The Franklin Pierce dollar coin is a part of the Presidential $1 Coin Program, which was launched in 2007 to honor the presidents of the United States. The program was authorized by the Presidential $1 Coin Act of 2005, which aimed to create a series of coins featuring all the presidents in the order they served. In this article, we will delve into the history and value of the Franklin Pierce dollar coin.
The Franklin Pierce dollar coin was released on May 20, 2010, as the 14th coin in the Presidential $1 Coin Program. The coin features a portrait of Franklin Pierce, the 14th President of the United States, on the obverse (front) side. The reverse (back) side features an image of the Statue of Liberty, which is a common design element for all the coins in the program.
Franklin Pierce was born on November 23, 1804, in Hillsborough, New Hampshire. He served as the 14th President of the United States from 1853 to 1857. Pierce was a member of the Democratic Party and is known for his support of the Kansas-Nebraska Act, which allowed new states to decide whether to allow slavery. He is also famous for his veto of the Wade-Davis Bill, which aimed to ban slavery in the territories.
The Franklin Pierce dollar coin was designed by Don Everhart, a renowned coin designer who has created many iconic coins for the United States Mint. The coin is made of a manganese-brass alloy and features a diameter of 1.043 inches (26.5 mm) and a weight of 8.1 grams.
In terms of value, the Franklin Pierce dollar coin is worth its face value, $1, if it is in circulated condition. However, if the coin is in uncirculated condition or has a high grade, its value can increase significantly. For example, a MS-65 (Mint State 65) Franklin Pierce dollar coin can be worth around $10-$20, while a MS-70 (Mint State 70) coin can be worth upwards of $100.
In addition to its numismatic value, the Franklin Pierce dollar coin also holds historical significance. It is a part of the Presidential $1 Coin Program, which aims to honor the presidents of the United States. The coin features a portrait of Franklin Pierce, who played an important role in American history.
To collect the Franklin Pierce dollar coin, you can purchase it from the United States Mint or from a reputable coin dealer. You can also find the coin in circulation, although it may be difficult to find one in good condition.
Design and Specifications
The Franklin Pierce dollar coin features a portrait of Franklin Pierce on the obverse side. The reverse side features an image of the Statue of Liberty.
Here are the specifications of the Franklin Pierce dollar coin:
- Denomination: $1
- Diameter: 1.043 inches (26.5 mm)
- Weight: 8.1 grams
- Metal composition: Manganese-brass alloy
- Edge: Smooth
- Mint mark: None
Coin Grading and Certification
Coin grading and certification are important factors to consider when collecting the Franklin Pierce dollar coin. The grade of the coin can affect its value, so it's essential to have your coin graded and certified by a reputable third-party coin grading service.
The most popular coin grading services are the Professional Coin Grading Service (PCGS) and the Numismatic Guaranty Corporation (NGC). These services use a 70-point grading scale to evaluate the condition of the coin.
Here is a brief overview of the coin grading scale:
- MS-60 (Mint State 60): The coin has a weak strike and may have noticeable scratches or marks.
- MS-65 (Mint State 65): The coin has a strong strike and may have minor scratches or marks.
- MS-70 (Mint State 70): The coin has a perfect strike and no scratches or marks.
Collecting the Franklin Pierce Dollar Coin
Collecting the Franklin Pierce dollar coin can be a fun and rewarding hobby. Here are some tips to get you started:
- Purchase the coin from the United States Mint or a reputable coin dealer.
- Consider having your coin graded and certified by a third-party coin grading service.
- Store your coin in a protective case or album to preserve its condition.
- Learn about the history and significance of the Franklin Pierce dollar coin.
Selling Your Franklin Pierce Dollar Coin
If you're looking to sell your Franklin Pierce dollar coin, here are some tips:
- Research the market value of the coin to determine a fair price.
- Consider selling your coin to a reputable coin dealer or online marketplace.
- Provide clear photos and descriptions of the coin to attract potential buyers.
In conclusion, the Franklin Pierce dollar coin is a valuable addition to any coin collection. Its historical significance and numismatic value make it a unique and interesting coin to collect.
What is the value of the Franklin Pierce dollar coin?
+The value of the Franklin Pierce dollar coin depends on its condition and rarity. In circulated condition, the coin is worth its face value, $1. However, if the coin is in uncirculated condition or has a high grade, its value can increase significantly.
How can I collect the Franklin Pierce dollar coin?
+You can collect the Franklin Pierce dollar coin by purchasing it from the United States Mint or a reputable coin dealer. Consider having your coin graded and certified by a third-party coin grading service to increase its value.
Can I sell my Franklin Pierce dollar coin?
+Yes, you can sell your Franklin Pierce dollar coin to a reputable coin dealer or online marketplace. Research the market value of the coin to determine a fair price, and provide clear photos and descriptions to attract potential buyers.
We hope this article has provided you with valuable information about the Franklin Pierce dollar coin. Whether you're a seasoned coin collector or just starting out, this coin is a great addition to any collection.