You Still Get Presidential Dollar Coins At The Bank?
After 2012, the fresh editions of the series were not supplied to banks. Instead, the coins can only be acquired through the United States Mint’s numismatic items or secondary market outlets.