1857 ONE DOLLAR LIBERTY INDIAN PRINCESS US GOLD COIN Type III Lg HEAD

1857 GOLD INDIAN PRINCESS $1 DOLLAR COIN LARGE HEAD Type III The gold dollar or gold one-dollar piece is a gold coin thatwas struck as a regular issue by the United States Bureau of the Mint from 1849to 1889. The coin had three types over its lifetime, all designed by Mint ChiefEngraver James B. Longacre. The Type 1 issue has the smallest diameter of anyUnited States coin minted to date. A gold dollar coin had been proposed several times in the1830s and 1840s, but was not ini...tially adopted. Congress was finally galvanizedinto action by the increased supply of bullion caused by the California goldrush, and in 1849 authorized a gold dollar. In its early years, silver coinswere being hoarded or exported, and the gold dollar found a ready place incommerce. Silver again circulated after Congress in 1853 required that newcoins of that metal be made lighter, and the gold dollar became a rarity incommerce even before federal coins vanished from circulation because of theeconomic disruption caused by the American Civil War. Gold did not again circulate in most of the nation until1879; once it did, the gold dollar did not regain its place. In its finalyears, it was struck in small numbers, causing speculation by hoarders. It wasalso in demand to be mounted in jewelry. The regular issue gold dollar was laststruck in 1889; the following year, Congress ended the series. Damaged common date gold dollars tend to be worth anywherefrom melt value to about US$150; common dates of higher circulated grades sellfor about US$250 while rarer coins in high grades can be worth up to manythousands.Design of Type 2 and 3 dollarsThe Type 2 and 3 gold dollars depict Liberty as a NativeAmerican princess, with a fanciful feathered headdress not resembling any wornby any Indian tribe. This image is an inexact copy of the design Longacre hadmade for the three-dollar piece, and is one of a number of versions of Libertythat Longacre created based on the Venus Accroupie or Crouching Venus, asculpture then on display in a Philadelphia museum. For the reverse, Longacreadapted the "agricultural wreath" he had created for the reverse of thethree-dollar piece, composed of cotton, corn, tobacco, and wheat, blending theproduce of North and South. This wreath would appear, later in the 1850s, onthe Flying Eagle cent.  Art historianCornelius Vermeule deprecated the Indian princess design used by Longacre forthe obverses of the Types 2 and 3 gold dollar, and for the three-dollar piece, "the 'princess' of the gold coins is a banknote engraver's[c] elegantversion of folk art of the 1850s. The plumes or feathers are more like the crestof the Prince of Wales than anything that saw the Western frontiers, save perhapson a music hall beauty."War yearsThe gold dollar continued to be produced in the late 1850s, though mintages declined from the figures of two million or more each yearbetween 1850 and 1854. Only about 51, 000 gold dollars were produced in 1860, with over two-thirds of that figure at Philadelphia, just under a third at SanFrancisco, and 1, 566 at Dahlonega. Roughly a hundred are known of the last, creating one of the great rarities from Dahlonega in the series. The 1861-D dollarThe other candidate for the rarest from that mint is the1861-D, with an estimated mintage of 1, 000 and perhaps 45 to 60 known. Twopairs of dies were shipped from Philadelphia to Dahlonega on December 10, 1860;they arrived on January 7, 1861, two weeks before Georgia voted to secede fromthe Union, as the American Civil War began. Under orders from Governor JosephE. Brown, state militia secured the mint, and at some point, small quantitiesof dollars and half eagles were produced. Records of how many coins were struckand when have not survived. Since dies crack in time, and all the mints weresupplied with them from Philadelphia, coining could not last, and in May 1861, coins and supplies remaining at Dahlonega were turned over to the treasury ofthe Confederate States of America, which Georgia had by then joined. Gold coinswith a total face value of $6 were put aside for assay. Normally, they wouldhave been sent to Philadelphia to await the following year's meeting of theUnited States Assay Commission, when they would be available for testing.Instead, these were sent to the initial Confederate capital of Montgomery, Alabama, though what was done with them there, and their ultimate fate, areunknown. The rarity of the 1861-D dollar, and the association with theConfederacy, make it especially prized. Dahlonega, like the other two branch mints in the South, closed its doors after the 1861 strikings. It and the Charlotte facility neverreopened; the New Orleans Mint again struck coins from 1879 to 1909, but didnot strike gold dollars again. After 1861, the only issuance of gold dollarsoutside Philadelphia was at San Francisco, in 1870.The outbreak of the Civil War shook public confidence in theUnion, and citizens began hoarding specie, gold and silver coins. In lateDecember 1861, banks and then the federal Treasury stopped paying out gold atface value. By mid-1862, all federal coins, even the base metal cent, hadvanished from commerce in much of the country. The exception was the Far West, where for the most part, only gold and silver were acceptable currencies, andpaper money traded at a discount. In the rest of the nation, gold and silvercoins could be purchased from banks, exchange agents, and from the Treasury fora premium in the new greenbacks the government began to issue to fill the gapin commerce and finance the war.
NO RESERVE. 
 COIN COMES SHIPPED INSURED WITH SIGNATURE CONFIRMATION REQUIRED. COIN PICTURED IS WHAT YOU GET. 100% AUTHENTIC COIN I DO COMBINE SHIPPING ON ALL ORDERSEMAIL IF YOU HAVE ANY QUESTIONS


Read more