Just minutes ago the James Madison Presidential $1 Coins officially entered into circulation and are available at U.S. banks and other financial institutions.
The Madison Dollar is the fourth and last presidential coin released this year.
Madison is known as the Father of the Constitution. Having heard himself referenced that way, Madison protested by saying the Constitution was not "the off-spring of a single brain," but "the work of many heads and many hands."
The Mint press release regarding the availability date of Madison circulating coins sited an excellent excerpt from one of his many writings:
“The happy union of these States is a wonder: their Constitution a miracle: their example the hope of Liberty throughout the World.”
Finding the James Madison $1 coins in banks or circulation could be difficult…
As a note of warning, finding presidential $1 coins in circulation or in banks has proven to be a difficult endeavor in many areas of the U.S.
Although you’ll pay a premium, another option is to purchase Madison Dollars directly from the United States Mint. They offer the presidential $1 coins in 250-coin bags and 25-coin rolls that can be purchased with either the Philadelphia, "P", or Denver, "D", mint mark.
Here are direct links to each with their prices:
- 2007 James Madison $1 Coin 25-Coin Roll, Philadelphia, $35.95
- 2007 James Madison $1 Coin 25-Coin Roll, Denver, $35.95
- 2007 James Madison $1 Coin 250-Coin Bag, Philadelphia, $319.95
- 2007 James Madison $1 Coin 250-Coin Bag, Denver, $319.95
Special coin collector versions of the James Madison $1 Coins
Collector versions of the Madison coins – both proof and uncirculated – have been available for some time now.
There is talk that individual proof coins for each presidential dollar may be made available at some point. But at least for now, you’ll have to purchase the 4-coin, 2007 United States Mint Presidential $1 Coin Proof Set™ ($14.95). Or, the special Silver 4-coin, 2007 United States Mint Silver Proof Set™ ($44.95).
Finally, the 28-coin 2007 United States Mint Uncirculated Coin Set®
Set ($22.95) also cointains two Madison $1 coins.
Previous Presidential $1 coins
If you missed out on the previous presidential dollars this year, you can still purchase them from the U.S. Mint. These coins are::
- George Washington $1 Coin on February 15
- John Adams $1 Coin on May 17
- and the Thomas Jefferson $1 Coin on August 16
You’ll find each listed for sale on the Mint’s Presidential $1 Coin Bags and Rolls page.