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The 2011-P U.S. Grant Dollar is worth anywhere from $1.25 in circulated condition to over $50 in high-grade mint state. While most coins found in your pocket change are only worth their face value, certain high-quality specimens or rare errors can command a much higher price from dedicated collectors.
| Condition / Grade | Estimated Market Value |
|---|---|
| Circulated (Average Wear) | $1.00 – $1.25 |
| Uncirculated (MS60-MS63) | $2.50 – $5.00 |
| Choice Uncirculated (MS65) | $10.00 – $18.00 |
| Gem Quality (MS67+) | $45.00+ |
Understanding the 2011-P Ulysses S. Grant Dollar
The 2011-P Ulysses S. Grant Presidential Dollar was released as part of the United States Mint’s Presidential $1 Coin Program. This specific coin honors the 18th President of the United States, Ulysses S. Grant, a key figure in the American Civil War.
If you are trying to identify this coin at home, using a top coin identifier app can help you confirm the strike and mint mark instantly. This coin features the portrait of Grant on the obverse and the Statue of Liberty on the reverse.
The “P” mint mark indicates it was produced at the Philadelphia Mint. Because these coins were minted in huge quantities—over 37 million for the Philadelphia strike alone—they are not naturally rare. However, finding one in perfect, “business strike” condition is becoming harder for collectors today.
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Using the CoinKnow app can help you distinguish between a standard coin and one that might have extra value due to its preservation state.
2011-P Ulysses S. Grant Coin Grade and Pricing
When determining the price of your 2011-P U.S. Grant dollar, the “grade” is the most important factor. Grading refers to the amount of wear and tear the coin has experienced since it left the mint.
Most Grant dollars found in jars or piggy banks are “circulated,” meaning they have scratches or dullness. These typically sell for just a small premium over their face value. However, coins that were plucked from original bank rolls and kept in protective sleeves can fetch much more.
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You can check the specific current market value for high-grade 2011 dollars to see how much collectors are paying for “Mint State” (MS) examples.
| Grade Designation | Description | Price Range |
|---|---|---|
| MS63 | Noticeable marks but full luster | $3 – $6 |
| MS65 | Few marks, very attractive strike | $12 – $20 |
| MS66 | Nearly perfect to the naked eye | $25 – $40 |
| MS67 | Exquisite quality, very rare | $60 – $150 |
Key Characteristics: The Edge Lettering
One unique feature of the 2011-P U.S. Grant Dollar is the edge lettering. Unlike older quarters or pennies, the year, mint mark, and the motto “E Pluribus Unum” are inscribed on the side of the coin.
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This was done to allow for a larger portrait on the face of the coin. If you find a Grant dollar with a smooth edge—meaning no writing on the side—you have found a rare “Missing Edge Lettering” error.
Error coins are the holy grail for casual hunters. Before you assume you have an error, double-check with CoinKnow to see what a genuine edge looks like. Errors can increase the collector value of 2011 presidential coins by hundreds of dollars.
Mintage Figures for the 2011 Grant Dollar
To understand why some coins are common and others are rare, you have to look at how many were made. In 2011, the U.S. Mint was still producing these for general circulation, but public interest in dollar coins was declining.
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The Philadelphia Mint (P) produced 37,940,000 Grant dollars. The Denver Mint (D) produced a similar amount (38,080,000). While these numbers sound high, they are much lower than the hundreds of millions produced for George Washington in 2007.
Lower mintage years generally lead to higher long-term value. Because the 2011 series sits in the middle of the program, it is favored by collectors who are trying to complete a full set of all 45 presidents.
| Mint Location | Mintage Total | Commonality |
|---|---|---|
| Philadelphia (P) | 37,940,000 | Common |
| Denver (D) | 38,080,000 | Common |
| San Francisco (S – Proof) | 1,972,429 | Scarce |
How to Identify Potential Errors on Your Coin
Errors happen during the high-speed minting process. For the Grant dollar, common errors include “Double Dies” (where the image looks blurry or doubled) or “Off-Center Strikes” (where the image isn’t centered on the metal disc).
If you see something “funky” about your coin, don’t clean it! Cleaning a coin with chemicals or a brush actually lowers its value. Collectors prefer the natural patina and aging of the metal.
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Instead, use CoinKnow to scan the coin and see if other collectors have reported similar errors. A documented error on a 2011-P Grant dollar can turn a $1 coin into a $50 piece instantly. Professional authentication is usually required for high-value error claims.
Is Investing in 2011 Grant Dollars Worth It?
Many people ask if they should save these coins as an investment. For the average person, holding onto one or two nice-looking 2011-P Grant dollars is a fun hobby, but it won’t likely make you rich.
However, if you can find “Position A” or “Position B” variations in perfect condition, these can grow in value over the next decade. Position A refers to the edge lettering being upside down when the portrait is face up, while Position B is right-side up.
The value of these coins is heavily tied to the “Registry Set” market—collectors who compete to own the highest-graded version of every single presidential dollar ever made.
FAQ
Q: Is the 2011-P Grant dollar made of real gold?
A: No. While it has a golden color, the coin is actually made of a manganese-brass alloy over a pure copper core. There is no actual gold in the coin.
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Q: Where is the mint mark on a 2011 Grant dollar?
A: The mint mark (P, D, or S) is located on the edge of the coin, not on the front or back. You have to turn the coin on its side to see the “P” indicating Philadelphia.
Q: Why do some 2011 Grant dollars have “upside down” writing on the edge?
A: This is actually normal! The edge lettering was applied randomly. About 50% of the coins have the writing “upside down” (Position A), and 50% have it “right-side up” (Position B). Neither is significantly more valuable than the other.
Q: Can I spend a 2011-P Ulysses S. Grant dollar at the store?
A: Yes, it is legal tender and worth exactly one dollar at any business or bank in the United States. However, it’s always worth checking its condition first to see if it’s worth more to a collector!