Expert: PAPAJACK - 4/18/2009

Question
HELLO, I HAVE 2 U.S. ONE DOLLAR GOLD COINS DATES ARE 1801-1809 WITH THOMAS JEFFERSON ON THE FRONT OF THE COINS AND ONE 1979 SILVER DOLLAR COIN. ARE MY COINS WORTH ANYTHING? THANK YOU FOR YOUR TIME AND CONSIDERATION.

Answer
Hello Connie,                

Unless you have a proof or otherwise high grade specimen they are not valuable.

The Jefferson Dollar is a modern coin part of the new Presidential Dollars being made by the USA Mint.  Starting in 2007 and producing 4 presidents each year.
They are only worth face value of one dollar. There is no gold in them at all.

The new Presidential dollar coin is supposed to have a lettered edge. The Sacagawea Dollar and 2009 Indian dollar are still being made as well with a smooth blank edge.

Any of the coins without the edge inscription are not removed from circulation they are issued as regular coins.  They have also been called God-less money since the motto “IN GOD WE TRUST” is missing.  

For Presidential dollars with edge lettering missing;
There are many reports of the edge lettering missing altogether. As for value if the edge is not inscribed depends on how much you can sell them for. They seem to be a common item and I think most collectors do not consider it a true error coin.

For Presidential dollars with edge lettering present;
The US mint has no definite direction of what side is the right direction for printing the circulated dollar coins. Many are found with the edge inscriptions facing heads and tails. I found no added value for this condition.

The 1979 Susan B. Anthony along with the Sacagawea Dollars are only selling to collectors if they have never been circulated and remain in  high Mint State Grades.

Feel free to ask me for more help or any question on US Coins.

Good Luck,  

PapaJack