Franklin Pierce, the 14th President of the United States, is honored through the issuance of the Franklin Pierce Dollar Coin. This article delves into the history, features, collectibility, and preservation of this commemorative currency.
Introduction to Franklin Pierce Dollar Coin
The Franklin Pierce Dollar Coin is part of the Presidential $1 Coin Program, established under the Presidential $1 Coin Act. This initiative aimed to honor former U.S. presidents by featuring their likenesses on circulating dollar coins.
History and Background
The Presidential $1 Coin Act
Enacted in 2005, the Presidential $1 Coin Act mandated the production of a series of golden-colored dollar coins featuring the images of deceased U.S. presidents, in the order of their service.
Design and Production
The Franklin Pierce Dollar Coin, minted by the United States Mint, features a portrait of Pierce on the obverse and a depiction of the Statue of Liberty on the reverse. These coins are struck using a process that ensures high-quality production standards.
Features of the Franklin Pierce Dollar Coin
Obverse Design
The obverse of the Franklin Pierce Dollar Coin showcases a detailed likeness of the 14th President, accompanied by inscriptions of his name and the years of his presidential term.
Reverse Design
On the reverse side, the coin features a depiction of the Statue of Liberty, a symbol of American freedom and democracy.
Collectibility and Value
Rarity and Mintages
The Franklin Pierce Dollar Coin, like other coins in the Presidential $1 Coin Program, has varying levels of rarity depending on the minting year and production numbers. Some editions may be more sought after by collectors due to lower mintages.
Market Value
The value of Franklin Pierce Dollar Coins in the numismatic market can fluctuate based on factors such as condition, demand, and historical significance.
Where to Find Franklin Pierce Dollar Coins
Banks and Financial Institutions
Some banks may distribute dollar coins through their branches, allowing customers to obtain Franklin Pierce Dollars through routine transactions.
Coin Shows and Dealers
Coin collectors and enthusiasts often frequent coin shows and seek out reputable dealers to acquire specific coins, including the Franklin Pierce Dollar Coin.
How to Preserve and Store Franklin Pierce Dollar Coins
Proper Handling
To maintain the condition of Franklin Pierce Dollar Coins, collectors should handle them with care, avoiding direct contact with fingers and storing them in protective holders.
Storage Options
Storing coins in a cool, dry environment, such as a coin album or airtight capsules, can help prevent damage from environmental factors.
The Legacy of Franklin Pierce
Presidential Achievements
Franklin Pierce, although controversial, served as President from 1853 to 1857. His legacy includes efforts to maintain the Union and support for westward expansion.
Historical Significance
Despite facing challenges during his presidency, Franklin Pierce’s contributions to American history are commemorated through the issuance of the Franklin Pierce Dollar Coin.
Read Also: Introduction to the Andrew Jackson $1 Dollar Coin
Conclusion
The Franklin Pierce Dollar Coin serves as a tangible tribute to the 14th President of the United States, offering collectors and history enthusiasts alike an opportunity to connect with the nation’s past.
FAQs About Franklin Pierce Dollar Coin
- Are Franklin Pierce Dollar Coins rare?
- While some editions may have lower mintages and thus be considered rarer, the overall availability of Franklin Pierce Dollar Coins depends on factors such as circulation and collector demand.
- Where can I purchase Franklin Pierce Dollar Coins?
- Franklin Pierce Dollar Coins can be obtained from banks, financial institutions, coin shows, and reputable dealers specializing in numismatics.
- What is the value of Franklin Pierce Dollar Coins?
- The value of these coins varies based on factors such as condition, rarity, and demand in the numismatic market.
- How should I store my Franklin Pierce Dollar Coins?
- It’s advisable to store Franklin Pierce Dollar Coins in protective holders or storage options designed to prevent damage from environmental factors.
- What is the significance of the Statue of Liberty on the reverse of the Franklin Pierce Dollar Coin?
- The Statue of Liberty symbolizes American ideals of freedom and democracy, making it a fitting emblem on the reverse of the coin alongside the likeness of President Pierce.
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