Gold dollar coin

How many of you have lost a penny? Plenty I am sure and most of us would be un affected by it's loss. Well it may hurt a little on losing a dime but one would definitely not lament on that loss. Well let's see, what if you lose a dollar? And what if you lose a gold dollar?? Yes you have read it correctly, a gold dollar.

You must be thinking that you surely know of the huge silver dollars which are practically impossible to lose, but what is it all about a gold dollar?

Many of us do not know that from 1849 to 1889 gold dollars were struck by the US mint. They started producing these coins as the quantum of gold produced from California gold rush increased. In 1849 twenty gold coins ere issued. The cold coins served a two fold purpose, it made proper use of the surplus gold of the California field and it also gave US a standard coin.

Earlier the trade in gold was unregulated. People bought and sold gold in the form of gold nuggets and in the form of gold dust. There would be unfair price escalation and unfair trade practices were very common. Once the government came up with its own standard gold coins the trade practices were regulated to a large extent.

The gold coin that was first produced was a very small coin. The coins minted from 1849 to 1854 were only 13 mm in diameters. Although given its size it is quite likely to lose it, but losing this would certainly be very painful. The value of this coin was equal to the average daily pay of a person of those times.

In 1855 the coin underwent a change; it retained its weight and purity but was much thinner. This coin was 15mm and was thinner than the previous one.

Till the US went off the gold coins both these coins were in circulation.

Investing in coins is actually a great idea. Gold is the most stable of all metals, it does under go wear and tear it is malleable and you can convert it in to any form and the value of gold is never likely to decrease. In fact if you invest in these gold coins you can be that proud owner of a coin that was may be used by Lord of Lydia!

Gold is an investment that you can actually hold in your hand and unlike your investment in the equity market you don't even have to worry about an economic downturn.

The golden dollar coin deviates from the tradition of the normal coins. The specialty of this coin is that its obverse side contains the portrait of Sacagawea; this lady looks directly in to the eyes of the person who is holding the coin. The model used to portray Sacagawea was a present day Shoshone college student. The obverse of the coin has an amazing impact on any person who is holding, the lady in the picture has dark mesmerizing eyes, which completely enthralls the person.

On this coin, Sacagawea is not alone; she is carrying her six months old infant son. She gave birth to her son in the middle of the expedition and named him Jean Baptise.

If the obverse of the coin is enchanting then the reverse of the coin beautifully complements the overall theme as well. There reverse of the coin has the picture of an eagle, which is encircled by 17 stars. These stars represent the 17 states that were present at the time of the expedition.

The renowned sculptor Glenna Goodacre created this winning obverse side. The works of this famous sculptor can never be overemphasized. Her works speak for it. She was world famous for her portraits of infants and her works have gained their rightful place in various national, corporate and international collections. Some of her works, which have gained wrld wide acclaim, are the bronze portraits including Dwight D. Eisenhower, Kathrine Anne Porter and many more. Good care is also the proud maker of 71/2 feet standing portrait of President Ronald Reagan for the National Cowboy Hall of Fame in the Okhlama city and Regan presidential Library in LosAngeles.

The original design created by Goodcare was finally modified slightly for the purpose of the final design. But the essence of the sculpture was kept intact.

In addition to the specifications provided by the Dollar coin act, the secretary of the required certain additions to the coins which were as follows.

It required that the Obverse must depict one or more woman but could not depict a living person.

The reverse side had to depict an eagle.

The coin should have the sane properties that all the coins that are in circulation in the US have.

There are certain physical compositions of the coin that distinguishes it. The coin has a golden color. It has an extra wide border, it also has a smooth edge like that of nickel and has an especially designed alloy.

The exact weight of this coin is 8.1 grams . It is 2mmin thickness and 26.5mm in diameter.