George Washington Gold Dollar Coin 1789 To 1797 Value
Introduction
The George Washington Gold Dollar Coin is a commemorative coin that was issued by the United States Mint from 1789 to 1797. This coin was minted to honor the first President of the United States, George Washington, who was also a famous military leader and statesman. The coin is made of gold and has a face value of one dollar. In this article, we will discuss the value of the George Washington Gold Dollar Coin and other important facts related to this historic coin.
History of the George Washington Gold Dollar Coin
The George Washington Gold Dollar Coin was first issued by the United States Mint in 1789, which was the same year that George Washington was inaugurated as the first President of the United States. The coin was minted to celebrate the inauguration of George Washington and was designed by Robert Scot, who was the chief engraver of the United States Mint at that time. The coin features the portrait of George Washington on the obverse side and an eagle on the reverse side.
Value of the George Washington Gold Dollar Coin
The value of the George Washington Gold Dollar Coin varies depending on its condition and rarity. The coin is made of 90% gold and 10% copper and has a weight of 8.359 grams. The value of the coin is determined by its grade, which is a numerical rating that is assigned by professional coin grading services. The higher the grade, the more valuable the coin is.
Factors Affecting the Value of the George Washington Gold Dollar Coin
There are several factors that can affect the value of the George Washington Gold Dollar Coin. One of the most important factors is its condition. Coins that are in pristine condition are more valuable than those that are worn or damaged. Another factor that affects the value of the coin is its rarity. Coins that were minted in smaller quantities are more valuable than those that were produced in larger numbers.
Rare Varieties of the George Washington Gold Dollar Coin
There are several rare varieties of the George Washington Gold Dollar Coin that are highly sought after by collectors. One of the rarest varieties is the 1795 Off-Center Bust Dollar, which features an off-center bust of George Washington on the obverse side. Another rare variety is the 1796 Small Date, Small Letters Dollar, which has a small date and small letters on the reverse side.
Conclusion
The George Washington Gold Dollar Coin is a historic and valuable coin that is highly prized by collectors. Its value is determined by several factors, including its condition, rarity, and grade. Collectors should always purchase coins from reputable dealers and have them graded by professional grading services to ensure that they are getting the best value for their money.