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Gold Dollar Coins
- 1. American Gold Dollar Coins
- 2. Gold dollar coins were created in the United States of America from 1849 until 1889.
- 3. 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.
- 4. During the late years of 1840, the Congress considered expanding the utilization of gold in their coinage.
- 5. The gold dollar coins were then approved by the Act of March 3, 1849.
- 6. The unexpected accessibility of gold prompted the US government to formulate a new currency system.
- 7. Consequently, the Liberty Head Type started circulating.
- 8. Gold coins were imprinted in numerous quantities.
- 9. It was in 1830s when the first gold dollars were issued, but not by the US government.
- 10. The first form of gold dollar coins is known as the Liberty Head Type which is fashioned by James B. Longacre .
- 11. 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.
- 12. She looks to the left with a circlet emblazoned with the statement ”LIBERTY”.
- 13. 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”.
- 14. It weighs 1.672 grams and is composed of .900 gold and .100 copper .
- 15. However, there is a problem with this type.
- 16. The old Liberty Head Type is 13 mm in diameter.
- 17. It was considered as the smallest coin in the history of the United States.
- 18. Due to its size, it could be lost easily.
- 19. Consequently, numerous citizens were greatly critical of the latest coin.
- 20. The nominal value of the coin is equal to $26.31 at the present time.
- 21. In 1854, a newly designed gold dollar was issued by the US Mint.
- 22. It has a diameter of 15 mm.
- 23. As intended, its weight and composition was not changed.
- 24. He made a new obverse with the head of the “ Indian Princess”.
- 25. It is later called as the Indian Head Type.
- 26. On the other hand, the suggestion that the head is actually that of a Roman marble figure was pushed by historians.
- 27. That is why a feather headdress was added by Longacre.
- 28. The back of the gold dollar coin was also slightly customized.
- 29. The inscription “UNITED STATES OF AMERICA” is now seen on the obverse.
- 30. However, the wreath design was maintained.
- 31. The gold dollar coins are worth more than their nominal value.
- 32. The year it was manufactured and the grade determine the real value of the Liberty head Type and the Indian Head Type.
- 33. The former of average condition and regular date is worth at least $250.
- 34. However, the 1852-C can reach as high as $40,000 dollars.
- 35. On the other hand, the cost of the Indian Head Type is in accordance with its size as well.
- 36. The small average conditioned Indian princess is worth at least $335.
- 37. The 1854 and 1855 costs as much as $115,000.
- 38. The large Indian princess of average condition only costs $290.
- 39. However, 1858-D dollar coin’s rate can reach up to $59,000.
- 40. American Gold Dollar Coins