1885 E Pluribus Unum One Dollar Coin Value
If you are a collector of rare coins, you might be interested in the 1885 E Pluribus Unum One Dollar Coin. This coin is known for its unique design and historical significance. In this article, we will discuss the value of this coin and why it is so rare.
History of the 1885 E Pluribus Unum One Dollar Coin
The 1885 E Pluribus Unum One Dollar Coin was minted by the United States government in 1885. It was part of a series of coins that were created to celebrate America's 100th anniversary. The coin features the words "E Pluribus Unum" on the front, which means "out of many, one." This phrase is still used as the national motto of the United States.
The design of the coin was created by George T. Morgan, who was a British sculptor. Morgan's design featured Lady Liberty on the front of the coin, with a wreath of cotton and wheat surrounding her head. The reverse side of the coin featured an eagle with its wings spread wide, holding arrows and an olive branch in its talons.
Why is the 1885 E Pluribus Unum One Dollar Coin so Rare?
There were only 930,000 of these coins minted, which makes them relatively rare compared to other coins from the same time period. However, the real reason that this coin is so rare is that most of them were melted down shortly after they were minted. The government needed the silver to create more coins, so they melted down many of the 1885 E Pluribus Unum One Dollar Coins.
Today, there are only a few hundred of these coins in existence. This makes them highly sought after by collectors, and their value has increased over time.
How Much is the 1885 E Pluribus Unum One Dollar Coin Worth?
The value of the 1885 E Pluribus Unum One Dollar Coin can vary depending on its condition and rarity. A coin that is in poor condition may only be worth a few hundred dollars, while a coin that is in excellent condition could be worth tens of thousands of dollars.
One example of a rare 1885 E Pluribus Unum One Dollar Coin sold for $881,250 at an auction in 2013. This coin was in excellent condition and had been graded by a third-party grading service, which helped to verify its authenticity and quality.
Conclusion
The 1885 E Pluribus Unum One Dollar Coin is a rare and valuable coin that is highly sought after by collectors. Its unique design and historical significance make it a fascinating piece of American history. If you are lucky enough to own one of these coins, it is important to have it appraised and graded by a reputable third-party grading service to determine its true value.