Andrew Jackson Dollar Coin Value: A Comprehensive Guide to the "Silver Buck"

What Is an Andrew Jackson Dollar Coin?

Andrew Jackson dollar coins, commonly called "silver bucks," are one-dollar coins minted by the United States Mint from 1979 to 1981 and briefly reissued in 2001. They feature the face of former President Andrew Jackson on the obverse and an American Bald Eagle in flight on the reverse.

Types of Andrew Jackson Dollar Coins

There are two main types of Andrew Jackson dollar coins:

• Standard Issue: These coins were minted in large quantities and were intended for general circulation.
• Proof Coins: These coins are specially minted with a high-polish finish and are designed for collectors.

Precious Metal Content

The most common type of Andrew Jackson dollar coin is made of a copper-nickel alloy. However, the Mint also produced a limited number of silver and gold versions as follows:

• Silver Coins: These coins contain 0.7734 troy ounces of pure silver.
• Gold Coins: These coins contain 1 troy ounce of pure gold.

Collector Value

The collector value of Andrew Jackson dollar coins varies depending on the following factors:

• Type: Proof coins are more valuable than standard issue coins.
• Year: Coins from the first year of issue (1979) are more valuable than later years.
• Mintmark: Coins minted in Philadelphia (no mintmark) are more common than those minted in San Francisco (S) or Denver (D).
• Condition: Coins in uncirculated condition are more valuable than those with wear.

Historical Significance

The Andrew Jackson dollar coin was introduced in 1979 to replace the Eisenhower dollar, which had been in circulation since 1971. The coin faced criticism due to its size and weight, and production was discontinued in 1981. However, the coin was briefly reissued in 2001 as a collectible item to commemorate the bicentennial of President Jackson's birth.

Value of Andrew Jackson Dollar Coins

The average value of a circulated Andrew Jackson dollar coin ranges from $1 to $5, depending on the year, mintmark, and condition. However, some rare and valuable coins can command much higher prices. Here is a table summarizing the current market value of some popular varieties:

Silver and Gold Andrew Jackson Dollar Coins

The silver and gold Andrew Jackson dollar coins are much rarer than the copper-nickel versions and are highly collectible. Here is a table summarizing their current market value:

Investing in Andrew Jackson Dollar Coins

Andrew Jackson dollar coins can be a viable investment for collectors who understand the market and are willing to hold coins for long-term appreciation. However, it is important to note that the market value of coins can fluctuate based on factors such as economic conditions and supply and demand.

FAQs

1. How can I tell if an Andrew Jackson dollar coin is real?
   Authenticate the coin by verifying its weight, diameter, and design details.

2. Where can I buy Andrew Jackson dollar coins?
   Coins can be purchased from coin dealers, numismatic websites, and auction houses.

3. How do I store Andrew Jackson dollar coins properly?
   Store coins in a cool, dry place in acid-free archival holders.

4. What is the most valuable Andrew Jackson dollar coin?
   The most valuable Andrew Jackson dollar coin is the 1979-P Proof coin in high uncirculated condition.

5. What are the nicknames for the Andrew Jackson dollar coin?
   Common nicknames include "silver buck," "AJD," and "Jackson dollar."

6. Why was the Andrew Jackson dollar coin discontinued?
   The coin faced criticism due to its size and weight, leading to its discontinuation in 1981.

Additional Resources

• Andrew Jackson Dollar Coins - Numista
• Andrew Jackson Dollar Coin Values | NGC
• US Coin Values - Andrew Jackson Dollar Coins