If you’re a numismatist, chances are you’ve encountered the Zachary Taylor coin or are considering adding it to your collection. This presidential dollar coin, named after the twelfth President of the United States, was released as part of a series to honor former presidents. While the coin isn’t particularly rare, it holds value and significance. In this article, we’ll delve into the value, specifications, and history of the Zachary Taylor dollar coin.
Value of the Zachary Taylor Dollar Coin
The value of a Zachary Taylor dollar coin largely depends on the type of coin and its condition. Zachary Taylor coins were minted in various locations: Denver (2009 D), Philadelphia (2009 P), and San Francisco (2009 S Proof). In general, circulated Zachary Taylor coins are worth around $1, often showing signs of wear and tear.
However, for coins in premium condition, the price significantly increases. Zachary Taylor coins with the mint mark 2009 P and 2009 D, graded as MS 65 gem uncirculated, can be valued at around $3.50 each. On the other hand, the Zachary Taylor proof coins (2009 S Proof), graded as PR 65 proof, carry a price tag of $4 per coin. Proof coins are more expensive due to their unique manufacturing process and their appeal to collectors.
Now that we understand the value of Zachary Taylor coins, let’s explore the history and background that contribute to their worth.
The Zachary Taylor presidential dollars were launched as part of the Presidential $1 Coin Program, an initiative by the United States Mint to honor ex-presidents. This program, based on The Presidential $1 Coin Act (Public Law 109-145), issued a series of coins between 2007 and 2016, starting with George Washington, John Adams, Thomas Jefferson, and James Madison. In 2009, commemorative presidential dollars were minted for several presidents, including Zachary Taylor, marking the end of that year’s releases. The introduction of the Zachary Taylor coin coincided with the 225th anniversary of his birth, giving it an extra layer of significance.
Who Was Zachary Taylor?
Zachary Taylor, the twelfth President of the United States, had a distinguished military career before entering politics. Known as “Old Rough and Ready,” Taylor was a national hero, which propelled him to an easy victory in the 1848 presidential election. Unfortunately, his presidency was short-lived as he passed away 16 months later from stomach disease, making him the second U.S. president to die in office. The Zachary Taylor coin depicts the years 1849-1850, representing his tenure.
It’s worth noting that Taylor didn’t influence any coin legislation or appoint a director of the United States Mint during his presidency.
Now, let’s examine the specifications and characteristics of the coin.
Coin Specifications and Characteristics
Designed by engraver and sculptor Don Everhart, the Zachary Taylor presidential dollars showcase remarkable craftsmanship. The design of the collection is akin to the Sacagawea Golden Dollar and the Native American $1 coins. Here are the exact specifications of the dollar coin:
- Type: Presidential dollar
- Year: 2009
- Face Value: $1.00
- Composition: 88.5% copper, 6% zinc, 3.5% manganese, 2% nickel
- Total Weight: 8.1 grams
- Diameter: 26.5 mm
- Thickness: 2.0 mm
- Edge: Lettered
Additionally, the coin’s obverse and reverse feature distinct inscriptions:
- Zachary Taylor
- 12th President 1849-1850
- In God we trust
- United States Of America
Incused (Edge) Inscriptions:
- E PLURIBUS UNUM
- Mint mark (“P,” “D,” or “S”)
The ample supply of Zachary Taylor coins in circulation contributes to their relatively affordable prices. The following quantities were released by each mint:
- 2009 P: 41,580,000 coins
- 2009 D: 36,680,000 coins
- 2009 S Proof: 2,809,452 coins
Keep in mind that these numbers, provided by the United States Mint, may not be exact as they don’t account for destroyed or melted coins.
In this article, we’ve discussed key factors that determine the value of a Zachary Taylor presidential dollar coin, whether you’re looking to buy or sell. Notably, uncirculated coins tend to fetch higher prices. So, if you ever come across one, it’s certainly something to be proud of.