How much is a 1986 Ellis Island gold coin worth?

Tourist Attractions

By Laurie Baratti

Introduction to Ellis Island gold coins

Ellis Island gold coins are a series of commemorative coins issued by the United States Mint to celebrate the centennial of the Statue of Liberty and Ellis Island. These coins were minted in three versions: gold, silver, and copper-nickel. The gold version is the most valuable and sought-after among collectors and investors.

Brief history of the 1986 Ellis Island gold coin

The 1986 Ellis Island gold coin was minted to commemorate the 100th anniversary of the Statue of Liberty’s dedication and the role of Ellis Island in the immigration process. The coin features an image of the Statue of Liberty on one side and a view of Ellis Island on the other. The coin was designed by John Mercanti, the chief engraver of the U.S. Mint at the time.

The coin was issued in both proof and uncirculated versions, with a total mintage of 241,669. The proof version has a more polished finish and is considered to be of higher quality than the uncirculated version.

Specs of a 1986 Ellis Island gold coin

The 1986 Ellis Island gold coin is a 90% pure gold coin with a weight of 8.359 grams and a diameter of 21.6 mm. The coin has a face value of $5 and is legal tender in the United States. However, the value of the coin is determined by its gold content and its rarity and not by its face value.

Factors that affect the value of a 1986 Ellis Island gold coin

The value of a 1986 Ellis Island gold coin is influenced by several factors. Some of the key factors include the coin’s condition, its rarity, and the current market demand. Coins that are in excellent condition and have a low mintage are more valuable than coins with a high mintage or those that have been damaged.

Rarity of the 1986 Ellis Island gold coin in the market

The 1986 Ellis Island gold coin is considered to be relatively rare in the market. Although the total mintage was relatively high, many of these coins were melted down for their gold content. As a result, only a limited number of these coins are available in the market today, which makes them more valuable.

Evaluating the condition of a 1986 Ellis Island gold coin

The condition of a 1986 Ellis Island gold coin is an essential factor in determining its value. A coin that is in excellent condition with no signs of wear or damage is more valuable than a coin that has scratches, dings, or discoloration.

Market value of a 1986 Ellis Island gold coin today

The current market value of a 1986 Ellis Island gold coin depends on several factors, including its rarity, condition, and the current market demand. As of August 2021, the value of a proof 1986 Ellis Island gold coin is around $550, while the value of an uncirculated version is approximately $475.

Appraising a 1986 Ellis Island gold coin

To get an accurate appraisal of a 1986 Ellis Island gold coin, it is recommended to consult a professional coin appraiser. An expert can evaluate the condition of the coin, its rarity, and the current market demand to determine its value.

Auctions and sales of 1986 Ellis Island gold coins

1986 Ellis Island gold coins are commonly sold at auction houses, coin shows, and online marketplaces. Collectors and investors can also purchase these coins from coin dealers or private sellers. It is essential to research the seller and ensure the authenticity of the coin before making a purchase.

Authenticity and certification of a 1986 Ellis Island gold coin

Due to the high value of 1986 Ellis Island gold coins, it is crucial to ensure their authenticity. These coins are often certified by third-party grading services such as the Professional Coin Grading Service (PCGS) or the Numismatic Guaranty Corporation (NGC). These services verify the authenticity of the coin and assign it a grade based on its condition.

Where to sell or buy a 1986 Ellis Island gold coin

1986 Ellis Island gold coins can be bought or sold at coin dealers, auction houses, and online marketplaces. It is essential to research the seller and ensure that the coin’s authenticity has been verified before making a purchase.

Conclusion: Is a 1986 Ellis Island gold coin worth investing in?

The 1986 Ellis Island gold coin is a valuable and sought-after collector’s item. Its value is determined by several factors, including its rarity, condition, and the current market demand. Collectors and investors interested in purchasing these coins should research the seller, ensure the coin’s authenticity, and consult with a professional appraiser. Investing in 1986 Ellis Island gold coins can be a worthwhile investment for those looking to diversify their portfolio with precious metals.

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Laurie Baratti

Laurie Baratti, a renowned San Diego journalist, has contributed to respected publications like TravelAge West, SPACE, Modern Home + Living, Montage, and Sandals Life. She's a passionate travel writer, constantly exploring beyond California. Besides her writing, Laurie is an avid equestrian and dedicated pet owner. She's a strong advocate for the Oxford comma, appreciating the richness of language.

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