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JEWELRY DAMAGED 1854 TYPE 2 GOLD DOLLAR

Currency:USD Category:Coins & Paper Money / US Coins - Gold Start Price:1.00 USD Estimated At:200.00 - 400.00 USD
JEWELRY DAMAGED 1854 TYPE 2 GOLD DOLLAR
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Mint: Philadelphia
Mintage: 783,953
Obverse Designer: James B. Longacre
Reverse Designer: James B. Longacre
Composition: Gold
Weight: 1.6700g
Diameter: 15mm
Edge: Reeded

The Small Head Type Two gold dollar is a notoriously scarce type. It was struck for only three years, with the final year of production limited to a tiny San Francisco emission. San Francisco was late in the game due to the geographic distance between the two coasts. Each of the other three branch mints then in operation, Charlotte, Dahlonega, and New Orleans, struck a small number of Type Two pieces in 1855.

Due to the cost and scarcity of the branch mint issues, most type collectors choose either the 1854 or 1855 Philadelphia dates. Their mintages are similar, separated by only 25,674 pieces, and they trade at equivalent levels. The 1854 mintage of 783,943 pieces compares favorably with the more than 4 million pieces struck in 1853. Undoubtedly, the reason for the much smaller production is related to the heavy mintage of silver half dimes through half dollars in 1853.