Description: Following the discovery of gold in California, the yellow metal began pouring into the marketplace. Eager to convert this bullion into coinage, the U.S. Congress authorized a new one dollar gold coin. A Silver Dollar was already being produced, but the federal government hoped that a smaller gold coin of the same denomination might succeed. In 1849, the first Gold Dollar were released. Ultimately, the Gold Dollar proved to be too small. At just 12.7 mm in diameter, the coin was difficult to handle and easy to lose. The U.S. Mint decided to revamp the coin in 1854; the diameter was increased to 14.3 by making the coin thinner and wider. Unfortunately, this created a new set of problems; the revised design was difficult to strike. By 1856, the U.S. Mint was already working on a third edition of the coin. The third and final Gold Dollar, the Type 3, was unveiled in 1856. Like the Type 2, it featured a Native American princess on the obverse and a wreath on the reverse. The diameter was still 14.3 mm, but this time the design features were easier to strike. While the Mint solved the production issues, the Gold Dollar faced an entirely different issue: a lack of commercial demand. The coin was generally unpopular with the American public. By the 1880s, it was produced mostly for novelty purposes. Source: https://www.greatcollections.com/kb/catalog/18/A-History-of-Gold-Dollar-Coins--Type-1-Type-2-and-Type-3?from_more=1
Price: 500 USD
Location: Bothell, Washington
End Time: 2024-12-31T05:58:40.000Z
Shipping Cost: N/A USD
Product Images
Item Specifics
All returns accepted: ReturnsNotAccepted
Certification: NGC
Circulated/Uncirculated: Circulated
Year: 1855
Mint Location: Philadelphia
Strike Type: Business
Denomination: $1
Grade: XF
Certification Number: 7532.45/36348995
Country/Region of Manufacture: United States
Time Period Manufactured: Pre-1933
