Republic Of The Marshall Islands 5 Dollar Coin 1989 Value
Introduction
The Republic of the Marshall Islands is a small nation made up of over 1,000 islands and atolls in the Pacific Ocean. The country is known for its beautiful beaches, clear waters, and rich history. In the late 1980s, the Republic of the Marshall Islands issued a 5 dollar coin that has become a popular collectible among coin enthusiasts. This article will examine the value of this coin and why it is so sought after.
The Design
The 1989 Republic of the Marshall Islands 5 dollar coin features a design of the famous explorer Christopher Columbus. The coin is made of copper-nickel and has a diameter of 38.6mm. On the obverse side, you will find the image of Columbus holding a flag with three ships in the background. The reverse side features the national emblem of the Republic of the Marshall Islands, including a stylized shield with a frigate bird and a coconut tree.
Rarity
One of the reasons why the 1989 Republic of the Marshall Islands 5 dollar coin is so valuable is its rarity. Only 25,000 of these coins were minted, making them a limited edition collectible. The coins were produced by the Sunshine Mint, which is known for producing high-quality coins with intricate designs.
Condition
The condition of the coin also plays a significant role in determining its value. Coins that are in excellent condition, with no signs of wear or damage, are more valuable than those that are scratched, chipped, or have other defects. To determine the condition of a coin, collectors use a grading system that ranges from poor to perfect. Coins that are graded as "uncirculated" or "proof" are in the best condition and are worth the most.
Market Value
The value of the 1989 Republic of the Marshall Islands 5 dollar coin varies depending on its condition and other factors. As of 2021, the coin is worth between $20 and $50 USD in uncirculated condition. However, a coin that is in perfect condition and has been well-preserved can be worth much more. Coins that have been graded by a professional grading service are also worth more than those that have not.
Collecting Tips
If you are interested in collecting the 1989 Republic of the Marshall Islands 5 dollar coin, there are a few things to keep in mind. First, make sure you are buying from a reputable dealer. Look for dealers who are members of a professional organization, such as the American Numismatic Association. Second, pay attention to the condition of the coin. Look for coins that are in excellent condition and have been well-preserved. Third, consider having your coins graded by a professional grading service. This will give you a better idea of their value and make them easier to sell in the future.
Conclusion
The 1989 Republic of the Marshall Islands 5 dollar coin is a rare and valuable collectible that is sought after by coin enthusiasts all over the world. Its limited edition status, intricate design, and excellent condition make it a must-have for any serious collector. If you are interested in adding this coin to your collection, be sure to follow the collecting tips outlined in this article and buy from a reputable dealer.