The 1900 Lafayette Dollar is one of the most significant coins in U.S. history. It was the first commemorative dollar coin, and it honored two key figures—President George Washington and the Marquis de Lafayette. Collectors still seek this coin today, and its value has only grown since its release. Let’s dive into the fascinating story of the 1900 Lafayette Dollar, its varieties, and its market history.
History of the 1900 Lafayette Dollar
The Lafayette Dollar was the third official U.S. commemorative coin. It was the first to feature a U.S. citizen and was created to raise funds for a monument honoring Lafayette in Paris, France. This coin was authorized by Congress on March 3, 1899, and the entire production run was minted on December 14, 1899, marking the 100th anniversary of George Washington’s death.
Even though it was minted in 1899, the coin has a 1900 date due to laws that prevent coins from having a different date than the year they are minted.
Coin Design and Inspiration
The Lafayette Dollar’s design has an interesting background. The obverse (front side) shows George Washington and Lafayette together. The design was inspired by busts sculpted by famous artists.
- Washington’s bust was modeled after Jean-Antoine Houdon’s sculpture.
- Lafayette’s bust came from a medal by French artist Jacques Counois.
These elements combined to create a striking tribute to both historical figures.
Varieties of the Lafayette Dollar
Over the years, several varieties of the Lafayette Dollar have been identified. This happened because different dies (tools used to strike the coin) were used in production. Here’s a simplified breakdown:
Lafayette Dollar Varieties Table
| Variety Name | Obverse Dies | Reverse Dies | Discovered By | Year of Discovery |
|---|---|---|---|---|
| 1A | 1 | A | Howland Wood | 1925 |
| 1B | 1 | B | Howland Wood | 1925 |
| 2C | 2 | C | Howland Wood | 1925 |
| 3D | 3 | D | Howland Wood | 1925 |
| 1C | 1 | C | Anthony Swiatek | 1980 |
| 4E | 4 | E | Frank DuVall | 1988 |
Each of these varieties is unique, and collectors can identify them based on the combination of obverse and reverse dies used.
Market Value of the Lafayette Dollar
The value of the Lafayette Dollar has increased significantly since its release. When it first went on sale, it was priced at $2 each. Over the decades, its value has grown as more collectors seek it out.
Here’s a look at how prices have changed over time for high-quality examples:
Lafayette Dollar Market Data
| Year | Price (Brilliant Uncirculated) | Seller |
|---|---|---|
| 1964 | $135 | Roy L. Baker (Oklahoma dealer) |
| 1974 | $575 | Frank and Laurene Karen |
| 1976 | $900 | Joel Rettew |
| 2022 (MS67+) | $90,000 | GreatCollections |
| 2020 (MS67 CAC) | $60,000 | Stack’s Bowers |
As shown, the coin’s value has increased dramatically in recent years. Coins graded MS67+ (Mint State 67 or higher) can fetch prices as high as $90,000.
Conclusion
The 1900 Lafayette Dollar is a significant piece of U.S. numismatic history. With its unique design, historical connection, and various die varieties, it remains a popular collectible for coin enthusiasts. Whether you are new to coin collecting or a seasoned collector, understanding the different varieties and market value of the Lafayette Dollar is key to appreciating its lasting legacy.
FAQ’s
What makes the 1900 Lafayette Dollar special?
The 1900 Lafayette Dollar is the first commemorative U.S. dollar coin, honoring both George Washington and Marquis de Lafayette. Its historical significance and limited mintage make it highly desirable for collectors.
How many varieties of the Lafayette Dollar exist?
There are several varieties of the 1900 Lafayette Dollar, based on different combinations of obverse and reverse dies used during minting. Collectors can identify these varieties to enhance their collections.
What is the current market value of a Lafayette Dollar?
The value of the 1900 Lafayette Dollar varies depending on its condition. In top condition (MS67+), the coin can sell for as much as $90,000 in auctions, making it a highly valuable collectible.