1. Condition: The condition of the coin plays a crucial role in determining its value. Coins that are well-preserved, with sharp details, original luster, and no significant damage or wear, command higher prices.
2. Rarity: The mintage of the 1890 $1 gold piece was relatively low compared to other years. This makes it a somewhat scarce coin, especially in higher grades. Rarities can fetch substantial premiums over common dates.
3. Market Demand: The overall demand for gold coins, particularly rare or historically significant pieces, can influence their value. When demand is high, prices tend to increase, while during periods of lower demand, prices may stabilize or even decline.
Based on these factors, here's a general estimate of the value of an 1890 $1 gold piece:
- In Good (G) condition: $250 - $300
- In Fine (F) condition: $350 - $400
- In Very Fine (VF) condition: $450 - $550
- In Extremely Fine (XF) condition: $600 - $750
- In Uncirculated (UNC) condition: $800 and above
It's worth noting that exceptional examples of an 1890 $1 gold piece in higher grades or with special characteristics, such as errors or mint marks, can command significantly higher prices. To obtain an accurate appraisal of the value of a specific 1890 $1 gold piece, it's recommended to consult with a professional numismatist or coin dealer who specializes in rare coins.