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Gold Dollar Coins
- 1. American Gold DollarCoins
- 2. Gold dollar coins were createdin the United States of America from 1849 until 1889.
- 3. These coins have90% 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 lateyears of 1840, the Congress considered expanding the utilization of gold in their coinage.
- 5. The gold dollarcoins were then approved by the Act of March 3, 1849.
- 6. The unexpected accessibilityof gold prompted the US government to formulate a new currency system.
- 7. Consequently, the LibertyHead Type started circulating.
- 8. Gold coins wereimprinted in numerous quantities.
- 9. It was in1830s when the first gold dollars were issued, but not by the US government.
- 10. The first formof gold dollar coins is known as the Liberty Head Type which is fashioned by James B. Longacre .
- 11. The frontage ofthe 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 tothe left with a circlet emblazoned with the statement ”LIBERTY”.
- 13. With help ofPeter 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 1.672grams and is composed of .900 gold and .100 copper .
- 15. However, there isa problem with this type.
- 16. The old LibertyHead Type is 13 mm in diameter.
- 17. It was consideredas the smallest coin in the history of the United States.
- 18. Due to itssize, it could be lost easily.
- 19. Consequently, numerous citizenswere greatly critical of the latest coin.
- 20. The nominal valueof the coin is equal to $26.31 at the present time.
- 21. In 1854, anewly designed gold dollar was issued by the US Mint.
- 22. It has adiameter of 15 mm.
- 23. As intended, itsweight and composition was not changed.
- 24. He made anew obverse with the head of the “ Indian Princess”.
- 25. It is latercalled as the Indian Head Type.
- 26. On the otherhand, the suggestion that the head is actually that of a Roman marble figure was pushed by historians.
- 27. That is whya feather headdress was added by Longacre.
- 28. The back ofthe gold dollar coin was also slightly customized.
- 29. The inscription “UNITED STATESOF AMERICA” is now seen on the obverse.
- 30. However, the wreathdesign was maintained.
- 31. The golddollar coins are worth more than their nominal value.
- 32. The year itwas manufactured and the grade determine the real value of the Liberty head Type and the Indian Head Type.
- 33. The former ofaverage condition and regular date is worth at least $250.
- 34. However, the 1852-Ccan reach as high as $40,000 dollars.
- 35. On the otherhand, the cost of the Indian Head Type is in accordance with its size as well.
- 36. The small averageconditioned Indian princess is worth at least $335.
- 37. The 1854 and1855 costs as much as $115,000.
- 38. The large Indianprincess of average condition only costs $290.
- 39. However, 1858-D dollarcoin’s rate can reach up to $59,000.
- 40. American Gold DollarCoins
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