GITNUX MARKETDATA REPORT 2024

Valuable Gold Dollar Coins Statistics

Gold dollar coins, particularly rare or historical versions, hold significant value due to their limited availability and desirability among collectors and investors.

Last Updated: June 20, 2024

Written & Summarized by: Jannik Lindner

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In this post, we will explore a fascinating array of statistics revolving around valuable gold and dollar coins. From record-breaking sales prices to historical production figures and intriguing numismatic facts, these figures shed light on the enduring allure and monetary significance of these precious metal coins.

Statistic 1

"The 1794 Flowing Hair Silver Dollar, sold for $10 million in 2013, is considered the most valuable coin in the world."

Statistic 2

"The 1933 Double Eagle gold coin, worth $20 face value, was sold for $7.59 million in 2002."

Statistic 3

"The US Mint produced about 1,839,823 ounces of GOLD in 2019."

Statistic 4

"Pure gold coins from United States Mint, American Eagle Gold Bullion Coins, are 22 karats, or .9167 fine."

Statistic 5

"The price of gold increased by 24% in 2020, reaching over $1,800 an ounce."

Statistic 6

"In 2012, a single 1933 Saint Gaudens Double Eagle gold coin sold at auction for $7,590,020."

Statistic 7

"American Buffalo Gold Bullion Coins are the first .9999 fine 24-karat gold coins ever struck by the United States Mint."

Statistic 8

"Approximately 30 million ounces of gold have been minted into coins since 1800."

Statistic 9

"Only 1,376,833 American Buffalo gold coins have been sold since their introduction in 2006."

Statistic 10

"The 1804 Draped Bust dollar is one of the most coveted coins in U.S. numismatics, with 15 known examples. One example fetched more than $4.1 million at auction in 1999."

Statistic 11

"The cost of producing a penny is 2.06 cents, while a nickel costs 7.53 cents. Gold dollars, however, hold a significantly higher value than their production costs."

Statistic 12

"In 2011, a dealer paid almost $50,000 for a 1999-W $10 American Gold Eagle. The coin is known for its error where the "W" mark is missing."

Statistic 13

"About 10% of gold is used in coinage or in the financial stores of governments."

Statistic 14

"The first purely gold coins were manufactured in the Asia Minor kingdom of Lydia in 560 B.C."

Statistic 15

"The U.S. discontinued the gold standard in 1933 and completely abandoned it in 1971."

Statistic 16

"In 2010, a 1907 Saint Gaudens High-Relief Wire Rim eagle coin fetched a record price of $2.76 million at auction."

In conclusion, the world of valuable gold and dollar coins is a fascinating intersection of history, rarity, and monetary value. From the iconic 1794 Flowing Hair Silver Dollar to the modern American Eagle Gold Bullion Coins, these coins hold a special place in numismatics. The fluctuating price of gold, historical auctions fetching millions, and the unique characteristics of various coins all contribute to the allure of collecting and investing in these precious metal assets. The production, sale, and historical significance of gold coins continue to play a pivotal role in both the numismatic world and the broader financial landscape, making them a valuable and sought-after commodity for collectors and investors alike.