George Washington Dollar Coin 1789 To 1797 Value
Introduction
The George Washington Dollar Coin was issued by the United States Mint from 1789 to 1797. It was the first official currency of the United States and was named after the first President of the United States, George Washington. The coin was circulated widely during its time and is now a valuable collector's item.
History of George Washington Dollar Coin
The George Washington Dollar Coin was authorized by the Coinage Act of 1792, which established the United States Mint. The act authorized the minting of a silver dollar coin, with the portrait of the first President of the United States, George Washington, on one side and an eagle on the other side.
The coins were minted from 1794 to 1797, with a total of 135,000 coins minted. The coins were struck in Philadelphia and were made of 90% silver and 10% copper. The coins were also the first to have the words "United States of America" on them.
Design of George Washington Dollar Coin
The design of the George Washington Dollar Coin features a portrait of George Washington on the obverse side. The portrait was designed by Robert Scot, who was the Chief Engraver of the United States Mint at the time. The reverse side features an eagle with outstretched wings and the words "United States of America" and "One Dollar".
Value of George Washington Dollar Coin
The value of the George Washington Dollar Coin varies depending on its condition and rarity. The coins were circulated widely during their time, so many of them have been lost or damaged. However, some coins are still in good condition and are highly valued by collectors.
A George Washington Dollar Coin in uncirculated condition can be worth thousands of dollars. An uncirculated coin is one that has never been used and is in pristine condition. Coins that are in circulated condition can also be valuable, but their value will be lower than an uncirculated coin.
Factors That Affect the Value of George Washington Dollar Coin
There are several factors that affect the value of the George Washington Dollar Coin. These include:
- The condition of the coin
- The rarity of the coin
- The year the coin was minted
- The mint mark on the coin
Coins that are in good condition and have a low mintage are the most valuable. Coins that were minted in Philadelphia are also more valuable than coins minted in other locations.
Where to Find George Washington Dollar Coin
The George Washington Dollar Coin is a rare and valuable collector's item, so it can be difficult to find. However, there are several places where you can look for the coin, including:
- Coin dealers
- Online auction sites
- Coin shows
- Estate sales
It's important to do your research and only buy from reputable sources to ensure that you're getting an authentic coin.
Conclusion
The George Washington Dollar Coin is a valuable piece of American history and a prized collector's item. The coin was the first official currency of the United States and features a portrait of the first President of the United States, George Washington. The value of the coin varies depending on its condition and rarity, but an uncirculated coin can be worth thousands of dollars. If you're interested in collecting coins, the George Washington Dollar Coin is a great place to start.