1895 Gold Eagle Coins
Coin collecting is also a popular past time for many, and coin collectors may be interested in 1895 Gold Eagle coins. Coin collectors search and find common, not so common, and rare coins for their collections. One type of these rare coins that they search for is 1895 Gold Eagle coins. These coins have become common collectibles among coin enthusiasts throughout the United States.
What are 1895 Gold Eagle Coins?
During the early years in the United States, people preferred coins to the paper bills that are preferred today. The 1895 Gold Eagle coins were created to represent a monetary value of $10.
Robert Scot designed the first Eagle. His design included one side that depicted Lady Liberty facing to the right with a turban upon her head. Today a turban upon the head would seem out of place. At the time these coins were minted, the turban was a popular head covering for everyday wear. Lady Liberty is, of course, still depicted on coins today, but in a much different fashion.
Circling around Lady Liberty along the edge of the coins were stars. The stars represented the each of the colonies that had become states. As more states were added to the United States, more stars were added to the design. After 17 states, the coin ran out of room for the number of stars required to represent each of the states.
The opposite side of the coin depicted an eagle. The eagles were depicted sitting upon the branch of a palm and held a wreath in its beak. This is probably where the Eagle coin got its name. In later years the reverse design changed. The eagle was removed and was replaced by the Great Seal of the United States or something close to it. The coins were minted from a combination of copper and gold and weighed approximately 17.5 grams.
Why Gold Eagles Are Difficult to Find
Gold Eagle coins are difficult for collectors to find because they are so rare. They are scarce due to the fact that gold was highly demanded during the Napoleonic Era. During this time period, a majority of the coins were melted and sent overseas to Europe. Here the gold was sold for profit to individuals. This activity severely damaged the United States monetary system. This is the reason that these coins were no longer minted after 1904.
What is a Gold Eagle Worth Today?
The value of any coin minted in history is often determined by its condition and its rarity. It is that the Gold Eagle coins are scarce, thus they are extremely rare. If you can manage to find one, it will be high in value. However, the condition of the coin can make it even more valuable.
The highest price paid for one of these coins on official record occurred in June of 2007. An extremely rare Gold Eagle part of the prestigious Eliasberg collection was sold in Rosemont, Illinois. The coin that was purchased had never been in circulation and had a unique appearance in regards to reflection and color. This coin, minted in New Orleans as denoted by the fact that is was an 1895-O, was sold to become part of another prestigious collection, that of Prestera, for $80,500.
Prior to the sale of this particular coin, the record for the most paid of a Gold Eagle was a coin sold at auction in 2003. A coin with a slightly lower rating than the previous one discussed was sold at a Heritage auction. The amount paid for this coin was nearly half of what was paid for the one sold in 2007. The coin was sold for a grand total of $49,450. Prior to this record, the highest amount paid for one of these coins was $23,000.
It should be noted that these higher values are not the typical values for these coins. Many of these coins have seen actual circulation, thus showing some wear. The average worth of one of these rare coins, however, is still pretty high. If you can manage to find one, you should have it appraised by a trusted coin appraiser. The average amount you should expect to receive is between $1,000 and $1,500.