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The three piece type set provides a great look at mid-nineteenth century American coins with the $1 Liberty Head and the $1 Indian Princess Gold Coins.
These coins are unique in their design and—with their age—are scarce as well, making them a wonderful set to add to your collection.
$1 Liberty Head Gold Coin (Type I)
The $1 Liberty Head is the smallest gold coin created in the United States at only thirteen millimeters. As a comparison, a dime is even larger at nearly eighteen millimeters. Even at such a small size, the coin has a very interesting design. On the obverse, the Type I Gold Dollar bears the crowned image of Miss Liberty in the center of thirteen stars symbolizing the thirteen original colonies.
The reverse bears a wreath surrounding the denomination as well as the mint date. On a few of the 1849 Type I coins, Miss Liberty’s head is much smaller than normal. Also in 1849, the reverse bears a closed wreath and an open wreath on the reverse. The coins were produced from 1849-1854 in varying quantities. The most common vanities are those minted in 1853 and those from Philadelphia minted from 1851 to 1852. The 1854 D is the rarest, with a mintage of only 2,935, well below the average mintage figure of 546,316.
$1 Indian Princess Gold Coins (Type II)
This coin is the scarcest of the gold dollar series. Featuring an image of Miss Liberty with a feathered Indian headdress on the front and the date and denomination surrounded by a wreath on the reverse, this coin is slightly larger than the Type I. The size was increased from thirteen millimeters to fifteen millimeters, which is still smaller than a modern dime. This new size made the coins easier to handle but came with problems for the striking process.
Because of a design flaw, the coin would often not strike well and there were noticeable flaws in most of the coins near the date numerals. Because of this, the coin was only minted from 1854 through 1856.
$1 Indian Princess Gold Coins (Type III)
This coin replaced the Type II and fixed many of the design flaws that had plagued the dollar coin since 1849. The portrait of the Indian Princess on the obverse was made larger and the design on the reverse was made easier to mint, fixing the problems of the earlier coin. This design worked and was minted from 1856 through 1889. The demand for these coins have historically been strong and are the cornerstone of an historical collection. Contact us today for a list of our current inventory.