The value of a 1789 George Washington Peace and Friendship Coin (or more accurately, a medal) can vary depending on its condition, size, and metal composition.
Here’s a breakdown of common values:
- Bronze medals:
– 1 5/16 inch (approximately 33mm) bronze medals sell for around $20.
– 3 inch (approximately 76mm) bronze medals can range from $15 to $160, depending on condition and source.
– You can purchase these directly from the U.S. Mint.
- Other metals and conditions:
– A circulated 1-inch medal (possibly bronze or a similar alloy) is listed for sale at $24 on eBay.
– A bronze coin described as a “commemorative” and in “pre-owned” condition is listed for $25.
– A bronze medal in “GEM BU Brand New Sealed” condition is listed for $21.50.
– A large (75mm/7oz) bronze medal with high fineness (0.9999) is listed for $125.49.
– A “white metal” 3-inch medal with wear is listed at a significantly higher price of $1018.71.
– A silver example of the 1789 medal sold for $1,500 in 2006, highlighting the value of precious metal compositions.
Important Notes:
- Medals, not currency: These “coins” are actually medals, not official currency, and were not intended for circulation.
- Condition is key: The condition of the medal significantly impacts its value, with uncirculated and well-preserved pieces commanding higher prices.
- Exonumia: These items fall under the category of “exonumia” or medal collecting.
- Buyer beware: Be cautious when purchasing from online marketplaces and ensure the seller is reputable.
What is the Washington Indian Peace Medal?
New “Indian Peace Medals” finally saw the light of day in 1792 and were enthusiastically received by Tribal leaders. Each oval-shaped medal featured an image of George Washington, the “Great Father” himself, dressed in his general’s uniform sharing a peace pipe with a traditionally dressed American Indian Warrior.