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Coin Details - $1 Indian

$1 Indian Rare Gold Coin
$1 Indian - Image 1
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$1 Indian - Image 2
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Description

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.

Design

$1 Gold Indian Head Type II
The design of the coin is very similar to that of the $3 Indian Princess. When the $1 Liberty Gold Coin was redesigned in 1854, the caricature 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 thirteen stars. The new Type II design featured Lady Liberty wearing an Indian headdress surrounded by the words 'UNITED STATES OF AMERICA'.

A wreath encircles the denomination and date on the $1 Indian gold coin's reverse. This wreath is composed of tobacco, wheat, corn and cotton ' the principle 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 them. In 1857, Indian Head Type III $1 gold coins were born. The redesign was meant to give the coin a more sharp 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

Minting Information

In an effort to make the coin appear larger, the Type I was flattened to add 3 millimeters to the diameter to create the Type II. This caused several problems in the striking of the coin from the very beginning. The high relief of the head on the obverse prevented certain relief areas on the corresponding part of the reverse from striking up properly, especially the central two digits of the date. There were also problems with the strike of Miss Liberty's head and parts of the wreath. 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
Designer: James B. Longacre
Gross Weight: 1.672g Gold Content: 0.04837 oz.
Composition: 90% gold, 10% copper
Diameter: 13mm Edge: Reeded
Dates: 1854-56 (Type II); 1856-89 (Type III)
Mints: Charlotte (1855), Dahlonega (1855-61), New Orleans (1855), Philadelphia (all dates), San Francisco (1856-60; 1870)
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