George Washington Gold Dollar 1789 To 1797 Value
George Washington, the first President of the United States, was honored through a gold dollar coin issued by the United States Mint from 1789 to 1797. The George Washington Gold Dollar was minted in honor of his contributions to the country and the American Revolution. The coin has since become a valuable collectible item, with its value varying depending on several factors. In this article, we will take a closer look at the George Washington Gold Dollar 1789 to 1797 value and everything you need to know about this piece of history.
History of the George Washington Gold Dollar
The George Washington Gold Dollar was authorized by Congress on March 3, 1791, as part of the Mint Act of 1792. The coin was designed by Robert Scot, the first Chief Engraver of the United States Mint. The obverse side of the coin features the portrait of George Washington, while the reverse side depicts an eagle with outstretched wings and a wreath in its beak. The coin was minted in three different sizes: the half eagle, the eagle, and the double eagle. The gold content of the coin was also changed several times during its production.
Factors that Affect the Value of the George Washington Gold Dollar
The value of the George Washington Gold Dollar is determined by several factors, including its condition, rarity, and historical significance. The condition of the coin is a crucial factor in determining its value. Coins that are in good condition and have not been damaged are more valuable than those that are in poor condition. Rarity is another factor that affects the value of the coin. The fewer the number of coins that were minted, the more valuable they are. Finally, the historical significance of the coin is also a factor in determining its value. Coins that have a significant historical background or were owned by famous people are more valuable than those that do not.
How to Determine the Value of the George Washington Gold Dollar
There are several ways to determine the value of the George Washington Gold Dollar. One way is to consult with a professional coin dealer or appraiser. These experts can provide you with an accurate assessment of your coin's value based on its condition, rarity, and historical significance. Another way is to check auction houses and online marketplaces such as eBay to see how much similar coins are selling for. You can also check coin grading services such as the Professional Coin Grading Service (PCGS) and Numismatic Guaranty Corporation (NGC) to get an idea of the coin's condition and value.
Recent Sales of the George Washington Gold Dollar
The value of the George Washington Gold Dollar has increased over time, with recent sales reaching up to $20,000 or more. In 2018, a George Washington Gold Dollar coin sold for $17,500 in a Heritage Auctions sale. In 2019, another George Washington Gold Dollar sold for $19,200 in a Stack's Bowers Galleries auction. The value of the coin is expected to increase further in the future, making it a valuable collectible item for coin enthusiasts and history buffs alike.
Conclusion
The George Washington Gold Dollar 1789 to 1797 value is determined by several factors, including its condition, rarity, and historical significance. The coin has become a valuable collectible item, with recent sales reaching up to $20,000 or more. Whether you are a coin collector or a history buff, the George Washington Gold Dollar is a fascinating piece of history that represents the contributions of one of America's greatest leaders.