The value of a 1797 Draped Bust dollar coin depends on several factors, including its condition, variety, and market demand.
Here’s a breakdown of the typical value ranges:
- Circulated Condition: A 1797 Draped Bust dollar in average circulated condition is worth approximately $1,030.00. Prices in circulated condition can range between $1,600 and $34,500.
- Certified Mint State (Uncirculated): A certified mint state coin (MS+) could fetch up to $103,000.00 at auction. In pristine, uncirculated condition, they can sell for as much as $480,000.
- Specific Varieties:
– 9×7 Stars, Small Letters: $2,000 – $432,000.
– 9×7 Stars, Large Letters: $1,900 – $309,000.
– 10×6 Stars, Large Letters: $1,900 – $482,500.
– 10×6 Stars, Large Letters, B-3, BB-71: $1,900 – $870,000.
Factors affecting the value:
- Condition/Grade: The better the coin’s condition (less wear, fewer blemishes), the higher its value. Professional grading services like PCGS and NGC assign a numerical grade that significantly impacts value.
- Rarity/Variety: Certain die pairings or variations in the number of stars on the coin can be rarer and thus more valuable. For example, the 9×7 and 10×6 stars refer to the arrangements of stars on the coin.
- Errors: Coins with mint errors (e.g., missing or inverted edge lettering, weak strikes) can be particularly valuable to collectors.
- Market Demand: The overall demand for Draped Bust dollars within the coin collecting community can influence prices.
To get an accurate appraisal of your specific coin, it’s highly recommended to:
- Consult a reputable coin dealer or numismatist. They have the expertise to properly identify the coin’s variety and assess its condition.
- Consider professional grading. Having your coin graded by a service like PCGS or NGC will provide a standardized and widely recognized assessment of its condition, potentially increasing its market value.
How to tell if a $1 coin is rare?
Great question! One of the easiest ways to tell if a coin is rare is to check the date. If the coin is from before 1800, it’s likely rare. Coins minted in the 19th century are also generally considered rare, with a few exceptions. Coins from the 20th century are less likely to be rare, but there are still some that meet the criteria.
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.