
$1 Indian
James B. Longacre designed the first gold dollar in 1849 shortly after it was authorized by the Act of March 3, 1849. In 1854, Longacre restyled this Liberty Head gold dollar (referred to as a Type I gold dollar) to display an Indian Princess, creating the Indian Head Type II gold dollar.
Designs of the $1 Indian Gold Coin
$1 Gold Indian Head Type II
The design of the $1 Indian gold coin coin is very similar to that of the $3 Indian Princess. When the $1 Liberty gold coin was redesigned in 1854, the depiction of Lady Liberty changed dramatically. Before, the design of the Type I was very similar to that of the $20 Liberty, featuring Lady Liberty surrounded by 13 stars. The new Type II design featured Lady Liberty wearing a Native American headdress surrounded by the words 'UNITED STATES OF AMERICA.'
A wreath encircles the denomination and date on the $1 Indian gold coin's back. This wreath is composed of tobacco, wheat, corn and cotton, the principal cash crops of the time.
$1 Gold Indian Head Type III
Due to difficulties involved in striking Type II $1 gold coins, Longacre chose to redesign the coins. In 1857, Indian Head Type III $1 gold coins were designed and minted. The redesign was intended to give the coin a sharper appearance although the design still closely resembled the Type II. Miss Liberty is still represented as an Indian Princess, but with slight changes to her headdress. The size of her head and the details on the wreath,denomination, and the date on the reverse were all enlarged.
$1 Indian Coin Minting Information
The Type II Indian Heads were minted only for only two years from 1854-1856.
Design changes creating the Type III $1 Indian Head resulted in coins that could be struck properly. They were produced for over three decades between 1856 and 1889. These gold dollars were minted in Philadelphia, Charlotte, Dahlonega, New Orleans, and San Francisco.
DETAILED COIN INFORMATION
| GROSS WEIGHT | GOLD CONTENT | COMPOSITION | DIAMETER | COIN EDGE | |
|---|---|---|---|---|---|
| 1.672g | 0.04837 oz | 90% gold, 10% copper | 13mm | Reeded | |
| Dates: 1854-56 (Type II); 1856-89 (Type III) | |||||
† Please note that product images are for representative purposes only and do not reflect actual size.

- S&P Capital IQ - Gold: $1,900 (in 2012) "Leo Larkin, metals and mining analyst at S&P Capital IQ, thinks that $1,900 gold might not be that much of a stretch [in 2012]. 'Gold has been ..."
- Citigroup - Gold: $2,300 - $2,400 (by end of 2012) "While we remain cautious on Gold in the near term...we continue to believe that the bull market remains intact...we believe that 2012 may be..."
- Leeb Capital Management - Gold: $2,500 - $3,000 (in 2012) "I'll give you my target for gold at the end of 2012, it's going to be trading somewhere between $2,500 and $3,000. This..."
- Global Hunter Securities - Gold: $1,800 (in 2012) "'What I am looking for is a gold price of $1,800 an ounce in 2012,' says Jeffrey Wright, senior research analyst at Global Hunter..."
- US Global Investors - Gold: $3,600 (by 2017) "'People get so caught up with the next three minutes for gold and they should really be focused on the next three years,' says Frank Holmes, ..."
- Goldman Sachs - Gold: over $1,900 (in 2012) "Wall Street investment bank Goldman Sachs predicts that gold's bull run will continue into 2012 with a low interest rate environment and..."
- CNBC - Gold: $2,400 (no period given) "Gold will top $2,400 an ounce. The long-term bull market in gold marches on. Gold won't make a straight shot to a new inflation-adjusted high. As long..."
- Nomura - Gold: $2,000 (by end of 2012) "Nomura has raised its forecast for gold prices to $2,000 an ounce by the end of 2012, from $1,800 earlier. The brokerage said the low-interest rate..."
- Morgan Stanley - Gold: $2,200 (in first half of 2012) "Gold will lead a rally in commodities in 2012 as Europe's sovereign-debt crisis continues to roil financial markets, spurring demand for ..."
- UBS - Gold: $2,050 average in 2012 "[Gold] remains one of the top commodity picks for 2012 as 'most of the factors that pushed gold higher in 2011 are not going away,' according to UBS..."
- Bank of America Merrill Lynch - Gold: $2,150 - $2,200 (average in 2012) "From a technical perspective we believe that the bull trend for gold remains intact… with gold having not yet met any of..."
- TheStreet.com - Gold: $2,500 (by May 2013) "I want to own gold here. I think gold is going to $2,500 eighteen months from now... Gold has been up for ten straight years and this going to be the..."


