Last Updated on May 16, 2022
Not all coins are valuable or rare, and the Ronald Reagan dollar coin is not any of these. However, if you find these coins in an uncirculated condition, they can sell for a high value. So, if you are looking to sell these coins, you have come to the right place.
Here is everything you must know about the worth of Ronald Reagan’s commemorative coins.
How Much Is A Ronald Reagan Commemorative Coin Worth?
The Ronald Reagan commemorative coin is worth its face value in circulated condition, which is $1. On the other hand, if these coins are in uncirculated condition, they will sell for a premium. Besides that, the P and D series of these coins are for $10 in an uncirculated condition with a grade of MS 65.
On the other hand, the S Proof coin of the Ronald Reagan commemorative coin will be worth $9 in the condition of PR 65. The same coin in reverse proof will be worth $60 in the condition of PR 65. That is why it is crucial to know the coin you have and its series.
It will give you a better idea of how much you can expect from it. Of course, the value of these coins is not that high, but you can still get a little less than $100 for them.
When Did The US Mint The Ronald Reagan Commemorative Coin?
The United States minted the Ronald Reagan commemorative coin in 2016. The series has the P series, D series, S proof, and S reverse proof coin. You can find the mint mark of these coins on the edges.
Remember that the proof coins have much more detail because they are minted on special planchets. Besides that, it also takes longer for these coins to mint. These types of coins are specifically minted for collectors, which is why you will not find them circulating.
What Are Commemorative Coins?
It is important to know what commemorative coins are before you decide to buy or sell them. In the United States, Congress authorizes commemorative coins that are there to celebrate and honor American institutions, people, events, places, and more.
Not all of them are rare, valuable, or high in value. They also come in different metals, such as gold, silver, and many others. Besides that, the value can range between $20 to $300 and up, depending on many factors.
How Do I Find Out What My Coins Are Worth?
If you want to learn the value of the coins you have, then you can pick up the Blue Book. It is a Guide Book of the United States coins that are printed each year. These indicate values of the coin that are closer to its selling price.
On the other hand, there is also a Red Book you can pick up to understand the value of these coins. However, the Red Book has retail values that most coin buyers and dealers will pay you for the coin.
How Many Commemorative Coins Are There?
The Ronald Reagan commemorative coin is one of the many commemorative coins that celebrate America. Besides that, since 1982, more than 156 commemorative coins have been authorized by Congress. That is because, in 1982, Congress reinstated the commemorative program.
After that, at least a hundred commemorative coins have been authorized. You can get your hands on any of these coins, depending on the one you want for your collection. Be sure to opt for a reputable coin buyer or dealer so that you can get these coins for a fair price.
What Was The First Commemorative Coin?
The first commemorative coin authorized by Congress was the 1892 Columbian Exposition half-dollar. From this year till 1954, the legislation authorized the United States Mint to manufacture commemorative coins for fifty-three unique individuals, occasions, and events. You can see a list of all these commemorative coins in the guidebook.
Of course, such coins are not available in circulation anymore. You will only find them on auction sites or with collectors. That is why if you want to buy or sell such coins, you will have to do research to opt for the right collector or dealer.