Last Updated on March 30, 2022
The James Garfield dollar coin was issued in the year 2011 as a way to commemorate the 20th president of the United States. This dollar coin has an inscription of the year James Garfield was elected as president, that is, the year 1881. The James Garfield dollar coin is one that isn’t composed using any precious metals, such as gold and silver.
These coins are not as dated as some other coins, which is why the James Garfield dollar coins aren’t as rare. However, since they do have a numismatic value, the James Garfield dollar coin value has a possibility of being higher than its face value.
So, they can be sold and purchased at a premium value. To find out more about the James Garfield dollar coin value, keep on reading.
How Much Is the James Garfield Dollar Coin Worth?
The minimum value of the James Garfield dollar coin is that of its face value, that is, one dollar. However, this worth is specifically for those James Garfield dollar coins that are categorized within the circulated condition. So, any other type of James Garfield dollar coin will have a value above its face value.
This premium value depends on two different factors that are the grading and the series the dollar coin falls under. The series is able to affect the worth of the coin due to the fact that there are different quantities minted, which can increase the numismatic value of the dollar coin.
The 2011 P and D Series
This series was minted in Philadelphia with a total of 37,100,000 dollar coins. If the dollar coin within this series is categorized under uncirculated condition, then the James Garfield dollar coin value becomes much higher, that is, anywhere around 11 dollars. However, it must also be graded within the MS 65 grade.
The 2011 D series James Garfield dollar coin was minted in Denver with the same amount of dollar coins. This is why the worth of the coins within this series is the same as the worth of coins within the 2011 P series, which includes coins graded as MS 65 grade and in uncirculated condition.
The 2011 S Proof Series
The 2011 S proof series is a special one and more valuable than the 2011 P and D series. This is due to the fact that the James Garfield dollar coins within this series are printed on a special planchet, which means that they are always a collector’s item and never used as spare change.
Within this series, there were a total of 1,972,863 dollar James Garfield dollar coins minted in San Francisco. If the dollar coin within this series falls under the PR 65 condition, then the coin’s worth will be anywhere around 8 dollars.
Frequently Asked Questions
What Is The Grading System For The James Garfield Dollar Coin?
There are two essential gradings for this coin, which include the uncirculated condition MS 65 coin and the PR 65 proof coin. The MS 65 grade is used specifically for the 2011 P and D series for this particular coin. So, the dollar coins categorized in this grade have a strong aesthetic value with barely visible contact marks.
The PR 65 proof grade is used specifically for the 2011 S proof series for the James Garfield dollar coin, where the dollar coin has a strong appeal to it with little to no visible flaws. While there may be some blemishes and contact marks present, they wouldn’t be as noticeable as they would be in a coin that is in circulated condition.
Why Does The James Garfield Dollar Coin Only Have One Date Inscribed On It?
The inscription on the James Garfield dollar coin, as you may have noticed, unlike other coins, has only one date. This date is the year 1881 when James Garfield became the 20th president.
However, the reason why there is only one date inscribed on the coin is due to the unfortunate fact that James Garfield was assassinated just 6.5 months after he entered the office. Therefore, he was never able to complete his term as president, hence the singular year inscription on his coin.