Contrary to the look and feel of the recent United States Mint editions of the Sacagawea Gold Dollar and the Presidential Gold Dollar series, the coins are not, in fact, a gold dollar. They are simply called “Gold Dollar” as an aftermarket nickname because of their color, resembling a gold dollar. The truth is, these coins, which are affectionately called a gold dollar by a wishful public, are actually made of brass, thus leaving their value at simply a dollar.
However, America has produced an actual gold dollar in the distant past. The Liberty Head Gold Dollar was the first actual gold dollar to be produced within the United States. It was the first representative of three designs in a forty year line of the gold dollar that existed in production only in the 19th century. The Liberty Gold Dollar design had a short run of just five years before it was supplanted by the Indian Princess Gold Dollar of the small head design. This particular gold dollar had an even shorter run of just three years before giving way to the Indian Princess Gold Dollar of the large head design.
The latter of the Indian Princess Gold Dollar designs lasted throughout the rest of the run of gold dollar production in the United States. The weight of the gold dollar is 1.672 grams and the composition is akin to the many other American gold coins of the era: 90 percent gold and 10 percent copper. The gold dollar has many key dates and better dates in its limited run, especially dut to the fact that the gold dollar was well used in the migration of pioneers to the Western United States, leaving very few high quality examples of the gold dollar existing today.
Not to mention the fact that in many years during the production of the gold dollar, mintages were kept very low. If you have an authentic gold dollar as part of your collection and would like to have it professionally evaluated or would like to sell it and are looking for the best cash offer, just call or come in to any of the Nevada Coin & Jewelry locations serving the greater Las Vegas area today and let our coin professionals help you. And, if you have any of the post 1999 brass dollar that looks like a gold dollar, rest easy in knowing that your brass “gold dollar” is still spendable at any business in America.