Ungraded, in labeled holder, taken directly from U.S. Mint bag.

According to the U.S. Mint, 

"The American Innovation $1 Coin representing Kentucky recognizes the invention of bluegrass music. Bluegrass has roots in traditional English, Scottish, and Irish ballads and dance tunes, as well as in traditional African American blues and jazz.

The reverse (tails) design features a banjo, an important bluegrass instrument, tilted to one side, alluding to the rhythm and movement of the music. Inscriptions are “UNITED STATES OF AMERICA,” “BLUEGRASS,” and “KENTUCKY.”

The obverse (heads) design features a dramatic representation of the Statue of Liberty in profile with the inscriptions “IN GOD WE TRUST” and “$1.” It also includes a privy mark of a stylized gear, representing industry and innovation.

The year of minting, mint mark, and “E PLURIBUS UNUM” are incused on the edge of the coins."