The Fascinating Story of the 1809 James Madison Inaugural Medal
The 1809 James Madison Inaugural Medal isn’t actually a coin, but a commemorative medal struck to celebrate his inauguration as the fourth President of the United States. These medals are highly sought after by collectors today because they represent a pivotal moment in American history and a tangible link to one of the nation’s founding fathers.
What is the 1809 James Madison Inaugural Medal?
The 1809 James Madison Inaugural Medal is a non-monetary commemorative piece. It was produced to honor James Madison’s ascension to the presidency. These medals feature a portrait of Madison and inscriptions reflecting his presidential role. Unlike circulating coinage, inaugural medals were distributed to dignitaries and supporters of the new president, making them prized collectibles today due to their historical significance and relative scarcity.
Design and Composition
The design of the 1809 James Madison Inaugural Medal is attributed to Moritz Fürst, a prominent medalist of the time. The obverse typically features a portrait of James Madison, often in profile, with inscriptions denoting his name and title. The reverse usually depicts symbolic imagery related to the United States or to Madison’s political philosophy. Most known examples are made of bronze or silver. The exact composition and quality vary depending on the specific striking.
Rarity and Value
The 1809 James Madison Inaugural Medal is considered a rare and valuable collectible. Original strikes, especially those in excellent condition, can fetch substantial prices at auction. The value depends on several factors, including the metal it’s made of (silver examples are more valuable than bronze), its condition (graded on a scale from Poor to Uncirculated), and its provenance (history of ownership). Consulting with a reputable numismatist (coin and medal expert) is crucial for determining an accurate appraisal.
Preserving Your Inaugural Medal
Proper handling and storage are essential for preserving the value and integrity of your 1809 James Madison Inaugural Medal. Always handle the medal by its edges to avoid transferring oils from your fingers to the surface. Store it in a dedicated coin or medal holder made from inert materials to protect it from scratches, dust, and environmental damage. Avoid cleaning the medal yourself, as improper cleaning techniques can damage its surface and diminish its value. Consider professional conservation if the medal requires cleaning or restoration.
Further Reading
You can find comprehensive information about James Madison and his presidency on Wikipedia.
FAQs
What makes the 1809 James Madison Inaugural Medal valuable?
Its historical significance, rarity, condition, and composition all contribute to its value.
How can I tell if my Madison Inaugural Medal is authentic?
Consult with a professional numismatist for authentication. They can assess the medal’s design, composition, and manufacturing techniques to verify its authenticity.
Where can I buy or sell an 1809 Madison Inaugural Medal?
Reputable coin dealers, auction houses specializing in numismatics, and online marketplaces for collectibles are good places to start.
What is the average price of an 1809 James Madison Inaugural Medal?
The price varies greatly depending on the factors mentioned earlier (metal, condition, provenance). Research recent auction results for comparable examples to get an idea of current market value.
How should I store my valuable medal?
Store it in an inert coin holder in a cool, dry place away from direct sunlight.
Summary
The 1809 James Madison Inaugural Medal is a significant piece of American history, offering a tangible connection to the fourth President. Its rarity and historical value make it a highly sought-after collectible. Understanding its design, composition, and preservation needs is key to appreciating and protecting its value for generations to come.
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