1881 1 Dollar Gold Coin James Garfield Value
Introduction
The 1881 1 dollar gold coin James Garfield value is a topic of interest for many collectors and investors. These coins were minted in 1881 to honor the memory of James A. Garfield, the 20th President of the United States. Garfield was assassinated in September 1881, just six months after taking office. The coin was designed by Charles E. Barber, who was the Chief Engraver of the United States Mint at the time.The 1 dollar gold coin was part of the Garfield Memorial series, which also included a half dollar and a $5 gold piece. The coins were minted in Philadelphia, with a total mintage of 10,000 pieces. The coins were sold to the public for $3 each, with the proceeds going towards the construction of a memorial to Garfield in Washington D.C. The memorial was never built, and the funds were eventually used for other purposes.
The Design of the Coin
The obverse of the coin features a portrait of James A. Garfield, facing to the right. Above the portrait is the inscription "James A. Garfield President United States Born Nov. 19, 1831 Died Sep. 19, 1881." Below the portrait is the date "1881."
The reverse of the coin features the American eagle with outstretched wings. Above the eagle is the inscription "United States of America" and below the eagle is the denomination "One Dollar." The eagle is holding an olive branch and arrows in its talons, representing peace and strength.
The Value of the Coin
The value of the 1881 1 dollar gold coin James Garfield depends on several factors, including its condition, rarity, and historical significance. The coin is made of 90% gold and 10% copper, with a weight of 1.672 grams and a diameter of 15 millimeters. The coin has a face value of $1, but its actual value is much higher.
The value of the coin can range from a few hundred dollars to several thousand dollars, depending on its condition. A coin that is in excellent condition and has been well-preserved can fetch a higher price than one that is damaged or worn. Coins that have been graded by a professional grading service can also command a higher price.
The rarity of the coin can also affect its value. The 1881 1 dollar gold coin James Garfield has a total mintage of 10,000 pieces, which is relatively low compared to other coins of the era. However, the survival rate of the coin is unknown, as many may have been melted down or lost over time.