1104

Lot 1104 - 1854 $1 Gold Indian PCGS MS65 Type 2

Currency:USD Category:Coins & Paper Money Start Price:13,500.00 USD Estimated At:27,000.00 - 30,000.00 USD
Lot 1104 - 1854 $1 Gold Indian PCGS MS65 Type 2
1854 $1 Gold Indian. The legendary American classic gold dollar when it comes to rarity on this short-lived type coin. The Type 2 Indian gold coin has always been in heated demand the past three decades by type as well as date collectors. Note the overlay of gem quality luster spreading across the coin as though it were a living being, with a seductive satiny reddish tint of colors that promote contrast between the flatness of the fields to the raised legends and devices. On the obverse, the coin boasts a golden glow which reflects back the harsh light used for grading examination. Switching to the opposite side, we see identical creamy golden yellow fields with crisp devices.

The Indian small head gold dollar -- second of three circulating U.S. gold coins of this denomination -- was short-lived. Fabrication of the coin, designed by Chief Mint Engraver James Barton Longacre, was carried out over just three calendar years: 1854, 1855 and 1856. The mintage for circulation totaled 1,752,219 pieces split between five production facilities: Philadelphia (no mint mark), San Francisco (S mint mark), New Orleans, (O mint mark), Dahlonega, Georgia (D mint mark), and Charlotte, North Carolina (C mint mark). The mint mark is positioned on the coin's reverse, below the wreath.

More than 94 percent of the mintage of the Indian small head came from the Philadelphia Mint the first two years, with mint records of 902,736 struck in 1854 and 758,269 in 1855.
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