Because of my busy week this past week, you get to read two articles in one day, this along with my article about details grades.
The Presidential Dollars, minted from 2007 to 2016, was designed by Don Everhart. The Presidential Dollar series was a series to go along with the Sacagawea and Native American series of dollars. The point of this series was to honor former presidents with a coin meant for circulation. From 2007 to 2011, these coins were intended for circulation. These coins rarely made it to circulation, so they were issued only to numismatists from 2012 to 2016. The coins weigh 8.1 grams and is composed of 77% copper, 12% zinc, 7% manganese and 4% nickel, with a diameter of 26.5 millimeters. Unfortunately, many people who are not collectors and numismatists believe these, along with the Sacagawea coins, are made of gold and think they “struck it rich” when they find one of these. I have even heard of people giving bad reviews to dealers for “lying” to them, saying that their “gold” coin was only worth a dollar! An interesting thing about these coins is something that is pretty quick to observe - the date is missing from either the obverse or the reverse. These coins, along with the Native American series, have a lettered edge, which is where the date, mintmark, and motto are located. Every year, the United States minted these coins honoring four former presidents each year, making it a fun, easy, and affordable series to collect. You can easily find these coins for just over face value in uncirculated condition and only slightly more in proof. To go along with this, the US minted ten dollar gold coins to commemorate the spouses of each president, known as the First Spouse series, containing 24 karat gold.
P – Philadelphia
D – Denver
S – San Francisco
There are really very few key dates in this series that is worth much more than any other. Every year had a similar mintage number, but there are some more valuable examples. There are two varieties for Grover Cleveland, one for his first term and one for his second term. The reason for this is because he was president two separate times with Benjamin Harrison in-between. Both are worth about the same amount as any other, just over face value. In 2015 and 2016, there were reverse proof coins minted, which have a significantly higher value over the regular proof issues. The 2015-P Harry Truman Reverse Proof is worth over $100 and same for the Dwight Eisenhower Reverse Proof issue. The John Kennedy and Lyndon Johnson Reverse Proof coins are worth around $50 and the 2016-P Ronald Reagan is worth slightly less. Reverse Proof coins were minted only at the Philadelphia Mint.
Should I Get A Presidential Dollar Graded?
No. Not really. They are worth barely more than face value and would cost much more to have them graded then they are worth. You can purchase coins graded in bulk cheaper, so if you want one, I would purchase it graded, not send it in to be graded.
Yeoman, R S. A Guide Book of United States Coins 2018 Essential Edition: The Official Red Book. Whitman Publishing, LLC, 2017.
“PCGS Photograde Online – Estimating Coin Grades Has Never Been Easier.” PCGS,www.pcgs.com/photograde/.