Should the US Mint make modern Liberty Gold Dollars?
HalfDime
Posts: 235 ✭✭✭
The smallest gold coin ever produced by the U.S. Mint was the Gold Dollar, minted from 1849 to 1889. These coins were initially 13 mm in diameter before being increased to 15 mm, which was still smaller than a half dime. The Gold Dollar was created in response to the California gold rush and was authorized by the Act of March 3, 1849.
There were three major design types of the Gold Dollar during its production:
Liberty Head
Indian Princess (Small Head)
Indian Princess (Large Head)
Despite their small size, these Gold Dollar coins are highly sought after by collectors due to their historical significance, rarity, and value.
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The price of gold coins at the US Mint have skyrocketed the past few years to where declining sales show fewer collectors can afford to buy any gold. So I wondered what are the chances the US Mint could bring back the gold dollar coin?
I could see all three versions being sold, the Liberty Head, and Indian Princess head large and small. My guess is since they are roughly 1/20 ounce of gold, they would sell for about $300 each. Should the US Mint make the gold dollar coins again, or are they too small compared to other collectables?
Comments
those indian heads would never fly today
1/20 & 300 means 6000/toz. some might buy at first but the premium would bury people. i'd not even think about one
i dont know, people have stupid money to burn. its either/or here as well
Interesting idea.
You picked two nice ones to illustrate. I like the very heavy "Liberty" clash below the 1867 date.
No. The premiums would be outrageous.
Knowing the mint 300 would be too low.
Even if they did make them, they wouldn't be made with the same human touch artistry that you have shared with us in the classic coin images. Rather, we would get computer cut and generated images that would be perfect and also perfectly devoid of life and humanity.
In honor of the memory of Cpl. Michael E. Thompson
Yep, that's my thoughts on the new Morgan and Peace dollars. In my eyes, they are nothing but silver rounds.
It would b about the size of a pin head. Not realistic.
Many collectors don’t like small coins. I know that from my days as a dealer.
There is no reason to remake these designs. There are plenty of old coins left to satisfy collector demand. I completed the Type I and Type II without a huge search effort. It was mostly a matter of money.
The gold dollar size coin doesn’t provide much room for designs. The commemorative gold dollars are pretty much limited to a profile portrait. The only really interesting design is the reverse of the Grant gold dollars.
And as @erscolo said, given the mint’s premium pricing policy, the issue prices will make these coins unattractive purchases.
I bought the new Peace Dollar because I wanted to see the high relief design fully struck. I have no interest in keeping up with the annual issues.