What is the value of a 1987 $5 gold coin? The 1987 $5 gold coin is a valuable and desirable coin for collectors.
Editor’s Note: This topic is important to those who own or are interested in purchasing a 1987 $5 gold coin.
To help you make an informed decision, we’ve put together this guide to the 1987 $5 gold coin, including information on its value, rarity, and history.
Key Differences:
| 1987 $5 Gold Coin | |
|---|---|
| Mintage | 2,192,000 |
| Composition | 90% gold, 10% copper |
| Weight | 8.359 grams |
| Diameter | 21.59 mm |
Main Article Topics:
- Value of the 1987 $5 Gold Coin
- Rarity of the 1987 $5 Gold Coin
- History of the 1987 $5 Gold Coin
- Collecting the 1987 $5 Gold Coin
1987 5 Dollar Gold Coin Value
The 1987 $5 gold coin is a valuable and desirable coin for collectors. Its value is determined by a number of factors, including its rarity, condition, and gold content. Here are six key aspects to consider when evaluating the value of a 1987 $5 gold coin:
- Rarity: The 1987 $5 gold coin has a mintage of 2,192,000, making it a relatively rare coin.
- Condition: The condition of a coin is a major factor in determining its value. Coins that are in mint condition are worth more than coins that are damaged or worn.
- Gold content: The 1987 $5 gold coin is made of 90% gold and 10% copper. The gold content of a coin is a major factor in determining its value.
- Strike: The strike of a coin is the sharpness of the design. Coins with a strong strike are worth more than coins with a weak strike.
- Luster: The luster of a coin is the shine of its surface. Coins with a bright luster are worth more than coins with a dull luster.
- Eye appeal: Eye appeal is a subjective factor that refers to the overall attractiveness of a coin. Coins with good eye appeal are worth more than coins that are unattractive.
When evaluating the value of a 1987 $5 gold coin, it is important to consider all of these factors. A coin that is rare, in mint condition, and has a high gold content will be worth more than a coin that is common, damaged, and has a low gold content. Ultimately, the value of a 1987 $5 gold coin is determined by the market, and prices can fluctuate depending on supply and demand.
FAQs
This section addresses frequently asked questions (FAQs) about the value of 1987 $5 gold coins.
Q1: How much is a 1987 $5 gold coin worth?
A1: The value of a 1987 $5 gold coin depends on several factors, including its condition, rarity, and gold content. Generally, these coins are worth more than their face value due to their gold content and historical significance.
Q2: What is the mintage of the 1987 $5 gold coin?
A2: The 1987 $5 gold coin has a mintage of 2,192,000, making it a relatively rare coin.
Q3: What is the gold content of the 1987 $5 gold coin?
A3: The 1987 $5 gold coin is made of 90% gold and 10% copper.
Q4: How can I determine the condition of a 1987 $5 gold coin?
A4: The condition of a coin is determined by its appearance, including the presence of scratches, dings, or other damage. Coins in mint condition are worth more than coins that are damaged or worn.
Q5: Where can I buy or sell a 1987 $5 gold coin?
A5: 1987 $5 gold coins can be bought and sold through coin dealers, online marketplaces, and auctions.
Q6: Are there any counterfeits of the 1987 $5 gold coin?
A6: Yes, there are counterfeit 1987 $5 gold coins in circulation. It is important to be aware of these counterfeits and to purchase coins from reputable sources.
Summary: The value of a 1987 $5 gold coin depends on several factors, including its condition, rarity, and gold content. These coins are generally worth more than their face value and are popular among collectors. It is important to be aware of counterfeits and to purchase coins from reputable sources.
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Tips for Determining the Value of a 1987 $5 Gold Coin
When determining the value of a 1987 $5 gold coin, there are several key factors to consider. By following these tips, you can accurately assess the worth of your coin and make informed decisions about buying or selling.
Tip 1: Examine the coin’s condition.
The condition of a coin significantly impacts its value. Coins in mint condition, with no scratches or damage, are worth more than those that are worn or damaged. Use a magnifying glass tothe coin’sfor any imperfections.
Tip 2: Determine the coin’s rarity.
The mintage of a coin, or the number of coins produced, affects its rarity. The 1987 $5 gold coin has a mintage of 2,192,000, making it a relatively rare coin. Rarer coins are generally worth more than common coins.
Tip 3: Assess the coin’s gold content.
The gold content of a coin is a major factor in determining its value. The 1987 $5 gold coin is made of 90% gold and 10% copper. Coins with a higher gold content are worth more than those with a lower gold content.
Tip 4: Consider the coin’s strike.
The strike of a coin refers to the sharpness of the design. Coins with a strong strike, where the details are, are worth more than coins with a weak strike.
Tip 5: Evaluate the coin’s luster.
The luster of a coin refers to the shine of its surface. Coins with a bright luster are worth more than coins with a dull luster. Luster can be affected by factors such as age, cleaning, and storage conditions.
Tip 6: Get the coin certified.
Having your coin certified by a reputable grading service, such as the Professional Coin Grading Service (PCGS) or Numismatic Guaranty Corporation (NGC), can add value to your coin. Certification verifies the coin’s authenticity and condition, making it more attractive to potential buyers.
Summary: By following these tips, you can accurately determine the value of a 1987 $5 gold coin. Consider the coin’s condition, rarity, gold content, strike, luster, and certification to make informed decisions about buying or selling.
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Conclusion
The 1987 $5 gold coin is a valuable and desirable coin for collectors. Its value is determined by a number of factors, including its rarity, condition, and gold content. By understanding these factors, you can accurately assess the worth of your coin and make informed decisions about buying or selling.
The 1987 $5 gold coin is a piece of American history and a valuable investment. If you are interested in collecting coins, this coin is a great option. With its relatively low mintage and high gold content, the 1987 $5 gold coin is a coin that is sure to appreciate in value over time.