United States Coins

United States coins were first minted by the new republic in 1792, with new coins being produced every year since then. Today, United States coins exist in denominations of $0.01, $0.05, $0.10, $0.25, $0.50, and $1.00. Bullion and commemorative coins have also been minted, all of which have been produced by the United States Mint. There are various coins minted in the United States that are very collectable, ranging from the first minted coins to the newly minted state quarters.


Some of the most collectible coins are those that are no longer in circulation, especially those that came in denominations that are no longer used. The smallest denomination of gold currency was the gold dollar coin, which was produced between 1849 and 1889. The five dollar gold coin, also known as the half eagle or Indian head coin was produced between 1795 and 1929. Some commemoratives are still available, but this was the first gold coin ever minted by the United States. The double eagle, a 20 dollar gold coin, was given its name since it was worth twice the value of a typical eagle. A 50 dollar gold coin, also called a half-union, was only minted as a commemorative coin, and weight over 2 ounces of almost pure gold. The US Gold Eagle coin was considered the base unit for gold coinage, which determined the name for many of the gold coins that are no longer in circulation. The California gold coin collection is one of the most highly collected collections in the world, due mostly to the fact that many of the denominations are no longer in circulation.

50-dollar-gold-coin

50 Dollar Gold Coin

A silver coin collection is also a very popular coin collection in the United States, and also consists of many United States coins that are no longer in circulation. The half dime coin, which is now called a nickel, was a silver coin valued at five cents that was about half the size of a dime at the time. Another popular US silver coin is the silver dollar coin, which was minted between 1794 and 1803. It was then replaced by the 1804 silver dollar, which is one of the rarest United States coins in the entire world. The Morgan dollar, a silver coin minted between 1878 and 1921, is a silver coin named after its creator, George T. Morgan. It is one of the most collected silver coins, especially those minted in the year 1921.

A Buffalo nickel, also called Indian head nickel, was a five cent piece minted between 1913 and 1938. It was designed by James Earle Fraser, and many mistakes were spotted soon after it went into circulation. The words FIVE CENTS were the highest spot on the coin, and wore away fairly easily with normal wear and tear. Finding a Buffalo nickel in decent condition is a very rare opportunity. A liberty nickel is another popular collecting piece, and was minted between 1883 and 1912. They were quickly copied by con artists, because they contains a roman number V on the back without the word CENTS. It was later added, but replaced in 1913 with the Buffalo nickel mentioned above.

The Presidential coin collection is a fairly new collection, which many hope will be as popular as the recently minted states quarters. The plan is to mint dollar coins honoring past United States Presidents. No coins can be issued for living presidents or presidents who passed then less than two years earlier, but the U.S. Mint plans on releasing four new dollar pieces each year until 2016.

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