This 1889 dollar coin is in the Smithsonian to honor the contributions of the U.S. Mint. The coin was issued during the first half of the 19th century, when the U.S. was in the middle of a recession. It’s one of my favorite coins because it shows the value of gold coinage.
At its highest point of value, it was worth between $5,200 and $10,000. In today’s currency, that coin would be worth about $5.5 million.
I’m going to need a new wallet.
The coin is one of those things that was probably made out of all sorts of different metals and even all sorts of different colors like this one. The only thing that kept it from being an all-out, one-of-a-kind design were the odd-looking details that show the date and its denomination. But it’s actually one of those things that’s very much at home in a collection.
Well, that’s pretty much the same as the coin as it’s currently available. But because it takes a while to get a coin’s worth, I have to go into my wallet and buy more. And since I’ve been collecting coins since I was about 2-3 years old, I have a collection of some of them. So, I’m happy with the coin I got today in the last month or so.
I was pretty much the same with my dollar coin. I was buying them one at a time so I could have them all. But, thats fine with me. I actually love the idea of coins. I had one that just had a dollar on it and a small one that had a quarter. But Ive always been a coin collector so I dont have any particular thing to be sad about.
In the US, the 1889 dollar is the very first dollar coin to be minted. It was created in 1792 as part of the New York state issue of a new coin to be used as a replacement for the 1792 New York dollar. It has been in circulation since then.
The 1889 dollar is also the very first dollar coin to feature an image of the Statue of Liberty, symbolizing the United States’ first major step into the world of global commerce. It was the first coin to be struck in both American gold and silver, and was the first dollar coin to be entirely struck in copper, also the most common metal used by the American Mint.
Of all the issues of coins in circulation, the 1889 dollar is the only one to have both gold and silver.
Now that we’re talking gold and silver, let’s talk about the gold content. The 1889 dollar had a gold content of 20.8%, making it the world’s highest gold coin until the 1980s. However, the gold content of the dollar coin was reduced from 20.8% in 1894 when the United States adopted the gold standard, to 17.3% in 1933 when the United States finally adopted a dollar-for-dollar exchange rate.