Last Updated on April 4, 2022
The James Madison dollar coin was minted in honor of the fourth President of the United States. It was part of the Presidential $1 Coin Program which began in 2007.
The coins were made of copper-nickel clad and featured a likeness of James Madison on the front. On the back, there is an image of lady liberty. These coins were only minted for one year from 2007 to 2008.
What is the worth of James Madison Dollar Coin Value?
The James Madison dollar coin is worth between $0.75 and $0.85 in circulated condition. In uncirculated condition, it is worth between $0.90 and $11.00. The value of these coins can change overtime based on different factors. The total weight of this coin is 8.1 grams.
The coin was only minted in limited number which is why it is slightly valuable but as the coin was minted in 2007 there are still many coins out there which effects the value of these coins. They are worth more than their face value but not worth thousands of dollars as one would expect rare coins to be.
Which Cities Was This Coin Minted In?
The James Madison dollar coin was minted in Denver, San Francisco and Philadelphia. Denver minted the largest quantity of this coin followed by Philadelphia. It is estimated that around 87780000 coins were minted in Denver while only around 84560000 coins were minted in Philadelphia. While 3965989 so if you come across this coin in your change it is more likely to be from the Denver mint than the Philadelphia mint.
Who Was James Madison?
James Madison, whose picture is also featured in the 5000 dollar bill, was the fourth President of the United States. He served from 1809 to 1817. He was a key figure in drafting and ratifying the Constitution of the United States. He also served as Secretary of State and War. Madison is considered to be one of the founding fathers of the United States. He was a proponent of the Democratic Republican party and helped to establish the first national bank.
Whose Picture is On the James Madison Dollar Coin?
The front of the James Madison dollar coin features a likeness of James Madison. On the reverse side, the there is picture of the statue of liberty. The coin was designed by Joel Iskowitz where as it was sculpted by Don Everhart who is a popular United States Mint Sculptor and Engraver.
The front of the coin has James Madison and 4th President written on it along with his presidential tenure 1908-1817. On the back side, $1 is written along with United States of America.
James Madison Presidential Coin Errors
There are a few James Madison Presidential coin errors that can be found. The errors on the James Madison presidential coin give a boost to its value. So let’s take a look at some of the errors on this presidential coin errors.
Upside Down Lettering-This error occurs when the lettering on the coin is facing upside down. This can be found on the edge of the coin.
Missing Edge Lettering-This error is when the edge lettering of the coin is missing.
Double Edge Lettering- this error is when the edge lettering on the coin appears twice.
Lettered Blank Planchet- This error is when the coin appears to be blank but with lettering on it. This can be found on the front or back of the coin.
Grading System of This Coin
The grading system for the James Madison dollar coin is as follows:
Poor– This coin has heavy wear and is only worth its face value.
Fair- This coin has moderate wear and is worth between $0.75 and $0.85 in circulated condition.
Uncirculated-This coin has no wear and is worth between $0.90 and $11.00 in uncirculated condition.
As you can see, the James Madison dollar coin is worth more than its face value but not as much as some of the other rare coins out there. If you are lucky enough to find one in your change, hang on to it! It could be worth more down the road.