The 1922 Grant Memorial Gold Dollar is a significant piece in the history of U.S. commemorative coins, struck by the United States Mint as part of a two-coin series honoring Ulysses S. Grant, the nation’s 18th president. This guide provides an in-depth look at the coin’s history, design, and current market value, making it an essential resource for collectors.
Historical Context of the Grant Centennial Gold Dollar
The Grant Memorial Gold Dollar was authorized by Congress at the request of the Ulysses S. Grant Centenary Memorial Association. The proceeds from the coin sales were intended to fund the construction of community buildings in Georgetown and Bethel, Ohio, as memorials to President Grant, and to create a highway connecting New Richmond to Point Pleasant.
The coins were distributed by the association, which purchased them from the Mint at face value and sold them through Ohio banks and directly to the public.
The gold dollar was available in two versions: one with a plain obverse and another featuring an incuse star, a variation introduced to encourage sales by offering a collectible distinction. Both versions sold out, largely purchased by wholesalers, which left contemporary collectors at a disadvantage.
Ulysses S. Grant: From Civil War Hero to President
Born in Point Pleasant, Ohio, in 1822, Ulysses S. Grant’s early life was unremarkable, with his military career initially yielding little distinction. However, the Civil War dramatically altered his trajectory, as Grant’s successes in key battles caught the attention of President Abraham Lincoln.
As commander of Union forces, Grant’s relentless strategy eventually led to the Confederacy’s defeat. Despite his military prowess, Grant’s presidency was marred by political scandals, though his legacy as a national hero remains intact.
Design and Specifications of the Grant Centennial Gold Dollar
The Grant Memorial Gold Dollar, designed by Laura Gardin Fraser, features a right-facing portrait of Ulysses S. Grant on the obverse, adapted from a famous photograph by Matthew Brady. The reverse depicts Grant’s birthplace in Point Pleasant, Ohio.
The coin was struck in two varieties: one with a star on the obverse and one without. Both versions were minted in Philadelphia in 1922, with nearly equal mintages.
| Specification | Details |
|---|---|
| Country | United States of America |
| Year of Issue | 1922 |
| Denomination | One Dollar (USD) |
| Mintmark | None (Philadelphia) |
| Mintage | Star: 5,016; No Star: 5,000 |
| Alloy | .900 Gold, .100 Copper |
| Weight | 1.7 g |
| Diameter | 14.3 mm |
| Edge | Reeded |
| OBV Designer | Laura Gardin Fraser |
| REV Designer | Laura Gardin Fraser |
| Quality | Uncirculated |
Current Market Value and Collecting Tips
Due to their limited mintage, Grant Memorial Gold Dollars are considered scarce, with a significant number of surviving coins in choice condition. The coins are particularly valued by collectors, with prices ranging from around $1,000 for a Choice Uncirculated example to upwards of $25,000 to $30,000 for specimens in MS67 condition. The Star variety commands a premium due to its higher desirability among collectors.
However, collectors should be cautious of counterfeit coins, particularly those that have been altered to add stars to plain varieties. Ensuring the coin’s authenticity through reputable grading services is crucial for preserving its value.
Conclusion
The 1922 Grant Centennial Gold Dollar remains a prized collectible, reflecting both historical significance and artistic excellence. Whether you are a seasoned collector or new to numismatics, understanding the history, design, and market value of this coin is essential for making informed collecting decisions.
FAQs
What is the significance of the 1922 Grant Memorial Gold Dollar?
The coin was issued to commemorate Ulysses S. Grant, the 18th president of the United States, and to fund memorial projects in his honor.
How many varieties of the 1922 Grant Memorial Gold Dollar exist?
There are two varieties: one with a plain obverse and another featuring an incuse star.
Who designed the 1922 Grant Memorial Gold Dollar?
The coin was designed by Laura Gardin Fraser, a prominent American sculptor.
What is the estimated value of a Grant Memorial Gold Dollar in MS65 condition?
In MS65 condition, the value ranges from $1,500 for the plain version to $2,000 for the Star variety.
Are there any known counterfeits of this coin?
Yes, collectors should be aware of counterfeit coins, particularly those with added stars.
Reference
This content is based on information from numismatic sources detailing the history, design, and value of the 1922 Grant Memorial Gold Dollar.
