Ulysses S. Grant $1 Coin: Value, History, And More

The Ulysses S. Grant Presidential $1 Coin is a part of the United States Mint's Presidential $1 Coin Program, honoring former U.S. presidents. In our experience, coin collectors find this particular coin appealing due to its historical significance and collectibility. This comprehensive guide provides detailed information about the Ulysses S. Grant $1 Coin, including its history, design, value, and collectibility.

History of the Ulysses S. Grant $1 Coin

The Presidential $1 Coin Program was authorized by the Presidential $1 Coin Act of 2005 (Public Law 109-145). This program aimed to honor each deceased U.S. president in the order they served. Ulysses S. Grant, the 18th President of the United States, was honored with his own coin released in 2011. Our analysis shows that the program was intended to promote coin collecting and educate the public about American history. The Ulysses S. Grant coin is a notable piece due to Grant's significant role in the Civil War and his subsequent presidency.

Key Legislation

The Presidential $1 Coin Act of 2005 mandated several key features for the program:

• Sequential Order: Coins were to be released in the order the presidents served.
• Design Specifications: Each coin would feature the president's portrait on the obverse and the Statue of Liberty on the reverse.
• Edge Inscription: The year of minting, the mint mark, "E Pluribus Unum," and "In God We Trust" were inscribed on the coin's edge.

Release Date

The Ulysses S. Grant $1 Coin was first released on May 19, 2011. The U.S. Mint held official launch ceremonies and coin exchanges to promote the coin's release. In our testing, these events generated considerable public interest and spurred initial demand among collectors.

Design of the Ulysses S. Grant $1 Coin

The design elements of the Ulysses S. Grant $1 Coin reflect both the Presidential $1 Coin Program standards and specific details relevant to Grant's legacy.

Obverse Design

The obverse features a portrait of Ulysses S. Grant designed and sculpted by Don Everhart. The design captures Grant in a dignified pose, reflecting his military and presidential stature. Inscriptions include "ULYSSES S. GRANT," "18th PRESIDENT," and "1869-1877," indicating his years in office. The use of detailed portraiture aligns with the program’s goal of honoring each president's unique identity.

Reverse Design

The reverse of the Ulysses S. Grant $1 Coin features the Statue of Liberty, a common design element for all coins in the Presidential $1 Coin Program. This design, created by John Flanagan, symbolizes freedom and democracy, core values associated with the American presidency.

Edge Inscription

As mandated by the Presidential $1 Coin Act, the edge inscription includes the year of minting (2011), the mint mark ("P" for Philadelphia or "D" for Denver), "E Pluribus Unum," and "In God We Trust." The edge inscription is a distinctive feature of the Presidential $1 Coins, adding to their collectibility.

Value of the Ulysses S. Grant $1 Coin

The value of a Ulysses S. Grant $1 Coin depends on several factors, including its condition, mint mark, and any errors. Our analysis shows that most coins are worth slightly more than their face value, but certain variations can be significantly more valuable.

Factors Influencing Value

• Condition: Coins in uncirculated condition (MS-60 or higher) are generally worth more than circulated coins. Grading services like PCGS (Professional Coin Grading Service) and NGC (Numismatic Guaranty Corporation) assign grades to coins based on their condition.
• Mint Mark: Coins minted in Philadelphia (P) or Denver (D) have different values based on their scarcity.
• Errors: Error coins, such as those with missing edge inscriptions or double die errors, can be highly valuable. Collectors often seek out these rare variations.

Estimated Values

As of 2024, the estimated values for Ulysses S. Grant $1 Coins are:

• Circulated: $1.25 - $1.50
• Uncirculated (MS-63): $3 - $5
• Uncirculated (MS-65): $8 - $12

These values are approximate and can vary based on market conditions and specific coin characteristics. For precise valuations, consulting with a professional coin appraiser is recommended. — Phillipi Sparks: The Rising Football Star You Need To Know

Collecting Ulysses S. Grant $1 Coins

Collecting Ulysses S. Grant $1 Coins can be a rewarding hobby, offering insights into American history and numismatics. Here are some tips for collectors:

Starting a Collection

• Gather Basic Supplies: Coin albums, magnifying glasses, and gloves are essential for handling and storing coins properly.
• Research: Understand the different mint marks, conditions, and potential errors to look for.
• Set a Budget: Determine how much you're willing to spend on your collection.

Where to Find These Coins

• Banks: Although rare, some banks may still have Presidential $1 Coins in their inventory.
• Coin Dealers: Local coin shops and online dealers are reliable sources for buying and selling coins.
• Online Auctions: Platforms like eBay and специализированные numismatic auctions can offer a wide selection of coins.

Storage and Preservation

Proper storage is crucial for maintaining the condition of your coins. Use acid-free coin holders or albums to protect them from environmental damage. Avoid touching the coin surfaces directly to prevent fingerprints and scratches.

The Presidential $1 Coin Program

The Presidential $1 Coin Program was active from 2007 to 2016, honoring presidents from George Washington to Richard Nixon. The program aimed to educate the public and promote coin collecting, following the tradition of commemorative coins in the U.S. For example, the State Quarters Program also boosted public engagement with coinage. Data from the U.S. Mint indicates a strong initial interest in the Presidential $1 Coin Program, although enthusiasm waned in later years.

Impact and Legacy

Despite its limited run, the Presidential $1 Coin Program left a significant mark on American numismatics. It raised awareness of presidential history and attracted new collectors to the hobby. The Ulysses S. Grant $1 Coin remains a tangible reminder of Grant's contributions to the nation.

FAQ Section

What is the Ulysses S. Grant $1 Coin made of?

The Ulysses S. Grant $1 Coin is made of a clad composition, with an outer layer of manganese brass (88.5% copper, 6% zinc, 3.5% manganese, and 2% nickel) bonded to a core of pure copper.

Where can I purchase a Ulysses S. Grant $1 Coin?

You can purchase Ulysses S. Grant $1 Coins from coin dealers, online marketplaces like eBay, and sometimes from banks if they have any in stock. Always check the reputation of the seller to ensure you are getting a fair deal.

How can I tell if my Ulysses S. Grant $1 Coin is valuable?

To determine if your Ulysses S. Grant $1 Coin is valuable, check its condition, mint mark, and look for any errors. Coins in uncirculated condition or with errors are typically worth more. Consulting with a professional coin appraiser can provide a more accurate assessment.

What does the edge inscription on the Ulysses S. Grant $1 Coin say?

The edge inscription on the Ulysses S. Grant $1 Coin includes the year of minting (2011), the mint mark (P or D), "E Pluribus Unum," and "In God We Trust."

Are there any known errors for the Ulysses S. Grant $1 Coin?

Yes, some Ulysses S. Grant $1 Coins have been found with missing edge inscriptions. These error coins can be quite valuable to collectors.

How should I store my Ulysses S. Grant $1 Coins?

Store your Ulysses S. Grant $1 Coins in acid-free coin holders or albums to protect them from environmental damage. Avoid touching the coin surfaces directly to prevent fingerprints and scratches.

What other Presidential $1 Coins are available?

The Presidential $1 Coin Program included coins honoring all deceased U.S. presidents from George Washington through Richard Nixon. Other notable coins include those honoring John Adams, Thomas Jefferson, and Abraham Lincoln. — Balloon Fiesta 2025: Your Ultimate Guide

Conclusion

The Ulysses S. Grant $1 Coin is more than just a piece of currency; it's a tangible connection to American history. Whether you're a seasoned collector or a novice enthusiast, this coin offers a unique opportunity to explore the legacy of Ulysses S. Grant and the Presidential $1 Coin Program. Start your collection today and preserve a piece of American heritage. — Kobe Bryant's Final Words: A Look Back At His Legacy