A United States one-dollar coin was issued in 2014 honoring John Tyler, the tenth President of the United States. This coin is part of the Presidential $1 Coin Program, which was authorized by the Presidential $1 Coin Act of 2005. The obverse features a portrait of the former president, while the reverse displays a rendition of the Statue of Liberty. Edge-incused inscriptions include the year of minting, mint mark, “E Pluribus Unum,” and “In God We Trust.”
The Presidential $1 Coin Program served to honor each deceased U.S. president in order of their term of service. This initiative aimed to revitalize interest in presidential history and encourage coin collecting. The circulating dollar coins were intended to be widely used in commerce; however, public adoption was limited, and the coins primarily became collector’s items. The issuance provided historical context and artistic interpretations of presidential figures, fostering numismatic interest and education.
The legacy of the Presidential $1 Coin Program extends beyond circulation. The coin serves as a tangible representation of U.S. presidential history. Further exploration will examine the specific design elements, mintage figures, and market value fluctuations associated with this numismatic item.
1. Presidential $1 Coin
The “John Tyler gold dollar” exists solely as a component within the larger context of the Presidential $1 Coin Program. This program, authorized by the Presidential $1 Coin Act of 2005, mandated the United States Mint to produce dollar coins honoring each deceased U.S. president in order of their term. The “John Tyler gold dollar,” issued in 2014, is thus one specific instantiation of the broader Presidential $1 Coin series. The act provides the legal framework and defines the characteristics that each coin within the series must adhere to, influencing design elements, metal composition (manganese brass clad), and intended purpose, which was circulation, though it primarily became a collector’s item.
The significance of understanding the “Presidential $1 Coin” program is critical for appreciating the historical and numismatic context of the “John Tyler gold dollar.” For example, the legislation dictated the inclusion of “E Pluribus Unum” and “In God We Trust” on the coin’s edge, a feature common to all coins within the series. Furthermore, the limited public adoption of these dollar coins meant that the “John Tyler gold dollar” shared the same fate as its counterparts: while intended for circulation, it primarily exists as a collector’s item, its value driven by its relative scarcity, condition, and historical significance within the series. Without the Presidential $1 Coin Act, the “John Tyler gold dollar” would not exist.
In conclusion, the “John Tyler gold dollar” is intrinsically linked to the Presidential $1 Coin Program. This program established the framework, design constraints, and historical purpose of the coin. Comprehending this connection is essential for appreciating its value, its place within numismatic history, and its significance as a tangible representation of the tenth U.S. president. While the coins were intended for broad usage, their limited adoption shifted their importance to the collector’s market.
2. 2014 Issue
The year 2014 is inextricably linked to the “John Tyler gold dollar” as it denotes the specific period of its issuance. This timing is not arbitrary; it reflects the established protocol of the Presidential $1 Coin Program, which mandated that coins be released in order of presidential succession following a president’s death. John Tyler, the tenth president, having passed away in 1862, became eligible for commemoration within the program, and the year 2014 was designated for his coin’s release according to the program’s schedule. Therefore, the “2014 Issue” is a causal factor in the coin’s existence as it represents the culmination of the program’s pre-set timeline for honoring past presidents. Without the year 2014, the “John Tyler gold dollar” would not have been produced.
Further, the “2014 Issue” designation has a direct impact on the numismatic value and collectibility of the “John Tyler gold dollar.” Coin collectors often prioritize coins based on their year of issue, mintage figures for that specific year, and the overall condition of the coin. Understanding that the “John Tyler gold dollar” is a “2014 Issue” allows collectors to research the coin’s mintage numbers for that year, compare it to other Presidential $1 Coins, and assess its relative rarity. For example, if the 2014 mintage of the “John Tyler gold dollar” was lower than other years, its value would likely increase. Similarly, any errors specific to the 2014 mintage could further enhance its desirability among collectors. Thus, “2014 Issue” provides collectors with a specific data point crucial to evaluating the coin’s value.
In summary, the “2014 Issue” is an essential aspect of the “John Tyler gold dollar,” dictating its existence as part of a pre-determined program timeline. It also functions as a critical factor influencing the coin’s numismatic value by helping collectors determine its relative scarcity, any unique features, and overall market demand. This date acts as a point of reference for collectors and enthusiasts interested in the historical context and value of this particular Presidential $1 Coin. Without the 2014 designation, evaluating the coins market value will be almost impossible.
3. John Tyler
John Tyler, the tenth President of the United States, is the central historical figure commemorated by the “john tyler gold dollar.” Without John Tyler’s presidency, there would be no basis for the coin’s existence. The coin serves as a tangible representation of his time in office (1841-1845) and his contributions, however controversial, to American history. His unexpected ascension to the presidency following William Henry Harrison’s death established a precedent for presidential succession, a significant event in constitutional history. The coin, therefore, acts as a reminder of this pivotal moment and his subsequent actions as president. Tyler’s policies, such as his stance on states’ rights and his conflict with the Whig party, are indirectly referenced by the coin as it prompts reflection on his legacy. Without his unique place in the timeline of U.S. presidents, the coin would have no subject to honor.
The inclusion of John Tyler’s portrait on the obverse of the coin directly links the physical object to the historical person. The design choices, such as the specific portrait used and the inscriptions accompanying it, all contribute to the narrative being presented about Tyler’s presidency. For example, the phrases “E Pluribus Unum” and “In God We Trust,” inscribed on the edge, reflect core American values that, rightly or wrongly, are associated with his era. Furthermore, the coin’s status as part of the Presidential $1 Coin Program reinforces Tyler’s position within the broader context of American leadership. The practical implication of this connection is that the coin serves as an educational tool, encouraging individuals to learn more about John Tyler, his presidency, and the challenges he faced.
In conclusion, John Tyler is an indispensable component of the “john tyler gold dollar.” His presidency provides the historical foundation for the coin’s existence, and his image serves as its central symbol. The coin’s practical significance lies in its ability to prompt engagement with Tyler’s complex legacy, fostering a deeper understanding of American history and the evolution of the presidency. The coin’s value extends beyond its monetary worth, embodying historical significance and offering a means to connect with the past, despite any inherent limitations in portraying a nuanced historical figure on a small coin.
4. United States Mint
The United States Mint is the sole entity responsible for the production and distribution of the “john tyler gold dollar.” Understanding its role is crucial to comprehending the coin’s origins, design, and intended purpose.
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Authorization and Creation
The United States Mint operates under the authority of the U.S. Congress, which passes legislation authorizing the creation of commemorative coins like the “john tyler gold dollar.” The Presidential $1 Coin Act of 2005 specifically mandated the Mint to produce these coins. Therefore, without Congressional authorization and the subsequent action of the Mint, the “john tyler gold dollar” would not exist.
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Design and Production
The Mint’s team of engravers and designers creates the coin’s design, subject to legal requirements and historical accuracy. For the “john tyler gold dollar,” this involved selecting a suitable portrait of Tyler and designing the reverse featuring the Statue of Liberty. The Mint then oversees the physical production of the coins, ensuring they meet specific standards for metal composition (manganese brass clad), weight, and diameter. Any variations or errors introduced during production are of interest to collectors, affecting value.
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Distribution and Circulation
While the Presidential $1 Coin Program aimed to introduce these coins into general circulation, the “john tyler gold dollar,” like others in the series, primarily became a collector’s item due to limited public demand. The Mint initially distributed the coins through banks and directly to collectors via their website. The ultimate circulation (or lack thereof) directly impacts the coin’s availability and, consequently, its numismatic value. Scarcity driven by low circulation tends to increase collector demand and prices.
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Quality Control and Authentication
The United States Mint is responsible for maintaining the quality and authenticity of its coins. While counterfeiting is a concern for all currency, the Mint implements security measures to deter such activities. Collectors often rely on the Mint’s reputation for quality when assessing the genuineness and condition of the “john tyler gold dollar.” Factors such as strike quality and surface preservation are essential for determining its grade and worth.
In summary, the United States Mint’s influence on the “john tyler gold dollar” is all-encompassing, from its legal creation and design to its production, distribution, and assurance of authenticity. All these contribute to the coin’s standing as a collectible piece of American history. Without the Mint’s role and adherence to legal mandates, the coin would not exist. Its influence remains a key element when assessing its significance and potential value.
5. Gold Color
The term “gold color” when applied to the “john tyler gold dollar” is a crucial, yet often misunderstood, descriptor. It is important to clarify that the coin is not actually made of gold. The coins appearance is intended to evoke the precious metal, but its composition consists of manganese brass clad, giving it a golden hue.
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Material Composition
The “john tyler gold dollar,” like other coins in the Presidential $1 Coin Program, is composed of an outer layer of manganese brass bonded to a core of copper. This layering creates a visually appealing golden color resembling that of actual gold, while utilizing less expensive materials. This approach balances aesthetic appeal with cost-effectiveness for mass production.
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Visual Appeal and Design Intent
The use of “gold color” was a deliberate design choice intended to increase the coins attractiveness and perceived value. The golden hue is visually associated with wealth and importance. The intention was to encourage public acceptance and circulation. The coins designers sought to imbue it with a sense of significance fitting of its subject, the tenth President of the United States.
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Misconceptions and Consumer Expectations
The “gold color” designation can lead to misconceptions among the general public. Some individuals may mistakenly believe the coin contains actual gold content, inflating its perceived value. This misunderstanding can lead to disappointment when individuals realize the coin’s composition. Clear communication from the U.S. Mint is essential to manage consumer expectations and avoid misleading claims.
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Numismatic Considerations
From a numismatic perspective, the “gold color” is a feature contributing to the coins overall aesthetics and collectability. The quality and consistency of the golden hue impact the coin’s visual appeal and thus potentially influence its value among collectors. Any variations in the coloring, such as differences in tone or luster, can be points of interest for collectors.
In conclusion, the term “gold color” as it relates to the “john tyler gold dollar” is a significant but potentially misleading characteristic. It describes the coin’s visual appearance achieved through the use of manganese brass clad, rather than actual gold content. The gold color was intended to enhance the coin’s appeal. The visual aspect is an important element in its overall design and collectability but can also create misconceptions about its material composition and intrinsic value.
6. Coinage Act
The relationship between a specific “Coinage Act” and the “john tyler gold dollar” is indirect but fundamental. No single Coinage Act directly authorizes this coin. The “john tyler gold dollar” exists because of a later Act building upon principles laid down by earlier Coinage Acts.
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Establishment of a Monetary System
Early Coinage Acts, such as the Coinage Act of 1792, established the United States Mint and defined the nation’s monetary system. This foundational legislation laid the groundwork for all subsequent coinage, including the legal basis for creating and issuing coins with specific denominations and compositions. Without this initial establishment, any later act, including the one authorizing the “john tyler gold dollar,” would be impossible.
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Authorization of Commemorative Coins
Later Coinage Acts granted the U.S. Congress the power to authorize commemorative coins. While early acts focused on standard coinage for circulation, later legislation permitted the minting of coins to honor specific events, individuals, or places. This evolution in coinage policy created the legal pathway for programs like the Presidential $1 Coin Act, which, in turn, authorized the “john tyler gold dollar.”
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The Presidential $1 Coin Act of 2005
The Presidential $1 Coin Act of 2005 specifically authorized the Presidential $1 Coin Program. The Act stipulated the creation of dollar coins honoring deceased U.S. presidents in order of their term of service. It defined the coin’s design characteristics, including the requirement to feature a portrait of the president on the obverse and the Statue of Liberty on the reverse. The “john tyler gold dollar” is a direct result of this specific Coinage Act.
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Amendments and Modifications
Coinage Acts are frequently amended or modified over time to reflect changing economic conditions and societal priorities. Amendments might alter the composition of coins, adjust their denominations, or modify the criteria for commemorative coin programs. Understanding the specific amendments relevant to the Presidential $1 Coin Act provides further context for understanding the “john tyler gold dollar” and its place within U.S. coinage history.
In summary, while no single “Coinage Act” solely dictates the existence of the “john tyler gold dollar,” it exists because of foundational legislation establishing a monetary system, evolving laws permitting commemorative coins, and, most directly, the Presidential $1 Coin Act of 2005. Understanding these interconnected legislative actions provides a complete picture of the legal framework underlying the coin’s creation.
7. Numismatic Value
The “john tyler gold dollar,” as a collectible coin, possesses numismatic value derived from factors beyond its face value. This value is determined by various market forces and attributes appealing to collectors.
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Rarity and Mintage Figures
A primary driver of numismatic value is the coin’s rarity. This is directly related to the number of coins minted. Lower mintage figures typically lead to higher demand and increased value. Information on the specific mintage figures for the “john tyler gold dollar” from the United States Mint provides collectors with a benchmark for assessing its scarcity relative to other Presidential $1 Coins. Error coins, such as those with missing edge lettering, also increase value.
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Condition and Grading
The physical condition of the “john tyler gold dollar” significantly impacts its numismatic value. Coins are graded based on a standardized scale. The highest grades, indicating uncirculated or pristine condition, command premium prices. Collectors consider factors such as luster, surface marks, and wear when assessing a coin’s grade. Professional grading services, such as PCGS and NGC, authenticate and grade coins, providing a standardized assessment of their condition, increasing buyer confidence. These higher grades are difficult to achieve due to the coin being mishandled.
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Historical Significance and Collector Demand
The historical significance of the individual commemorated, John Tyler, and the coin’s place within the Presidential $1 Coin Program influences collector demand. Periods of increased historical interest, such as anniversaries or biographies, can temporarily elevate demand. General interest in presidential history and coin collecting also sustains a base level of demand for the “john tyler gold dollar”.
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Market Trends and Economic Factors
Broader market trends and economic factors impact the numismatic value of all coins, including the “john tyler gold dollar.” Fluctuations in the precious metals market (though this coin contains no precious metals, investor sentiment still affects perceived value) and the overall health of the economy influence collector spending and investment decisions. Economic downturns may decrease discretionary spending on collectibles, while periods of economic growth can increase demand.
In conclusion, the numismatic value of the “john tyler gold dollar” is a complex interplay of rarity, condition, historical significance, and market forces. Collectors analyze these factors when assessing the coin’s worth, and fluctuations in any of these elements can impact its market price. Despite not containing gold, investor activity affects the coin. The coin is a collectible which is impacted by these influences.
8. Collector’s Item
The “john tyler gold dollar” exists primarily as a collector’s item, a status largely determined by its limited circulation and the numismatic interest it generates. The Presidential $1 Coin Program, while intending to introduce these coins into everyday commerce, ultimately resulted in their widespread retention by collectors. The coins are primarily acquired and preserved for their historical significance and aesthetic appeal rather than used in transactions. The coins are largely unseen in any sort of business or trade, making most of them collector’s items.
The classification as a collector’s item has significant implications for the “john tyler gold dollar.” It determines its valuation, driven by factors such as rarity, condition, and historical demand. The coins trade hands within specialized markets, such as coin shows, online auctions, and through dedicated numismatic dealers. This categorization also influences how the coin is perceived and handled. Collectors take precautions to preserve its condition, storing it in protective holders and handling it with care to prevent damage that could diminish its value. The coins are generally not seen in use, as they are seen as having higher value than one dollar.
The identification of the “john tyler gold dollar” as a collector’s item is critical to understanding its overall significance and economic impact. Its value and demand are driven by the specific interests and preferences of coin collectors, not by its purchasing power in mainstream commercial exchanges. The practical implications are substantial for anyone seeking to buy, sell, or assess the coin’s worth; they must consider the dynamics of the numismatic market. This reliance on collecting and collectors is important to value the coins.
Frequently Asked Questions
This section addresses common inquiries and dispels misconceptions regarding the “john tyler gold dollar,” providing objective and concise answers.
Question 1: Is the “john tyler gold dollar” actually made of gold?
No. The “john tyler gold dollar” is not made of gold. It is composed of manganese brass clad, giving it a golden color. The term “gold dollar” refers to its denomination and appearance, not its metallic composition.
Question 2: What is the face value of the “john tyler gold dollar?”
The face value of the “john tyler gold dollar” is one United States dollar ($1). However, its numismatic value, driven by collectibility, may significantly exceed its face value.
Question 3: Is the “john tyler gold dollar” still in circulation?
While intended for circulation, the “john tyler gold dollar” and other coins in the Presidential $1 Coin Program were not widely adopted for everyday transactions. They primarily exist as collector’s items.
Question 4: How can the value of a “john tyler gold dollar” be determined?
The value is determined by consulting numismatic resources, such as price guides, auction results, and dealer appraisals. Condition, mintage figures, and market demand are key factors influencing its worth.
Question 5: Where can a “john tyler gold dollar” be purchased or sold?
These coins can be purchased or sold through coin dealers, numismatic auctions, online marketplaces, and coin shows. It is essential to verify the authenticity and condition of the coin before engaging in any transaction.
Question 6: What is the significance of the “john tyler gold dollar” within the Presidential $1 Coin Program?
The “john tyler gold dollar” represents the tenth president of the United States within the Presidential $1 Coin Program, which aimed to honor deceased presidents in order of their term of service. It serves as a tangible representation of U.S. presidential history.
In summary, the “john tyler gold dollar” is a manganese brass clad coin with a face value of one dollar, primarily existing as a collector’s item due to limited circulation. Its numismatic value depends on factors such as condition, rarity, and market demand.
The following sections will delve into preservation techniques and resources for further research on the “john tyler gold dollar” and related numismatic subjects.
Preservation and Handling Tips for the “john tyler gold dollar”
Proper preservation and handling techniques are critical to maintaining the numismatic value and aesthetic appeal of the “john tyler gold dollar.” These procedures minimize damage and ensure long-term preservation.
Tip 1: Handle with Care: Always handle the coin by its edges to avoid transferring oils and contaminants from fingers to the surface. Fingerprints can etch into the coin’s surface over time, diminishing its luster and grade.
Tip 2: Use Protective Holders: Store the “john tyler gold dollar” in inert, archival-quality holders, such as Mylar flips or hard plastic cases. These holders protect the coin from scratches, abrasions, and environmental exposure.
Tip 3: Control Environmental Conditions: Store the coin in a cool, dry place with stable temperature and humidity levels. Avoid direct sunlight, which can fade the coin’s color and accelerate deterioration. High humidity can promote corrosion or tarnish.
Tip 4: Avoid Cleaning: Refrain from cleaning the “john tyler gold dollar,” as cleaning can damage the surface and reduce its numismatic value. Collectors generally prefer coins with original surfaces, even if slightly tarnished. If professional cleaning is deemed necessary, consult a numismatist.
Tip 5: Regular Inspection: Periodically inspect the coin for any signs of deterioration, such as spotting, discoloration, or surface changes. Early detection allows for timely intervention to prevent further damage.
Tip 6: Documentation: Keep records of the coin’s provenance, purchase date, and any relevant information. This documentation enhances its historical significance and provides valuable context for future collectors.
Tip 7: Insurance Coverage: Consider insuring the “john tyler gold dollar,” especially if it possesses significant numismatic value. Insurance protects against loss, theft, or damage.
Adherence to these preservation and handling tips safeguards the “john tyler gold dollar,” preserving its condition and enhancing its long-term value as a collectible item.
The final section will provide a list of numismatic resources useful for further exploration of the “john tyler gold dollar” and related coins.
Conclusion
The preceding analysis has provided a comprehensive overview of the “john tyler gold dollar.” The exploration has encompassed its historical context within the Presidential $1 Coin Program, its design elements and material composition, the legislative framework that authorized its creation, and the factors influencing its numismatic value. The information presented clarifies common misconceptions and provides practical guidance on preservation techniques.
The “john tyler gold dollar” serves as more than mere currency; it functions as a tangible link to the past, embodying a specific moment in United States history. Continued research and careful preservation will ensure its valueboth monetary and historicalendures for future generations. Further exploration of numismatic resources is encouraged to deepen understanding of this unique piece of Americana.
