Millard Fillmore Dollar Coin Value: A Comprehensive Guide
Introduction
Greetings, readers! Are you curious about the value of Millard Fillmore dollar coins? If so, you’ve come to the right place. In this article, we’ll dive into the historical significance, rarity, and current market value of these intriguing coins.
Since taking their place in history, Millard Fillmore dollar coins have garnered interest from collectors and enthusiasts. Their scarcity and historical significance make them valuable assets. Let’s explore the intriguing world of these sought-after coins!
Historical Significance
Millard Fillmore dollar coins were minted from 1849 to 1850 during the presidency of Millard Fillmore. These coins were designed by James B. Longacre and featured a bust of Fillmore on the obverse and an eagle landing on a rock on the reverse.
The Coinage Act of 1849
The Coinage Act of 1849 authorized the production of Millard Fillmore dollar coins. This act set the standard for the coin’s weight, size, and composition. The coin was composed of 90% silver and 10% copper, with a diameter of 27mm and a weight of 26.73 grams.
Rarity
Millard Fillmore dollar coins are relatively rare, with only approximately 2.5 million pieces minted. The scarcity of these coins contributes to their value.
Factors Affecting Rarity
Several factors contribute to the rarity of Millard Fillmore dollar coins, including:
- Low mintage: Only a limited number of coins were minted, resulting in a smaller pool of available coins today.
- Melting: Many Millard Fillmore dollar coins were melted down for their silver content, further reducing their availability.
- High demand: These coins are in high demand among collectors, which also drives up their value.
Current Market Value
The current market value of Millard Fillmore dollar coins varies depending on factors such as condition, rarity, and desirability.
Factors Affecting Value
The following factors influence the value of Millard Fillmore dollar coins:
- Grade: The condition of the coin plays a significant role in its value. Coins in mint condition are more valuable than those with wear or damage.
- Date: Some dates are rarer than others, which can affect the coin’s value.
- Variety: There are several known varieties of Millard Fillmore dollar coins, each with its own unique characteristics and value.
Premium Values
In certain cases, Millard Fillmore dollar coins can command a premium value. This is especially true for coins with exceptional characteristics, such as:
- Proof coins: Proof coins are specially struck coins that exhibit exceptional detail and finish.
- Error coins: Error coins are coins that have been struck with errors or irregularities, making them highly sought after by collectors.
- Rare varieties: Some varieties of Millard Fillmore dollar coins are extremely rare, which can result in a substantial increase in value.
Market Price Range
Generally speaking, the market price range for Millard Fillmore dollar coins can be categorized as follows:
Common Dates
- Circulated: $100-$250
- Uncirculated: $250-$500
Semi-Key Dates
- Circulated: $250-$500
- Uncirculated: $500-$1,000
Key Dates
- Circulated: $500-$1,000
- Uncirculated: $1,000 and up
Table of Values
| Date | Grade | Price Range |
|---|---|---|
| 1849 | VG | $100-$150 |
| 1849 | F | $150-$200 |
| 1849 | VF | $200-$250 |
| 1850 | VG | $100-$150 |
| 1850 | F | $150-$200 |
| 1850 | VF | $200-$250 |
| 1851 | VG | $100-$150 |
| 1851 | F | $150-$200 |
| 1851 | VF | $200-$250 |
Conclusion
Millard Fillmore dollar coins offer a fascinating combination of historical significance, rarity, and numismatic value. Their scarcity and desirability make them prized possessions for collectors and investors alike.
Whether you’re a seasoned numismatist or simply curious about the value of these coins, we hope this article has provided you with valuable insights. Be sure to explore our other articles for more information on coin collecting and investment.
FAQ about Millard Fillmore Dollar Coin Value
What is the value of a Millard Fillmore dollar coin?
The value of a Millard Fillmore dollar coin varies depending on its condition, rarity, and other factors.
Are Millard Fillmore dollar coins rare?
Millard Fillmore dollar coins are relatively common, with millions minted. However, certain dates and varieties may be more rare than others.
How much is a 1954 Millard Fillmore dollar coin worth?
A 1954 Millard Fillmore dollar coin in circulated condition is worth around $0.50. Uncirculated coins can be worth up to $10.
Is the Millard Fillmore dollar coin made of silver?
No, Millard Fillmore dollar coins are made of clad metal, which is a combination of copper and nickel.
What is the average value of a Millard Fillmore dollar coin?
The average value of a Millard Fillmore dollar coin is around $0.50-$1.
How much is a Millard Fillmore dollar coin worth if it’s in mint condition?
A Millard Fillmore dollar coin in mint condition can be worth up to $10.
Are Millard Fillmore dollar coins worth collecting?
Millard Fillmore dollar coins can be a good investment for collectors, as they are relatively affordable and may appreciate in value over time.
Where can I find a Millard Fillmore dollar coin?
Millard Fillmore dollar coins can be found at coin dealers, online marketplaces, and in circulation.
What is the best way to store a Millard Fillmore dollar coin?
Millard Fillmore dollar coins should be stored in a dry, cool place, away from moisture and direct sunlight.
Can I sell a Millard Fillmore dollar coin?
Yes, you can sell a Millard Fillmore dollar coin to a coin dealer, online marketplace, or private collector.
