Dollar coins have long been a fascinating subject for collectors and enthusiasts alike. Among these, the Bisentio Washington dollar coin holds a special place. This coin, part of the Presidential Dollar Coin Program, features George Washington, the first President of the United States. Understanding the value and collectibility of this coin is crucial for both seasoned collectors and newcomers to the hobby. In this guide, we will explore the various aspects that determine the worth of the Bisentio Washington dollar coin, helping you answer the question: “How much is the Bisentio Washington dollar coin worth?”
| Attribute | Details |
|---|---|
| Coin Name | George Washington Presidential Dollar Coin |
| Years Minted | 2007-2011 (Circulation), 2012-2016; 2020 (Collectors Only) |
| Mints | Philadelphia, Denver, San Francisco |
| Total Mintage | 340,360,000 (regular strike), 3,965,989 (proof mintage) |
| Obverse Designer | Joseph Menna |
| Reverse Designer | Don Everhart |
| Composition | 88.5% Copper, 6% Zinc, 3.5% Manganese, 2% Nickel |
| Mass | 8.10 grams |
| Diameter | 26.50 millimeters |
| Edge Type | Lettered (includes “E Pluribus Unum” and mint mark) |
| Face Value | $1 |
| Value Range (Circulated) | Generally face value ($1) to $12 for uncirculated coins |
| Value for MS66+ Graded Coins | Up to $20 for mint state coins; MS67+ valued at $600 |
| Position A vs. Position B | Both types have similar values at most grades; MS67 examples valued at $125 (Position A) and $335 (Position B) |
Overview of the Bisentio Washington Dollar Coin
Historical Context
The Presidential Dollar Coin Program was launched in 2007, commemorating all deceased U.S. Presidents in the order of their service. George Washington, being the first president, was naturally the first to be featured in this series. This program aimed to honor the legacy of these leaders while also encouraging the use of dollar coins in everyday transactions.
Coin Specifications
The Bisentio Washington dollar coin is composed of 88.5% copper, 6% zinc, 3.5% manganese, and 2% nickel, giving it a distinct appearance and durability. The coin weighs 8.10 grams and has a diameter of 26.50 millimeters, making it slightly larger than a quarter. These coins were minted in three locations: Denver, Philadelphia, and San Francisco, with the mint mark indicating the origin. The coins were produced in large numbers, with a total mintage of 340,360,000 for regular strikes.
Value Assessment of the Bisentio Washington Dollar Coin
General Market Value
The market value of the Bisentio Washington dollar coin varies significantly based on its condition and rarity. Circulated coins typically hold a face value of $1, while uncirculated coins can fetch higher prices depending on their grade. Factors such as the coin’s condition, mint mark, and any unique features or errors can greatly influence its value.
Grading System Explained
Coins are graded on a scale from 1 to 70, with higher numbers indicating better condition and greater value. This grading system, known as the Mint State (MS) scale, is crucial for determining a coin’s worth. A coin graded MS60 is considered uncirculated but may have noticeable marks, while an MS65 coin is in near-perfect condition with only minor imperfections.
Specific Values by Grade
For circulated coins, the value generally remains at face value unless they possess unique characteristics. Uncirculated coins, however, can vary widely in value. For instance, a 2007 P George Washington dollar coin in MS60 condition might be valued at $3, while the same coin in MS67 condition could be worth as much as $335. High-grade coins, especially those with rare minting errors, can command significantly higher prices in the collector’s market.
Collectibility Factors
Rarity and Demand
Rarity plays a pivotal role in a coin’s collectibility. While the Bisentio Washington dollar coin was minted in large numbers, certain variations and minting errors can make specific coins more desirable to collectors. The demand for these coins can fluctuate based on market trends and collector interest, impacting their overall value.
Error Coins and Their Value
Error coins, such as those missing edge lettering, are particularly sought after by collectors. These errors occur during the minting process and can significantly increase a coin’s value due to their rarity and uniqueness. Collectors often pay a premium for coins with such distinctive features, making them a valuable addition to any collection.
Buying and Selling Tips
Where to Buy
When looking to purchase a Bisentio Washington dollar coin, it’s essential to buy from trusted sources. Reputable coin shops and online marketplaces are excellent places to start. Ensure that the seller provides detailed information about the coin’s condition and any unique features it may possess.
Selling Your Coins
If you’re considering selling your coins, proper grading and documentation are crucial. Having your coins professionally graded can provide potential buyers with confidence in their authenticity and condition, potentially increasing their value. Additionally, keeping detailed records of your coins’ provenance can further enhance their appeal to collectors.
Avoiding Scams
The coin collecting world is not immune to scams. Be wary of deals that seem too good to be true and always verify the authenticity of a coin before purchasing. Familiarize yourself with common scams in the industry and take steps to protect yourself, such as buying from reputable dealers and using secure payment methods.
Resources for Collectors
Online Resources
Numerous websites and forums are dedicated to coin collecting, offering valuable information and a community of fellow enthusiasts. These platforms can provide insights into current market trends, help identify rare coins, and offer advice on building a collection.
Books and Publications
For those looking to deepen their knowledge, several books and publications are available that cover the history, value, and collectibility of coins. These resources can serve as excellent guides for both novice and experienced collectors, offering detailed information on various aspects of coin collecting.
Conclusion
In this guide, we’ve explored the various factors that determine the value and collectibility of the Bisentio Washington dollar coin. From its historical context and specifications to its market value and collectibility factors, understanding these elements can help you make informed decisions about buying, selling, and collecting these coins. Whether you’re a seasoned collector or just starting, appreciating the nuances of coin collecting can enhance your experience and potentially increase the value of your collection.
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