Today we’re going to highlight a very special coin in the Iowa senior citizen’s collection – his Liberty Five Dollar Gold Coin. The value of these coins is very high for several reasons. First of all, the coin contains gold (almost a quarter of an ounce) which gives it a much higher value than coins made with less desirable material. Secondly, the $5 denomination of coin is no longer in circulation nor is it reproduced today. Similar to other posts, we haven’t taken any coins to an appraiser, but these coins are worth over $300 in most instances. Additionally, this coin is in very good condition whereas most of the $5 Liberty coins are worn down from circulation. These coins were circulated for 70 years, starting in 1839 and ending in 1908. The date on this coin is 1880.
The first coin that we’re highlighting in this senior citizen’s collection is a 1952 Franklin half dollar. After doing just a little bit of research we found plenty of information about his special coin. Jim Bullion website had this to say about the Franklin half dollar.
“The Franklin half Dollar fifty-cent piece is a highly regarded historical coin produced by the U.S. Mint. These silver coins feature the side profile of Benjamin Franklin as well as the Liberty Bell. Franklin Half Dollars were produced for a period of 15 years, and are a favorite among collectors and coin enthusiasts for their historical significance and beautiful design. Because these coins are no longer produced, their values may continue to rise with the passage of time.”
coinstudy.com also provided some important information about where this coin was minted. There were three mints that produced this type of coin, Denver, San Francisco, and Philadelphia. Since there is no mint mark above the bell on the reverse side of the coin, it means that the coin was minted in Philadelphia. Coins that were minted in the other two locations are much more rare.
We haven’t gotten this coin appraised, but Franklin half dollars are worth between $6 and $45 today!
The next coin we’re featuring is an 1886 Morgan dollar. This coin was also not very difficult to research and find some interesting information. coinweek.com has this to say about the Morgan Dollar:
“The 1886 Morgan dollar, known more officially as the Liberty Head dollar, is a silver coin that was struck at the United States Mint in Philadelphia. Nearly 20 million 1886 Morgan dollars were made, and while the vast majority were ultimately melted, enough survive today to satisfy general collector demands. The Morgan dollar, as collectors long dubbed the series of United States dollar coins struck from 1878 through 1904 (and then once more in 1921), is named for Mint engraver George T. Morgan.”
There is also some interesting information about the model who was used for this coin,Anna Willess Williams.
“Morgan designed the Liberty head bust after the likeness of Anna Willess Williams, a Philadelphia schoolteacher who modeled for the coin. Williams received significant public recognition after her face appeared on the Morgan dollar, but she rejected the attention that was heaped upon her. She refused offers for acting roles and apparently had turned down an offer for marriage following her engagement to an unknown suitor. Before dying at the age of 68 in 1926, Williams, who sat for Morgan on the sworn condition of anonymity, rebuffed her single stint as a coin design model as little more than an “incident of my youth”.”
Again, we haven’t appraised this coin, but according to cointrackers.com an average circulated 1886 Morgan dollar is worth $45!