How Much is a 2016 P Richard Nixon Dollar Worth Today
The 2016-P R.M. Nixon Dollar is worth anywhere from $1 in circulated condition to over $50 in high-grade uncirculated condition. If you have found one of these golden-colored coins in your pocket change, it is important to know that while most are common, certain specimens carry a premium for collectors.
The History and Design of the 2016 P Richard Nixon Presidential Dollar
The Richard M. Nixon dollar was released in 2016 as part of the Presidential $1 Coin Program, which honored deceased U.S. Presidents in the order they served. Because Nixon was the 37th President, his coin was one of the final issues in this long-running series. The “P” mint mark indicates that the coin was struck at the Philadelphia Mint. On the obverse, you will find a detailed portrait of Nixon, while the reverse features a striking image of the Statue of Liberty.
If you are unsure whether your coin is a standard business strike or something rarer, using a free coin identifier app can help you distinguish between different minting varieties instantly. For most casual hunters, the 2016-P Nixon Dollar is a fun find, but for serious collectors using CoinKnow, the focus is often on the “Position A” or “Position B” edge lettering orientations.
In 2016, the government no longer produced these coins for general circulation, meaning they were only sold in rolls and bags directly to collectors. This limited distribution makes them slightly harder to find in your everyday spare change compared to older quarters or pennies.
Determining the Market Value of Your Nixon Dollar
When assessing the value of your coin, condition is the most significant factor. Most 2016-P Nixon dollars found in the wild are considered “circulated,” meaning they have scratches or loss of luster. These are generally worth their face value of $1. However, if the coin looks brand new and shiny, it might be in “Mint State” (MS). Collectors often reference the 2016-P dollar auction records for high-grade coins to see how much pristine examples are fetching at professional sales.
Professional grading scales run from 1 to 70. A 2016-P Nixon dollar graded MS65 might sell for $5 to $10, while an extremely rare MS68 or MS69 specimen can reach prices between $40 and $100 depending on the demand. Because these coins were not released into general circulation, many remained in original rolls, keeping the supply of high-grade coins relatively steady.
Using CoinKnow can assist you in comparing your coin’s luster and strike quality against known high-value examples. It is always a good idea to check the current market trends for 2016 dollar coins before deciding to sell, as prices fluctuate based on collector interest.
2016-P Richard M. Nixon Dollar Price Guide Table
To give you a better idea of what to expect, we have compiled a price chart based on recent market data and auction results. Note that these prices reflect the “P” mint mark specimens from Philadelphia.
| Condition / Grade | Estimated Market Value |
|---|---|
| Circulated (Average Condition) | $1.00 – $1.25 |
| Uncirculated (MS60 – MS63) | $2.00 – $4.00 |
| Choice Uncirculated (MS65) | $6.00 – $12.00 |
| Gem Uncirculated (MS67+) | $25.00 – $75.00 |
Key Features and Potential Errors to Look For
One of the most unique aspects of the 2016-P Nixon Dollar is the edge lettering. Unlike traditional coins where the date and mint mark are on the face, these details are “incused” on the edge of the coin along with the motto “E Pluribus Unum.” Errors in this edge lettering are where the real money is made.
There have been instances in the Presidential series where the edge lettering was missed entirely, resulting in what collectors call “Smooth Edge” or “Godless” dollars (since “In God We Trust” was also on the edge in earlier years). For the 2016 series, “In God We Trust” moved to the obverse, but missing edge lettering remains a valuable error.
Another thing to look for is a “Double Edge Lettering” error, where the coin passes through the lettering machine twice. If you suspect you have an error coin, CoinKnow provides a high-resolution comparison tool to help you identify these tiny details. Even small imperfections from the minting process can turn a $1 coin into a hundred-dollar treasure.
FAQ About the 2016-P Richard Nixon Dollar
Q: Is the 2016-P Richard Nixon dollar made of real gold?
A: No, despite its golden appearance, the coin contains no actual gold. It is made of a manganese-brass alloy over a pure copper core. The specific composition is 88.5% copper, 6% zinc, 3.5% manganese, and 2% nickel.
Q: Why can’t I find this coin in my pocket change very often?
A: In 2011, the U.S. Treasury suspended the production of Presidential Dollars for general circulation due to a large surplus in government vaults. From 2012 through the end of the series in 2016, these coins were minted in much lower numbers and intended primarily for collectors.
Q: How can I tell if my Nixon dollar is from Philadelphia or Denver?
A: Look at the edge of the coin. You will see the year “2016” followed by either a “P” (Philadelphia) or a “D” (Denver). These marks are stamped into the side of the coin rather than on the flat surface.
