1881 James Garfield Dollar Coin Value No Mint Mark
If you are a coin collector or just interested in history, you may have come across the 1881 James Garfield dollar coin with no mint mark. This coin is a popular choice among collectors due to its rarity and historical significance. In this article, we will explore the value of the 1881 James Garfield dollar coin with no mint mark and why it is such a sought-after piece.
History of the 1881 James Garfield Dollar Coin
The 1881 James Garfield dollar coin was minted in honor of James A. Garfield, the 20th President of the United States. Garfield was assassinated on July 2, 1881, just six months after taking office. The coin was designed by George T. Morgan, who also designed the famous Morgan silver dollar.
The 1881 James Garfield dollar coin was minted in three different locations: Philadelphia, San Francisco, and New Orleans. The coins minted in Philadelphia and San Francisco have mint marks, while the coins minted in New Orleans do not. This makes the 1881 James Garfield dollar coin with no mint mark more rare than the others.
Value of the 1881 James Garfield Dollar Coin with No Mint Mark
The value of the 1881 James Garfield dollar coin with no mint mark varies depending on its condition and rarity. As mentioned earlier, the coin is more rare than its counterparts with mint marks, making it more valuable. In addition, the condition of the coin can greatly affect its value. A coin in mint condition can be worth thousands of dollars.
According to the Professional Coin Grading Service (PCGS), a 1881 James Garfield dollar coin with no mint mark in mint condition can be worth up to $10,000. A coin in circulated condition can still be worth hundreds or even thousands of dollars, depending on its condition.
Factors That Affect the Value of the 1881 James Garfield Dollar Coin with No Mint Mark
Several factors can affect the value of the 1881 James Garfield dollar coin with no mint mark. These factors include:
- Condition: As mentioned earlier, the condition of the coin can greatly affect its value. A coin in mint condition will be worth more than a coin in poor condition.
- Rarity: The 1881 James Garfield dollar coin with no mint mark is more rare than the coins with mint marks, making it more valuable.
- Historical significance: The 1881 James Garfield dollar coin has historical significance due to its association with President Garfield and his assassination. This can make the coin more valuable to collectors.
- Market demand: The value of the 1881 James Garfield dollar coin, like any other collectible, is also affected by market demand. If there is a high demand for the coin, its value will increase.
Where to Buy the 1881 James Garfield Dollar Coin with No Mint Mark
If you are interested in purchasing an 1881 James Garfield dollar coin with no mint mark, there are several places to look. Online auction sites like eBay and Heritage Auctions often have these coins available for purchase. You can also check with local coin dealers or attend coin shows to find the coin.
When purchasing a coin, it is important to be sure it is authentic and in the condition described. Look for coins that have been graded and certified by a reputable grading service like PCGS or NGC.
Conclusion
The 1881 James Garfield dollar coin with no mint mark is a rare and valuable coin that has historical significance. Its rarity and association with President Garfield make it a popular choice among collectors. If you are interested in purchasing one of these coins, be sure to do your research and purchase from a reputable source.