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Gold Dollar Coins
 

Gold Dollar Coins

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Get more information, history and value of gold dollar coins. Click to read info.

Get more information, history and value of gold dollar coins. Click to read info.

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    Gold Dollar Coins Gold Dollar Coins Presentation Transcript

    • American Gold Dollar Coins
    • Gold dollar coins were created in the United States of America from 1849 until 1889.
    • These coins have 90% pure  gold content and were considered as the smallest of the gold currency denominations ever fashioned by the national government of the United States of America.
    • During the late years of 1840, the Congress considered expanding the utilization of gold in their coinage.
    • The gold dollar coins were then approved by the Act of March 3, 1849.
    • The unexpected accessibility of gold prompted the US government to formulate a new currency system.
    • Consequently, the Liberty Head Type started circulating.
    • Gold coins were imprinted in numerous quantities.
    • It was in 1830s when the first gold dollars were issued, but not by the US government.
    • The first form of gold dollar coins is known as the Liberty Head Type which is fashioned by  James B. Longacre .
    • The frontage of the coins features the head of the Lay of Liberty surrounded by  13 stars which represents the first 13 states of the Union.
    • She looks to the left with a circlet emblazoned with the statement ”LIBERTY”. 
    • With help of Peter Filatreu Cross, the design on the reverse side shows a wreath around the date and worth of the coin, and the inscription reads “UNITED STATES OF AMERICA”.
    • It weighs 1.672 grams and is composed of .900 gold and .100  copper .
    • However, there is a problem with this type.
    • The old Liberty Head Type is 13 mm in diameter.
    • It was considered as the smallest coin in the history of the United States.
    • Due to its size, it could be lost easily.
    • Consequently, numerous citizens were greatly critical of the latest coin.
    • The nominal value of the coin is equal to $26.31 at the present time.
    • In 1854, a newly designed gold dollar was issued by the US Mint.
    • It has a diameter of 15 mm.
    • As intended, its weight and composition was not changed.
    • He made a new obverse with the head of the “ Indian Princess”.
    • It is later called as the Indian Head Type.
    • On the other hand, the suggestion that the head is actually that of a Roman marble figure was pushed by historians.
    • That is why a feather headdress was added by Longacre.
    • The back of the gold dollar coin was also slightly customized.
    • The inscription “UNITED STATES OF AMERICA” is now seen on the obverse.
    • However, the wreath design was maintained.
    • The gold dollar coins are worth more than their nominal value.
    • The year it was manufactured and the grade determine the real value of the Liberty head Type and the Indian Head Type.
    • The former of average condition and regular date is worth at least $250.
    • However, the 1852-C can reach as high as $40,000 dollars.
    • On the other hand, the cost of the Indian Head Type is in accordance with its size as well.
    • The small average conditioned Indian princess is worth at least $335.
    • The 1854 and 1855 costs as much as $115,000.
    • The large Indian princess of average condition only costs $290.
    • However, 1858-D dollar coin’s rate can reach up to $59,000.
    • American Gold Dollar Coins
    • Visit www. GoldCoinsCollect.com