The 1889 Gold Dollar holds a special place in American numismatics as the last year of the Gold Dollar series. This small yet significant coin is cherished for its historical importance and rarity. Collectors highly value it, not only because of its gold content but also for its exquisite design and limited availability. Let’s dive into what makes the 1889 Gold Dollar a prized possession.
What is the 1889 Gold Dollar?
The 1889 Gold Dollar was minted as part of the third type in the Gold Dollar series, known as the “Type 3” Indian Head design. The series ran from 1849 to 1889, with this particular year marking the end of production. The coin is composed of 90% gold and 10% copper, giving it both durability and intrinsic value.
Key Features of the 1889 Gold Dollar
- Design
The obverse features a stunning depiction of Liberty wearing a Native American-inspired headdress. The reverse shows a simple yet elegant wreath surrounding the denomination and date. Designed by James B. Longacre, the coin stands out as a fine example of 19th-century coin artistry. - Composition
- Weight: 1.672 grams
- Diameter: 15 mm
- Metal Content: 90% gold, 10% copper
- Mintages
The 1889 Gold Dollar was struck only at the Philadelphia Mint, with a mintage of 28,950 coins. This makes it relatively scarce compared to earlier issues in the series.
| Topic | Details |
|---|---|
| Significance | Final coin of the U.S. Gold Dollar series; marks the end of an era in American coinage. |
| Mintage | Only 28,950 minted at the Philadelphia Mint, making it scarce and desirable. |
| Design | Features Liberty with a Native American-inspired headdress on the obverse; wreath on reverse. |
| Composition | 90% gold, 10% copper; weighs 1.672 grams and measures 15 mm in diameter. |
| Historical Importance | Reflects 19th-century coinage and the evolving U.S. monetary system. |
| Value Range | – Good to Fine: $300–$500 – Extremely Fine: $700–$1,000 – Mint State: $1,500–$4,000+ |
| Rarity | Low mintage combined with limited surviving examples makes it a rare collectible. |
| Authenticity Tips | Check weight, details, and certification from grading services like PCGS or NGC. |
| Storage Tips | Store in coin capsules in a dry, controlled environment to prevent damage. |
| Investment Potential | High demand among collectors and intrinsic gold content make it a valuable investment. |
| Where to Buy | Reputable dealers, auction houses, or certified online platforms like Heritage Auctions. |
| Reason for Discontinuation | Impracticality of its small size and changing monetary needs led to its discontinuation. |
Why is the 1889 Gold Dollar Important?
- Historical Significance
As the last Gold Dollar minted, it symbolizes the end of an era in U.S. coinage. The discontinuation was due to the impracticality of such a small denomination in gold and the evolving monetary system. - Collector Appeal
Many collectors are drawn to this coin for its rarity and historical context. Its association with the closure of the Gold Dollar series enhances its desirability. - Investment Value
With its gold content and collector demand, the 1889 Gold Dollar often appreciates in value, making it a smart choice for numismatic investors.
Grading and Value
The value of an 1889 Gold Dollar depends on its condition. Coins graded by professional grading services such as PCGS or NGC generally fetch higher prices. Here are typical price ranges:
- Good to Fine: $300–$500
- Extremely Fine: $700–$1,000
- Mint State: $1,500–$4,000 or more, depending on grade and eye appeal.
FAQs
What makes the 1889 Gold Dollar special?
The 1889 Gold Dollar is significant because it was the final coin in the U.S. Gold Dollar series, marking the end of an era. Its historical importance, limited mintage, and elegant Indian Head design by James B. Longacre make it a collector’s treasure.
How many 1889 Gold Dollars were minted?
Only 28,950 coins were minted in Philadelphia, making it one of the scarcer Gold Dollars. Its low mintage adds to its rarity and value among collectors.
What is the composition of the 1889 Gold Dollar?
The coin is made of 90% gold and 10% copper. It weighs 1.672 grams and has a small diameter of 15 mm, making it one of the tiniest coins in U.S. history.
How much is an 1889 Gold Dollar worth?
The value depends on the coin’s condition:
Good to Fine: $300–$500
Extremely Fine: $700–$1,000
Mint State (Uncirculated): $1,500–$4,000 or more, depending on grade and eye appeal.
Is the 1889 Gold Dollar rare?
Yes, it’s considered rare due to its low mintage and the fact that it was the last Gold Dollar produced. Many of these coins have been lost, melted, or heavily worn, which increases the value of surviving pieces.
The 1889 Gold Dollar is more than just a coin—it’s a piece of history. Its beautiful design, limited mintage, and historical importance make it a must-have for collectors. Whether you’re a seasoned numismatist or a beginner, owning this coin is a rewarding experience that connects you to a bygone era of American coinage.
