james madison dollar

The James Madison Presidential Dollar: A Guide

The James Madison Presidential dollar is a United States coin honoring James Madison, the fourth President of the United States. Released in 2007 as part of the Presidential $1 Coin Program, this coin features a portrait of Madison and various inscriptions.

The Presidential $1 Coin Program

The Presidential $1 Coin Program was authorized by the Presidential $1 Coin Act of 2005. The goal was to honor each deceased U.S. President in order of their term in office. These coins were intended to revitalize coin collecting and promote awareness of presidential history.

Design and Features of the James Madison Dollar

The obverse of the James Madison dollar features a portrait of James Madison. Inscriptions include “JAMES MADISON,” “IN GOD WE TRUST,” “4th PRESIDENT,” and “1809–1817” (his years in office). The reverse displays the Statue of Liberty, common to all coins in the series, along with the inscription “$1”. Unlike regular circulating coins, the Presidential dollars have edge inscriptions which include “E PLURIBUS UNUM,” the year of minting, and the mint mark. More information about the series can be found at Presidential dollars on Wikipedia.

Minting and Availability

The James Madison dollar was minted in Philadelphia (P) and Denver (D). It was released into circulation for a limited time, but can still be obtained through coin collecting channels. The coins were initially distributed through banks and other financial institutions. However, the public demand for the coins was not sustained, so the program shifted focus to collectable sets.

Collecting the James Madison Dollar

The James Madison dollar is a popular coin among collectors. Collectors often seek examples in uncirculated condition. Special variations, such as proof versions and error coins, are also highly sought after and can command higher prices.

FAQs About the James Madison Dollar

What is the value of a James Madison dollar?

The value of a James Madison dollar typically ranges from $1 to a few dollars in circulated condition. Uncirculated examples and proof coins can be worth more.

Where can I find a James Madison dollar?

You can find James Madison dollars through coin dealers, coin collecting clubs, online marketplaces, and occasionally in circulation.

Are there any rare James Madison dollars?

While not inherently rare, certain mint marks or special editions (like proof coins) can be more valuable.

What are the edge inscriptions on the James Madison dollar?

The edge inscriptions are “E PLURIBUS UNUM,” the year of minting, and the mint mark (P or D).

What years were James Madison president?

James Madison was president from 1809 to 1817.

Summary

The James Madison Presidential dollar is a commemorative coin that honors a key figure in American history. Part of a broader series, it offers a tangible connection to the past and a fascinating glimpse into presidential legacies. Whether you’re a seasoned coin collector or just curious about U.S. currency, the James Madison dollar is an interesting piece to explore.