Andrew Jackson Gold Dollar Value 1829 To 1837
Andrew Jackson was the seventh President of the United States, serving from 1829 to 1837. During his time in office, a new gold dollar coin was introduced, which featured his portrait. The Andrew Jackson gold dollar was minted from 2008 to 2016, but what is the value of the coins that were minted during his presidency?
The Andrew Jackson Gold Dollar
The Andrew Jackson gold dollar was first minted in 2008 as part of the Presidential $1 Coin Program, which honored each of the Presidents of the United States in the order in which they served. The coin features Jackson's portrait on the obverse, and an image of the Statue of Liberty on the reverse.
While the modern Andrew Jackson gold dollar has a face value of $1, the coins that were minted during Jackson's presidency did not have a face value. Instead, they were valued based on their weight and purity.
Gold Prices During Jackson's Presidency
During Jackson's presidency, gold prices were relatively stable, with an average price of around $19 per ounce. However, the price of gold fluctuated throughout his time in office, with a low of $17.50 per ounce in 1830 and a high of $21.50 per ounce in 1836.
The value of the Andrew Jackson gold dollar during this time was determined by its weight and purity. The coins were made of 90% gold and 10% copper, and each coin weighed 8.36 grams. Based on the price of gold at the time, the value of each Andrew Jackson gold dollar ranged from around $2.50 to $3.00.
The Impact of the California Gold Rush
In 1848, gold was discovered in California, which had a significant impact on the value of gold in the United States. As gold became more plentiful, its value decreased, and the value of the Andrew Jackson gold dollar also declined.
Today, the value of the Andrew Jackson gold dollar depends on a number of factors, including its condition, rarity, and historical significance. Some coins may be worth more than their weight in gold, while others may be worth less.
Collecting Andrew Jackson Gold Dollars
If you are interested in collecting Andrew Jackson gold dollars, there are a few things to keep in mind. First, make sure you are buying from a reputable dealer and that the coin has been certified by a third-party grading service.
You should also consider the condition of the coin, as well as its rarity. Some coins may be more valuable than others due to their mintage numbers or historical significance.
Conclusion
The Andrew Jackson gold dollar was minted from 2008 to 2016, but the coins that were minted during his presidency did not have a face value. Instead, they were valued based on their weight and purity, which ranged from around $2.50 to $3.00 during his time in office.
Today, the value of the Andrew Jackson gold dollar depends on a number of factors, including its condition, rarity, and historical significance. Collectors interested in these coins should do their research and buy from reputable dealers to ensure they are getting an authentic, valuable coin.