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Liberty Gold Dollar $1 Gold Type 3, 1856-1889

Liberty Gold Dollar $1 Gold Type 3, 1856-1889

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Greysheet Catalog Details (GSID: 72367)

The Liberty Gold Dollar $1 Gold is part of a series of Princess head gold dollar coins struck from 1856-1889. The specific variety is Type 3. Designated as a Business (MS) strike, this coin is made of 90% gold; 10% copper.
The final design choice for the Gold Dollar denomination was determined in 1856 and lasted until 1889 when these dollars would see their permanent demise. Since the Type 1 Gold Dollar was too small and the Type 2 that was meant to fix that ended up having problems of its own, the mint had finally had enough and came up with a plan to resolve these issues for good. That is what resulted in the creation of the Type 3 Gold Dollar. The design was changed subtly yet dramatically in ways such as enlarging and rearranging the devices to make for better metal flow. This was the goal in order to maintain the larger sized coin but fix striking issues which for the most part was successful. Although, this fix was not perfect as the smaller branch mints still suffered from weak strikes so any Dahlonega minted Gold Dollar with a crisp strike is a coin whose desirability is beyond incredible. Some rare dates to lookout for are the 1856-D, 1861-D and 1875.
Obverse: Indian head portrait, larger than the type 2 design, with crown centered in the design surrounded by UNITED STATES OF AMERICA around the periphery.
Reverse: "1 DOLLAR" is centered with date below, surrounded by a large wreath tied in a bow at the bottom. Mint mark, if any, appears at the bottom below the blow.

Catalog Details    Dealers Only

Catalog Detail

GSID: 72367
Coin Date: Liberty Gold Dollar
Denomination: G$1 / $1 Gold
Designation: MS
Mint Mark: Various
Coinage Type: Princess head gold dollar
Coinage Years: 1856-1889
Composition: 90% gold; 10% copper
Variety: Type 3
Variety 2: 1856-1889
Strike Type: Business
Diameter: 15 mm
Fineness: 0.9
Weight: 1.672 gr
Weight: 0.04837 oz
Coin Shape: Round
Designer: James B. Longacre
Obverse Lettering: LIBERTY
Obverse Designer: James B. Longacre
Reverse Lettering: 1, DOLLAR, [Date]
Reverse Designer: James B. Longacre
PCGS #: 7539

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