The Type 1 $1 Gold Liberty has a diameter of just 13 mm and a total weight of 1.672 grams. Struck from 0.900 gold, this coin is therefore composed of 90 percent gold and 10 percent copper, containing 0.04837 ounces of pure gold. These $1 coins were produced at the main Philadelphia Mint, plus branch mints including New Orleans, Dahlonega, Charlotte, and San Francisco. Your order is likely to be fulfilled by a coin produced in Philadelphia, from a random and common year of issue, but always with a mint state of 62, denoting its quality.
The History of the $1 Gold Coin Type 1 MS62:
Gold fever was sweeping through the land, the year was 1849 and the Californian Gold Rush was underway. Prospectors and mine-owners were clamoring for gold coins to give their new-found wealth a practical use. So, Congress passed a bill authorizing two new coins, one of which was the $1 Gold Liberty Type 1.
You just canâ€™t keep all the people happy all of the time. Silver dollars may have drawn criticism for being too weighty and impractical, but this here coin, the $1 Gold Liberty Type 1, was castigated for being so small it slipped through peopleâ€™s fingers. Make up your own mind by holding a Common Date $1 Gold Liberty Type 1 MS62 in the palm of your hand. It may be small in stature, but itâ€™s treasured by collectors around the world, so make it yours today. Donâ€™t let it roll away from your grasp.
It was not a coin that proved to be popular. From the moment it was in circulation, this $1 gold coin faced criticism for being impractical and easy to lose â€“ so it was produced for just six short years, being discontinued in 1854. However, its short-lived production makes it highly sought after today. It was to be replaced by the second type of the coin which had the same weight but a greater circumference. The Type 1 $1 may be Americaâ€™s smallest coin to date, but it holds great weight in collecting terms. Make this dainty coin a treasured part of your collection today.
The Design of the $1 Gold Coin Type 1 MS62:
This diminutive $1 coin was designed by James B Longacre, Chief Engraver of the U.S. Mint. The obverse design comprises a left-facing profile portrait of Lady Liberty, shown wearing a beaded coronet inscribed with the word LIBERTY. Libertyâ€™s hair is partially styled in a bun at the back of her head, though strands of hair have escaped, falling down her neck. Her portrait is surrounded by 13 six-pointed stars denoting the original states of the union.
The reverse design features a foliage wreath encircling the value of 1 DOLLAR and the year of issue. Interestingly, some variations exist between different years of issue and various branch mints, as to how completely (or not) the wreath forms a circle. However, your coin will be from a common and random year of issue. The lettering UNITED STATES OF AMERICA completes the reverse design, while the edge of the coin is reeded.
Features of the Common Date $1 Gold Liberty Type 1 MS62: