The 2016-P Ronald Reagan Presidential Dollar holds a prominent place in the U.S. Presidential Dollar series. This coin honors Ronald Reagan, the 40th President of the United States, and is the final coin released in the series that began in 2007. The series was established to commemorate every U.S. president in the order of their service. The Reagan dollar has garnered significant attention among collectors due to its historical significance, unique design, and its place as the concluding piece in the Presidential Dollar program.
Historical Significance
Ronald Reagan served as the 40th President of the United States from 1981 to 1989. His administration was marked by significant economic reforms, the end of the Cold War, and a renewed sense of optimism in America. Reagan remains one of the most revered presidents, which makes this coin a favorite among both numismatists and Reagan enthusiasts.
The Presidential Dollar series was authorized by the Presidential $1 Coin Act of 2005. While the program officially ended with the Reagan dollar in 2016, it succeeded in celebrating the legacy of 39 U.S. presidents, omitting only those who had not been deceased for at least two years by the time of the coin’s release.
Design Features
The 2016-P Ronald Reagan Presidential Dollar was minted at the Philadelphia Mint, hence the “P” mintmark. The design captures Reagan’s enduring legacy with elegant artistic detail:
- Obverse: The obverse features a portrait of Ronald Reagan, designed and sculpted by Joseph Menna. Surrounding the portrait are the inscriptions “RONALD REAGAN,” “IN GOD WE TRUST,” “40th PRESIDENT,” and “1981-1989,” marking his years of service.
- Reverse: The reverse, common to all coins in the series, depicts a dramatic image of the Statue of Liberty, designed by Don Everhart. Surrounding the image are the inscriptions “UNITED STATES OF AMERICA” and “$1.”
- Edge: The edge of the coin includes incused inscriptions of the year of minting (“2016”), the mintmark (“P”), and the national motto “E PLURIBUS UNUM.”
The coin is composed of a copper core clad with manganese brass, giving it a golden appearance. It has a diameter of 26.5 mm and a weight of 8.1 grams.
Mintages and Availability
The Philadelphia Mint produced approximately 3,220,000 Ronald Reagan Presidential Dollars for circulation. This mintage is relatively low compared to earlier releases in the series, as production of Presidential Dollars for circulation was significantly reduced after 2011 due to waning public interest.
In addition to the standard circulation strikes, the U.S. Mint also produced collector-grade versions of the coin, including:
- Uncirculated Coins: Available in special rolls, bags, and sets.
- Proof Coins: Struck at the San Francisco Mint, featuring a polished finish and sharper details.
Value and Collectibility
The 2016-P Ronald Reagan Presidential Dollar is widely available and affordable for most collectors. Circulated coins are typically worth their face value of $1, while uncirculated and proof coins fetch a premium:
- Uncirculated Coins (MS-65 or higher): Typically valued at $2 to $5.
- Proof Coins (PR-65 or higher): Priced between $5 and $10, depending on quality.
Specialized collector sets or rolls can command higher prices, especially if they are still sealed in their original packaging.
Conclusion
The 2016-P Ronald Reagan Presidential Dollar appeals to collectors due to its historical importance and status as the final coin in the series. For Reagan enthusiasts, it’s a tangible connection to a beloved president. For numismatists, it represents the conclusion of a decade-long coin program. Additionally, the relatively low mintage and attractive design make it an excellent addition to any Presidential Dollar collection.
FAQs
What is the 2016-P Ronald Reagan Presidential Dollar made of?
The coin is composed of a copper core clad with manganese brass, giving it a golden color.
Is the 2016-P Ronald Reagan Dollar valuable?
Circulated coins are worth face value, but uncirculated and proof versions can sell for $2 to $10 depending on condition.
Why is the Reagan dollar significant?
It honors the 40th President and serves as the final coin in the Presidential Dollar series.