On the other side, you will find the minting date and denomination inside a wreath made of holly and berries. Thirteen stars are engraved around the portrait to represent the original 13 states. Also, she is wearing a coronet with the inscription “Liberty” on her head. The type 1 design features an image of Liberty’s head that faces left. The coins had reeded edge and were minted in Philadelphia, New Orleans, San Francisco, Charlotte, and Dahlonega. However, they were extremely popular for everyday use mainly because people tend to collect them as a souvenir or gift them since they were made from 90% gold. These were the smallest coins in the history of the US Mint. Liberty Head $1 Gold Coin, Type 1 1849-1854 The first design was minted in 1849, the second one in 1855, and the third one in 1856. This is why $1 gold coins are so much valuable nowadays.Īlso Read: George Washington Gold Dollar Coin 1789 To 1797 Value Types of Old Gold Dollars from 1849-1889įrom 1849 until 1889 only three types of $1gold coins were produced for circulation. Only collectors were allowed to keep numismatic or collectible pre-1933 gold coins. In fact, so many people used them for ornaments or gifts that it was considered that further minting was a waste of gold.ĭuring the Great Depression, gold reserves were so low that President Roosevelt signed executive order 6102, which required citizens to turn in gold coins. Unfortunately, these coins lasted only until 1889 since coins were so small they weren’t convenient to use. The first $1 gold coins were struck as a regular issue in 1849. However, the situation changed in early 1848 with the massive influx of gold from the California Gold Rush. mint legal-tender $1 coins in both gold and silver composition? For some reason, congress only allowed minting of the silver coins. History Of The Real Gold Dollar Coinsĭid you know that in 1791, Alexander Hamilton suggested that the U.S. In this article, we will take you through the gold dollar coin value list and help you learn the difference between these two types. However, these new-age golden dollar coins are considered as one of the prettiest US coins ever made, so they are very attractive to collectors and can actually be super valuable.Įven though old gold dollars can’t be found in a pocket change anymore since they aren’t in circulation you should definitely check your pocket change for some new-age golden dollars. The modern “gold dollars” were minted in large quantities in hopes that they will become widely popular, which didn’t happen. However, they contain absolutely no gold whatsoever. ![]() ![]() A reason behind that is the fact that they are all made with a copper core and an outer layer of manganese brass alloy that reminisce golden in color. ![]() The second type is coins minted from 2000 to the present day and they are called “golden dollars”. The first type is coins that were minted from 1849 until 1889 and they contain 90% gold. There are two different types of Gold dollars.
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