1853 $1 Liberty Head Gold Type 1 MS-67 NGC
This 1853 Liberty Head Gold Dollar has been graded MS-67 by NGC. This is a top pop coin with none graded higher by NGC.
- Contains .04837 oz of Gold.
- Population of 9 coins at this grade level with 0 graded higher.
- NGC encapsulation protects and guarantees the MS-67 condition.
- Obverse: Longacre's rendition of Liberty.
- Reverse: Denomination and date inside a wreath.
- Guaranteed by the U.S. Mint.
Protect and display your Type 1 $1 Liberty Head Gold coin in style by adding an attractive display or gift box to your order.
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* Population as reported by NGC as of 9/23/16.
Introduced in 1849 as a response to increasing Silver prices taking Silver coinage out of circulation and the influx of Gold from the California Gold rush, the Gold dollar remains the smallest coin produced for use in American commerce. After considering several designs, including an annular design to increase the coin's diminutive size, the coin was initially released in 1849 with a Liberty Head obverse, familiar from other denominations of contemporary Gold coinage.
In mid-1854, the Gold dollar was increased in diameter from 13.5 mm to 15 mm, as its small diameter made the coin easy to lose, detracting from its popularity. With the increase in diameter, the design was changed to match the then-new three-dollar coin. The reverse on the wreath was redesigned, and the Liberty head obverse was replaced with Longacre's Indian Princess design. This design was used on late-1854 and 1855 Philadelphia coins, 1855s branch mint issues, and finally for the 1856 San Francisco mintage.
The Indian Princess as seen on the Type 2 dollar was struck in high relief, leading to strike weakness on the central reverse, as the metal of the thin planchet tended to flow into the portrait during the minting process. The "LL" of "dollar" and the central digits of the date are almost universally weak on Type 2 dollars, especially on branch mint issues. As a result, the coin was redesigned again for the 1856 year, with an enlarged version of the Indian Princess design, identical to that on the $3. This design persisted through 1889, when Gold dollars ceased production.