We are offering an 1853 type 1 gold dollar. There is zero wear on both sides. The coin has full mint luster. Contact marks are small and faint.

The gold dollar or gold one-dollar piece is a gold coin that was struck as a regular issue by the US mint from 1849 to 1889. The coin had three types over its lifetime, all designed by Mint Chief Engraver James B. Longacre. The Type 1 issue has the smallest diameter of any United States coin minted to date. A gold dollar coin had been proposed several times in the 1830s and 1840s, but was not initially adopted. Congress was finally galvanized into action by the increased supply of bullion caused by the California Gold Rush, and in 1849 authorized a gold dollar. In its early years, silver coins were being hoarded or exported, and the gold dollar found a ready place in commerce. Silver again circulated after Congress in 1853 required that new coins of that metal be made lighter, and the gold dollar became a rarity in commerce even before federal coins vanished from circulation because of the economic disruption caused by the Civil War. Gold did not again circulate in most of the nation until 1879; once it did, the gold dollar did not regain its place. In its final years, it was struck in small numbers, causing speculation by hoarders. It was also in demand to be mounted in jewelry. The regular issue gold dollar was last struck in 1889; the following year, Congress ended the series.

T-2 - QXZQ- 3/21 - S62 - BC4/21 - 2000

DISCLAIMER: Please examine the photos carefully and purchase based on the condition you see and believe the item is. We do not offer any of our currency or coins that are raw with grades, we offer them only with photos and our asking price. We will state our opinion, but, you be the judge of the quality of our raw currency and coins. We will not specify or guarantee a grade unless the coin or currency has been professionally graded by PCGS, NGC, or PMG. Further, we do not guarantee any raw coin or currency to meet any specific grade by any other standards

ITEM ID
RL004384
ITEM TYPE
Antique

Treasure Hut

1853 $1 Gold Type 1 US Coin

$530

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    Medford Chason
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    North Charleston , SC This Shop is rated Gold - 100 or more sales Goldsince 2021

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