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$1 Liberty Gold Dollar (Type 2) Low Premium

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  • Title: $1 Liberty Gold Dollar (Type 2) Low Premium
  • Metal: Gold

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 2 design repalced the Type 1 deisgn in 1854, and is typically refered to as the "small head" design, and was an adaptation of a similar design that appeared ont he $3 gold piece.

The Obverse 
The obverse shows Lady Liberty depicted as an Indian princess. Longacre had designed this version of Liberty after the Venus Accroupie, or Crouching Venus: a sculpture on display, at the time, in the Philidelphia museum.

The Reverse 
On the Reverse of the coin, Longacre used the Reverse design which appeared on the 3-dollar coin, which depicts an "agricultural wreath." Composed of corn, tobacco, cottom, and wheat--the design unites industries of the North and South. Shown inside of the wreath, is the denomination, and the year of the coins minting.

The design was altered in 1856, when the centered head was enlarged for the Type 3, or "large head" design.

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