1989 One Tenth Ounce Five Dollar Gold Coin
The 1989 One Tenth Ounce Five Dollar Gold Coin is a popular collectible for those who appreciate the beauty and value of rare coins. This coin was minted in 1989 by the United States Mint and has a face value of five dollars. It is a fractional gold coin, meaning that it contains one tenth of an ounce of pure gold.
Design
The obverse of the coin features a portrait of Lady Liberty, which was designed by Augustus Saint-Gaudens. Lady Liberty is depicted holding a torch in her right hand and an olive branch in her left hand. The reverse of the coin features a bald eagle in flight, designed by Miley Busiek.
Value
The value of the 1989 One Tenth Ounce Five Dollar Gold Coin is determined by a number of factors, including its condition, rarity, and demand. As a fractional gold coin, its value is closely tied to the price of gold. As of August 2021, the spot price of gold is around $1,800 per ounce, which means that the melt value of the coin is approximately $180.
However, the numismatic value of the coin can be much higher than its melt value. For example, a coin that is in excellent condition and has been certified by a reputable grading service can sell for several hundred dollars or more. Rare varieties or coins with unusual errors can be worth even more.
History
The 1989 One Tenth Ounce Five Dollar Gold Coin was part of a series of fractional gold coins that were introduced by the United States Mint in 1986. The series was known as the American Eagle Gold Bullion Coins and included coins in one ounce, half ounce, quarter ounce, and one tenth ounce sizes.
The purpose of the American Eagle Gold Bullion Coins was to provide an affordable way for investors to buy gold bullion, as well as to provide a collectible series for coin enthusiasts. The coins were minted at the West Point Mint and were made of 22-karat gold.
Conclusion
Overall, the 1989 One Tenth Ounce Five Dollar Gold Coin is a beautiful and valuable coin that is highly sought after by collectors and investors alike. Whether you are a seasoned coin collector or just starting out, this coin is a great addition to any collection. With its rich history, stunning design, and solid gold content, it is sure to be a cherished piece for years to come.