George Washington Gold Dollar Coin 1789 To 1797
The George Washington Gold Dollar Coin is a coin that was minted by the United States Mint from 1789 to 1797. It was the first gold coin to be minted by the United States and was issued in honor of the first President of the United States, George Washington.
Design of the Coin
The George Washington Gold Dollar Coin features the bust of George Washington on the obverse side of the coin. The reverse side of the coin features an eagle with outstretched wings, holding arrows and an olive branch in its talons. The eagle is surrounded by the words "UNITED STATES OF AMERICA" and "E PLURIBUS UNUM."
History of the Coin
The George Washington Gold Dollar Coin was first authorized by the Coinage Act of 1792, which established the United States Mint. The act authorized the minting of gold coins, including the George Washington Gold Dollar Coin, as a way to help establish the monetary system of the new nation.
The coin was minted in Philadelphia, which was the location of the United States Mint at the time. The coin was minted in three different types: the Small Eagle, the Large Eagle, and the Heraldic Eagle.
Value of the Coin
The value of the George Washington Gold Dollar Coin varies depending on its condition and rarity. The Small Eagle and Large Eagle coins are considered to be more valuable than the Heraldic Eagle coin because they were minted for a shorter period of time.
The value of the coin can range from a few hundred dollars to tens of thousands of dollars, depending on its condition and rarity. The coin is highly sought after by collectors and investors alike because of its historical significance and rarity.
Conclusion
The George Washington Gold Dollar Coin is a significant piece of American history and a valuable collector's item. Its design and historical significance make it a sought-after coin among collectors and investors alike. If you are interested in collecting coins or investing in rare coins, the George Washington Gold Dollar Coin is definitely worth considering.