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The Certified $1 Gold Liberty 1854 Type 2 MS61 NGC is a distinguished example of early American gold coinage, representing a pivotal moment in the history of U.S. numismatics. Minted during a period of significant change in American coinage, this particular coin is part of the Type 2 series of the Liberty Head gold dollar, which was introduced to address issues with the earlier designs. The 1854 Type 2 Gold Liberty dollar is notable for its transitionary design and its role in the evolution of American gold coinage.
The history of the Liberty Head gold dollar begins with the Coinage Act of 1849, which authorized the production of a new gold dollar coin. The initial design, known as the Type 1 Liberty Head gold dollar, featured a small Liberty Head with a distinctive coronet. However, this design faced criticism for its small size and limited visibility of the details, leading to the adoption of the Type 2 design in 1854. The Type 2 design, introduced by engraver James B. Longacre, aimed to address these issues by enlarging the coin and improving the design's clarity.
The 1854 Type 2 Liberty Head gold dollar features several distinctive design elements that differentiate it from its predecessor. The obverse of the coin depicts a larger, more prominent Liberty Head, facing left, with a coronet inscribed with the word "LIBERTY." This design change resulted in a more robust and easily recognizable representation of Liberty. The reverse of the coin showcases an eagle with outstretched wings, clutching a shield, with the inscription "UNITED STATES OF AMERICA" and the denomination "$1" surrounding it. The increased size of the coin allowed for more detailed engraving and a clearer presentation of the design elements.
The 1854 Type 2 Gold Liberty dollar was struck at the Philadelphia Mint, which was the primary minting facility for gold coins at that time. The Philadelphia Mint, established in 1792, was the cornerstone of American coin production and played a crucial role in producing the nation’s gold and silver coinage. The 1854 Type 2 Gold Liberty dollar is part of a relatively small mintage for this series, with only a limited number of coins produced. The mintage for the 1854 Type 2 Gold Liberty dollar is estimated to be around 2,800 pieces, making it a scarce and desirable coin for collectors and investors alike.
Certified examples of the 1854 Type 2 Liberty Head gold dollar are highly prized for their rarity and historical significance. The MS61 grade assigned by NGC (Numismatic Guaranty Corporation) indicates that this particular coin is in mint state with minimal signs of wear or handling. MS61 coins exhibit high-quality detail, with only minor imperfections such as slight contact marks or surface scratches. The coin's original luster is well-preserved, and its overall appearance reflects the careful craftsmanship of the era.
Collectors and investors value the 1854 Type 2 Gold Liberty dollar not only for its historical importance but also for its role in the evolution of American coinage. The Type 2 design represents a critical improvement over the Type 1 design, addressing previous issues and setting the stage for future developments in gold coin design. The limited mintage of the 1854 Type 2 coin further enhances its appeal, as fewer examples are available on the market, contributing to its rarity and desirability.
The condition of the Certified $1 Gold Liberty 1854 Type 2 MS61 NGC coin is a testament to its careful preservation over the years. The high-grade certification ensures that the coin has been meticulously examined and graded according to strict numismatic standards. The MS61 grade reflects a coin that has retained much of its original detail and luster, making it an attractive choice for collectors seeking a high-quality example of this historic issue.
Overall, the Certified $1 Gold Liberty 1854 Type 2 MS61 NGC represents a significant piece of American numismatic history. Its design, mintage, and condition all contribute to its status as a highly sought-after coin among collectors and investors. The 1854 Type 2 Liberty Head gold dollar remains a symbol of the evolution of American coinage and a testament to the craftsmanship of the Philadelphia Mint during a transformative period in U.S. history.