If you’ve stumbled upon a $50 American gold coin with the Roman numerals MCMLXXXVII (1987), you’re holding a valuable piece of American history. These coins are not just sought after for their stunning designs but also for their gold content and significance in the world of coin collecting. In this article, we’ll explore everything about your coin, including its history, design, specifications, and how to determine its value.
Understanding the Roman Numerals MCMLXXXVII
The Roman numerals MCMLXXXVII stand for 1987. This indicates the year the coin was minted. Coins from this year belong to the American Gold Eagle series, first launched in 1986 by the United States Mint. This series was created under the Gold Bullion Coin Act of 1985 to offer a reliable gold investment option while celebrating iconic American imagery.
The American Gold Eagle: A Quick Overview
The $50 American gold coin is part of the American Gold Eagle series, which includes denominations of $5, $10, $25, and $50. These coins are made from 22-karat gold (91.67% pure gold) and are considered legal tender in the United States. However, their real value is much higher than their face value, thanks to their gold content and collector appeal.
Design Features of the $50 Gold Coin
Obverse (Front): Lady Liberty
- The obverse features Lady Liberty, one of America’s most iconic symbols.
- Designed by Augustus Saint-Gaudens, it shows Liberty holding a torch in her right hand and an olive branch in her left, standing confidently against a backdrop of the Capitol building and sun rays.
Reverse (Back): Bald Eagle Family
- The reverse was designed by Miley Busiek.
- It portrays a male bald eagle carrying an olive branch to a nest where a female eagle and her hatchlings are perched.
- This image represents family, strength, and unity—core American values.
Specifications of the $50 Gold Coin
| Feature | Details |
|---|---|
| Year | 1987 (MCMLXXXVII) |
| Face Value | $50 |
| Gold Content | 1 Troy Ounce (31.1 grams) |
| Purity | 22 Karat (91.67% gold) |
| Copper and Silver | 8.33% (for durability) |
| Diameter | 32.7 mm |
| Thickness | 2.87 mm |
| Mint Locations | Philadelphia, West Point |
| Edge | Reeded |
The addition of copper and silver makes the coin more durable while preserving its rich gold luster.
How Much Is the 1987 $50 Gold Coin Worth?
The coin’s value is derived from two factors: gold content and collector demand.
1. Intrinsic Gold Value
- The coin contains 1 troy ounce of gold, which is valued at the current spot price of gold.
- For example, if gold is trading at $2,000 per ounce, the intrinsic value of the coin is $2,000.
2. Collector’s Premium
- Coins in mint condition (graded MS70) or with low mintage years are especially valuable to collectors.
- A well-preserved 1987 Gold Eagle could sell for $2,000 to $3,000 or more.
3. Historical Significance
- As part of the second year of the Gold Eagle series, the 1987 coin is considered a key collectible.
Why Is the $50 American Gold Coin Popular?
The $50 Gold Eagle has remained a favorite among investors and collectors due to its combination of:
- Gold Purity: With 91.67% gold, it offers a solid investment.
- Design: The beautiful imagery of Lady Liberty and the bald eagle appeals to collectors worldwide.
- Legal Tender Status: Although it has a face value of $50, its intrinsic worth is tied to gold prices.
- Durability: The copper and silver alloy ensures the coin withstands handling and wear.
How to Identify an Authentic 1987 $50 Gold Coin
To ensure you have a genuine coin, follow these steps:
- Inspect the Details
- Examine the intricate designs of Lady Liberty and the bald eagle.
- Check for sharpness in the lettering and Roman numerals.
- Check the Edge
- Authentic coins have reeded edges (tiny vertical grooves).
- Measure and Weigh
- Use a digital scale to ensure the coin weighs exactly 1 troy ounce.
- Verify its diameter (32.7 mm) and thickness (2.87 mm) with calipers.
- Use a Magnet
- Gold is non-magnetic. If the coin reacts to a magnet, it’s likely a fake.
- Seek Professional Grading
- Submit your coin to a grading service like NGC or PCGS for certification.
Should You Sell or Hold Your Coin?
The decision to sell or keep your $50 Gold Eagle depends on your financial goals.
Why You Might Sell
- Immediate Profit: If gold prices are high, selling can yield significant returns.
- Liquidation: Perfect for those needing quick cash.
Why You Should Hold
- Long-Term Investment: Gold often appreciates over time, making it a solid hedge against inflation.
- Sentimental Value: Coins like these carry historical and aesthetic appeal.
Where to Buy or Sell Your $50 Gold Coin
Buy
- Reputable dealers like APMEX, JM Bullion, and Monex.
- Online marketplaces like eBay (ensure the seller is trustworthy).
Sell
- Coin shows and auctions for collectible coins.
- Online dealers or local coin shops.
- Graded coins can fetch higher prices through certified auction platforms like Heritage Auctions.
Conclusion
The $50 American gold coin with MCMLXXXVII (1987) is more than just a piece of gold—it’s a historical artifact that represents the artistry, craftsmanship, and values of the United States. Whether you keep it as a collector’s item or sell it for profit, understanding its features, authenticity, and value will help you make informed decisions.
FAQ’s
1. How much gold does the $50 American Gold Eagle contain?
It contains 1 troy ounce (31.1 grams) of 22-karat gold.
2. Can I spend my $50 gold coin as money?
Yes, it’s legal tender, but its gold value far exceeds its $50 face value.
3. What makes the 1987 coin special?
As part of the second year of the Gold Eagle series, it’s highly sought after by collectors.
4. What does MS70 mean in coin grading?
MS70 is the highest grade, indicating a perfect, flawless coin.