50 Dollars, United States Assay Office of Gold, United States, 1851 (2024)

FAQs

How much is a 1851 $50 dollar gold coin worth? ›

These $50 Ingots are very rare and prices can range anywhere from $10,000 and up. Currently, the auction record stands at $14,460,000. Another high profile auction record was made in a 2008 auction by Bowers and Merena.

According to the NGC Price Guide, as of April 2024, a Gold Dollar Coin from 1851 in circulated condition is worth between $675 and $3700. However, on the open market 1851 C Gold Dollars in pristine, uncirculated condition sell for as much as $45000.

This fifty dollar octagonal gold coin—also known as a “slug”—was produced in 1851 in San Francisco. After the California gold rush began in 1849, it became apparent that a mint should be established on the West Coast to remove the need to ship the gold back to Philadelphia to be minted.

While their actual selling price (purchasing power) varies based on the spot price of gold, these coins carry face values of $5, $10, $25, and $50. These are their legal values, reflecting their issue and monetized value as "Gold Dollars", as opposed to standard bullion.

Perform a Magnet Test

Gold is a precious metal not susceptible to magnetic forces. Thus coins containing a high concentration of gold will not react during a magnet test. This test is an easy way to detect counterfeit gold coins since they often have inexpensive metals that are magnetised.

9999 fine 24-karat gold. They are investment-grade coins whose weight, content, and purity are guaranteed by the United States government. Although the coin is also legal tender, its face value of $50 is largely symbolic as the value of the gold it contains has historically been far greater.

Examine the Coin's Date

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.

In many respects, the Sacagawea dollar is a rare coin. The fact that it features a woman, alone, makes it one of very few such coins in the United States. However, the Sacagawea dollar coin is also rare because of its scarcity. Only 71 billion Sacagawea coins have been minted, and this is far fewer than other coins.

1870 $3 S Indian Princess Head Gold

One of the rarest and most unique coins in the world, the 1870 S Indian Princess Head Gold $3 piece is truly one of a kind. The San Francisco Mint struck just a single copy, which was supposed to be placed in the cornerstone of the facility's new building that same year.

Are US Mint gold coins legal tender? ›

All American Eagle Bullion Coins are legal tender coins. Although their face value is largely symbolic, it provides proof of their authenticity as official U.S. coinage. Now, you can make the world's rarest precious metal part of your financial portfolio.

The current ask purchase price for a one ounce American Gold Eagle is: 2513.00 and the current Monex bid selling price for one ounce Gold Eagle coin is: 2426.60. For full transaction details and transactional service such as price limit orders, feel free to consult with your Monex account representative.

Economic sanctions against South Africa for its policy of apartheid made the Krugerrand an illegal import in many Western countries during the 1970s and 1980s, with the United States, which had historically been the largest market for the coin, banning imports in 1985: the previous year, over US$600 million of ...

As mentioned before, the ban on private ownership of gold in the United States was implemented as an emergency measure to combat the Great Depression. The U.S. was on a gold standard at the time, meaning that the value of the U.S. dollar was tied directly to a specific amount of gold.

While gold dollar coins do have numismatic or collectable value, they're primarily valuable because of their high gold content.

The fact that it features a woman, alone, makes it one of very few such coins in the United States. However, the Sacagawea dollar coin is also rare because of its scarcity. Only 71 billion Sacagawea coins have been minted, and this is far fewer than other coins.

The 1893-S Morgan Dollar is particularly prized. With a mintage of only 100,000, finding one in good condition can command prices upwards of $300,000!