The origin of the one dollar gold coins was in the Carolina gold rush of the 1830's. The sudden large availability of gold caused the US congress to make many changes to its minting system. The US Congress was looking to expand the use of gold in the country’s currency. The gold dollar was authorized by the Act of March 3, 1849, and the Liberty Head type one began circulating soon afterward. Because of the high value of gold, the gold dollar is the smallest coin in the history of US coinage. The United States gold dollar coins were first minted in 1849 to 1889. Made of 90% pure gold, they are the smallest denomination and smallest size of gold currency the United States has ever produced.
Type 1 - $1 One Dollar Gold Liberty Head
Coinage of the gold dollar was authorized by the Act of March 3, 1849. The weight was 25.8 grains, .900 fineness. Type I struck until 1854, is known as the Liberty Head or small sized type (Type 1). The obverse of the coins depicts Liberty's head circled by thirteen stars. She faces to the left and wears a coronet inscribed with the word "LIBERTY". The reverse depicts a simple wreath encircling the date and value of the coin, and the inscription “UNITED STATES OF AMERICA”. Weighing 1.672 grams, the coin had a composition of .900 gold and .100 copper. It therefore contained .04837 ounces of pure gold.
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1853 $1 TYPE 1 LIBERTY HEAD ONE DOLLAR GOLD COIN - PCGS MS 61
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1849-O Liberty Gold Dollar Coin G$1 - NGC Uncirculated (UNC) - Rare MS BU Coin
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RARE 1851 LIBERTY HEAD GOLD $1.00 BUY NOW OR SUBMIT BEST OFFER!!!!!
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1851 Liberty Gold Dollar Coin G$1 - NGC MS62 - Rare BU Certified Gold Coin
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Type 2 - $1 One Dollar Small Head Indian Princess
In 1854, the dollar coins were made larger in diameter and thinner. The design was changed to a feather headdress on a female, generally referred to as the small head Indian Princess. (Type 2). In the 3 years of this coin's production only six date mint mark combinations were created: 1854, 1855, 1855C, 1855D, 1855O, and 1856S. The quantities minted in total each year were 783,943 in 1854, 824,883 in 1855, and 24,600 in 1856.
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1854 Type 2 Indian Gold Dollar G$1 - NGC Uncirculated (UNC MS BU) - Rare Type!
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1855-O Type 2 Indian Gold Dollar G$1 - NGC AU Details - Very Rare Date "O" Mint
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Type 3 - $1 One Dollar Large Head Indian Princess
In 1856, the type was changed slightly by enlarging the size of the head (Type 3). The Indian Princess changed location as well, and the details of the face were slightly changed. Proofs versions of this type were minted at Philadelphia from 1859 on. The quantity of proofs minted each year ranges from an estimated 15 in 1856 to 1,779 in 1889. In total, the quantity of coins minted each year ranges from 420 in 1875 to 1,764,396 in 1856. Although regular production of the gold dollar was discontinued in 1889, commemorative issues were struck from 1903 to 1905, 1915 to 1917 and 1922. Gold dollars continued to circulate in some areas until the country abandoned the gold standard in the early 1930s.
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1 Dollar Gold Large Indian Princess Head Type 3 Love Token / Coin Fob
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1856 $1 Gold Type 3 Indian Princess
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One Dollar Gold Coins Specifications
Designer: James B. Longacre.
Weight: 1.672 grams.
Composition: .900 gold, .100 copper (net weight .04837 oz. pure gold).
Diameter: 13 mm (1849-1854), 15 mm (1854-1889)
Mints: Philadelphia, Charlotte, Dahlonega, New Orleans, San Francisco.