The 2016-P Richard M. Nixon Dollar is worth anywhere from $1.15 in circulated condition to over $50 in high-grade uncirculated condition. Part of the Presidential $1 Coin Program, this coin honors the 37th U.S. President and remains a popular find for casual collectors and history buffs alike.
| Condition | Estimated Value |
|---|---|
| Circulated (Pocket Change) | $1.00 – $1.25 |
| Uncirculated (MS63) | $3.00 – $5.00 |
| Gem Uncirculated (MS65+) | $15.00 – $50.00+ |
Understanding Your 2016-P Nixon Presidential Dollar
If you just found a shiny gold-colored coin featuring the face of Richard Nixon, you might be wondering if you’ve struck it rich. After all, the 2016 series marked the final year of the Presidential $1 Coin Program, making these coins slightly more elusive than those minted a decade earlier. To get an accurate reading on your find, many collectors recommend using the best coin identifier app to distinguish between common business strikes and higher-value specimens. By 2016, the U.S. Mint had already stopped producing Presidential dollars for general circulation, meaning these coins were primarily sold in rolls and bags directly to collectors.
Because they weren’t released into general commerce by the Federal Reserve, most Nixon dollars you find today will likely be in “Uncirculated” condition. However, “Uncirculated” is a broad term. In the world of professional numismatics, a coin with even tiny scratches from rubbing against other coins in a bag can lose significant value. Using a tool like CoinHix can help you determine if your coin has those “bag marks” or if it is a pristine “Gem” that could fetch a premium price at auction.
Detailed Price Guide for 2016-P Nixon Coin Grades
The value of the 2016-P Nixon dollar is heavily dependent on its numerical grade, ranging from 1 to 70. Since most of these coins were kept in mint packaging, the average coin found in a drawer will typically grade between MS60 and MS63. Coins in this range are worth slightly more than their face value, reflecting the cost of shipping and storage for collectors. If you are comparing your coin to other modern dollars, you may notice that the 2016-P Native American Dollar value follows a similar trajectory, as both were minted under limited-production rules for collectors.
When you move into the “Gem Uncirculated” grades like MS66 or MS67, the price jumps significantly. This is because collectors are looking for perfection—coins without any visible blemishes under 5x magnification. For those curious about how these prices compare to other coins released the same year, the 2016 dollar coin worth statistics show that demand remains steady for high-grade 2016 issues. Below is a breakdown of what you can expect to see in terms of market pricing for the Philadelphia (P) mint mark.
| Grade (Mint State) | Current Market Value |
|---|---|
| MS60-62 | $2.00 – $3.50 |
| MS63-64 | $4.50 – $7.00 |
| MS65 | $12.00 – $18.00 |
| MS66 | $25.00 – $45.00 |
| MS67 | $100.00+ |
Key Features of the Nixon Presidential Dollar
The obverse (front) of the coin features a dignified portrait of Richard M. Nixon, the 37th President of the United States. His term dates (1969-1974) and his name are clearly visible. The reverse shows a stunning depiction of the Statue of Liberty, which remained consistent across the entire Presidential series. What often confuses new collectors is the absence of the date and the mint mark on the front or back of the coin.
Unlike standard quarters or pennies, the 2016 Nixon dollar features “edge-incused lettering.” This means if you look at the thin side of the coin, you will find the year “2016,” the mint mark “P” (for Philadelphia), and the national motto “E Pluribus Unum.” This unique design choice was part of a movement to give modern coins a more classic, “uncluttered” look. If your coin is missing this lettering entirely, it could be a rare error coin worth hundreds of dollars. You can use CoinHix to photograph the edge and see if your coin matches known minting errors.
Production Mintage and Scarcity Factors
In the early years of the Presidential Dollar program (2007-2011), the U.S. Mint produced hundreds of millions of coins for each president. By the time they reached Richard Nixon in 2016, interest had cooled, and the Treasury Department had stopped circulating the coins for use in vending machines or change. Consequently, the mintage for the 2016-P Nixon dollar is significantly lower than that of George Washington or Abraham Lincoln dollars.
| Mint Location | Mintage (Millions) |
|---|---|
| Philadelphia (P) | 5,460,000 |
| Denver (D) | 4,480,000 |
With only about 5.4 million coins minted in Philadelphia, this coin is technically harder to find than billions of circulating quarters. While “scarcity” doesn’t always equal “high value,” it does mean that the coin will likely retain a premium over its face value long-term. If you have a full, unopened roll of 2016-P Nixon dollars, the value is often higher than the sum of the individual coins because collectors value the preservation of the original mint packaging.
Tips for Selling Your Nixon Dollar Coin
If you decide to sell your 2016-P Nixon dollar, you should first realize that selling a single $1 coin on eBay might not be profitable after shipping fees and seller commissions. Instead, consider grouping it with other coins from the 2016 set, such as the Gerald R. Ford or Ronald Reagan dollars. This makes the “lot” more attractive to collectors who are looking to complete their sets in one go.
Before listing your coin, ensure you have taken high-quality photos. Specialized apps like CoinHix can provide a digital archive of your collection, making it easier to share your inventory with potential buyers. Look for “Full Luster”—this refers to the satiny shine the coin has when it catches the light. If the coin has a dull, grayish appearance, it has likely been “circulated” and will only be worth a dollar to most buyers. Always check the edges for the “P” mint mark, as the “D” (Denver) mint mark versions have slightly different mintage numbers and values.
FAQ
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Q: Is the 2016-P Richard Nixon Dollar made of real gold?
A: No, the coin is composed of a manganese-brass alloy over a pure copper core. It has a golden appearance but contains no actual gold.
Q: Why is my 2016 Nixon dollar missing the date?
A: The date is not on the front or back; it is stamped into the edge of the coin. If the edge is smooth and truly lacks any lettering, you may have a valuable “Missing Edge Lettering” error.
Q: Where can I spend a 2016-P Nixon dollar?
A: It is legal tender, meaning you can spend it at any store or bank for $1. However, since its collector value is often $2 or more, spending it at a store is generally not recommended.
Q: How can I tell if my coin is from Philadelphia or Denver?
A: Look at the edge of the coin. You will see a small “P” for Philadelphia or a “D” for Denver alongside the year 2016.
