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$1 Liberty Gold Dollar (Type 1) Low Premium

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  • Title: $1 Liberty Gold Dollar (Type 1) Low Premium
  • Purity: 0.9
  • Metal: Gold
  • Weight: 0.0484 oz

Full Description

Available at a Low Premium, the $1 Liberty Gold Coin is an affordable option for investors, and coin collectors alike. Valued not for its condition, the coins .0483 troy ounces of .900 gold provides enough incentive to make this a popular option for precious metals enthusiasts.

First released in 1849, the gold dollar went through three separate designs, or types, before it was discontinued in 1889. A result of the increase in gold bullion from the California gold rush, Congress authorized the production of the gold one-dollar on March 3,1849; also passed in the legislation was a call for the first ever $20 Double Eagle gold coin. 

Designed by James B. Longacre, who had become the Mint's Chief Engraver in 1844, the Type 1 design featured a classic representation of Lady Liberty. In terms of diameter, the Type 1 $1 Liberty gold coin is the smallest coin minted by the U.S. 

The Obverse 
The obverse shows Lady Liberty in her profile facing left, wearing a fringed cornet which is inscribed with "Liberty" and shows her being encircled by 13 stars. A similar design appeared on Longacre's Double Eagle.

The Reverse 
On the Reverse of the coin, "United States of America" is inscribed around the upper part of the coin, and surrounds a wreath in which the denomination, and year the coin was struck are shown. 1849 saw the Release of two types of $1 Liberty gold coins, the open wreath, and the closed wreath designs.

Full Description


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