There were no official United States dollar coins minted in 1789. The first US dollar coin was the Flowing Hair dollar, minted in 1794.
However, some people may be referring to a George Washington Presidential Dollar Coin , which was part of a series honoring presidents in order of service. The years “1789-1797” on this coin represent Washington’s time in office, not the minting date. The Presidential Dollar Coin series began in 2007, and the George Washington dollar was the first one issued that year.
Here’s how to assess the value of a 1789-dated coin, assuming you’re referring to a George Washington Presidential Dollar:
1. Is it a circulating coin or an error coin?
- Most 2007 George Washington dollar coins are worth only their face value ($1).
- Error coins with missing or inverted edge lettering can be significantly more valuable, ranging from $100 to over $350.
2. Is it a collector coin?
- Proof versions (mirror-like finish, frosted details) and satin finish coins were specifically minted for collectors and may hold higher value.
- Some high-grade examples can command prices in the thousands of dollars.
3. What is the coin’s condition?
- The condition plays a crucial role in determining a coin’s value, particularly for error or collector coins.
- Graded coins with high evaluations (e.g., Mint State-68) can be worth a substantial amount.
In conclusion, a George Washington dollar coin dated “1789-1797” is not an original 1789 coin. It’s likely a modern commemorative coin. If it’s a circulating coin, it’s generally worth its face value unless it has a rare error. Error coins or high-grade collector examples can have significant value, but it’s important to consult with a coin expert or a reputable coin grading service like PCGS (Professional Coin Grading Service) for an accurate appraisal.
Is the George Washington $1 coin rare?
While the George Washington Dollar is not considered particularly rare due to its modern mintage, certain rare presidential dollar coins and error varieties can command significant premiums. Basic uncirculated specimens, however, remain readily available and affordable for beginning collectors.
How to tell if a $1 coin is valuable?
I can help with that. U.S. dollar coins worth money are hard to identify at a glance. Their value lies in where they were minted, their historical significance, mintage, precious metal content, whether they are error coins, and their condition.