Early Gold Bullion $1 Liberty Gold type1 Extra Fine to AU

Qty	Wire/Check	Bitcoin	CC/PayPal
Any	$399.00	$402.99	$414.96

The Early Gold Bullion $1 Liberty Gold Coin, Type 1, is a significant piece of American numismatic history, representing the smallest gold denomination ever produced by the United States Mint. Struck between 1849 and 1854, this coin was introduced during the California Gold Rush, a period of immense economic and cultural transformation in the United States. Its compact size, intricate design, and historical importance make it a prized collectible and a testament to the ingenuity of American coinage.

The $1 Liberty Gold Coin, Type 1, was authorized by the Act of March 3, 1849, as part of a broader initiative to utilize the influx of gold from California. The introduction of this coin marked a milestone in U.S. monetary history, as it provided an accessible gold denomination for everyday commerce. Its small size and practical value made it a convenient form of currency, particularly in the expanding western territories. The Type 1 design was the first iteration of the $1 Liberty Gold Coin series, laying the foundation for subsequent designs.

The obverse of the Type 1 $1 Liberty Gold Coin features a portrait of Lady Liberty in profile, facing left. Designed by James B. Longacre, the Chief Engraver of the U.S. Mint, this depiction of Liberty is adorned with a coronet inscribed with the word “LIBERTY.” The portrait is surrounded by 13 stars, symbolizing the original colonies, and the year of issue is placed at the bottom. The obverse design captures the elegance and classical artistry of mid-19th century American coinage, reflecting the ideals of freedom and unity.

The reverse of the Type 1 $1 Liberty Gold Coin is equally captivating, featuring an open wreath encircling the denomination “1 DOLLAR” and the year of issue. The wreath, composed of agricultural motifs such as cotton and wheat, symbolizes the economic prosperity and agricultural abundance of the United States during the period. The simplicity and balance of the reverse design complement the obverse, creating a coin that is both functional and aesthetically pleasing.

The $1 Liberty Gold Coin was struck at multiple mints, including Philadelphia, Dahlonega, Charlotte, and New Orleans. The mintmark, located on the reverse beneath the wreath, identifies the facility where the coin was produced. Coins from the Dahlonega (D) and Charlotte (C) mints are particularly sought after due to their lower mintages and the historical significance of these Southern mints. New Orleans (O) issues also carry their own unique appeal, reflecting the mint’s role in producing coinage for the southern and western regions of the United States.

Mintage figures for the Type 1 $1 Liberty Gold Coin vary significantly, with Philadelphia producing the largest quantities. For example, in 1851, the Philadelphia Mint struck over 3.3 million coins, making it one of the most common dates in the series. By contrast, the Dahlonega Mint produced just 6,360 coins in 1854, making this issue one of the rarest and most valuable. These variations in mintage add to the appeal of the series, offering collectors a wide range of dates and mintmarks to pursue.

The composition of the $1 Liberty Gold Coin, Type 1, adheres to the high standards of 19th-century American gold coinage. Each coin is struck in 90% gold and 10% copper, an alloy known as “crown gold,” which ensures durability while retaining its intrinsic value. The coin weighs 1.672 grams and contains 0.04837 troy ounces of pure gold. This combination of portability and value made the Type 1 $1 Liberty Gold Coin a practical and trusted medium of exchange during its time in circulation.

The historical context of the Type 1 $1 Liberty Gold Coin enhances its numismatic significance. Minted during the California Gold Rush, these coins represent a period of rapid economic expansion and westward migration in the United States. They were used extensively in commerce, particularly in the gold-rich regions of California and the western territories, where the value of gold was deeply ingrained in the local economy. The coin’s introduction also reflects the technological advancements and ingenuity of the U.S. Mint during this transformative era.

The condition of Early Gold Bullion $1 Liberty Gold Coins in Extra Fine (XF) to About Uncirculated (AU) grades reflects their history of use and preservation. Coins in Extra Fine condition exhibit moderate wear on the highest points of the design, such as Liberty’s hair and the wreath on the reverse, but retain much of their original detail and luster. About Uncirculated examples show minimal wear, typically confined to the most exposed areas, and often display a significant portion of their mint luster. These grades are highly desirable among collectors, offering a balance between historical authenticity and visual appeal.

The artistry of the Type 1 $1 Liberty Gold Coin is a testament to the skill and vision of its designer, James B. Longacre. The obverse portrait of Liberty captures the classical beauty and symbolism of the era, while the reverse design emphasizes simplicity and practicality. The combination of these elements creates a coin that is both elegant and functional, reflecting the ideals and priorities of mid-19th century America. The intricate detailing and high-quality craftsmanship of these coins continue to captivate collectors and enthusiasts.

The Type 1 $1 Liberty Gold Coin holds enduring appeal for collectors and investors alike. Its gold content provides intrinsic value, making it a reliable hedge against economic uncertainty and a secure store of wealth. At the same time, its historical and cultural significance enhances its desirability as a collectible. The coin’s compatibility with other denominations and series, such as the Type 2 and Type 3 designs, adds to its versatility and appeal within a collection. Its compact size and rich history make it a fascinating piece of American numismatic heritage.

The legacy of the Type 1 $1 Liberty Gold Coin is one of innovation, resilience, and artistry. As the smallest gold coin ever minted by the United States, it embodies the practicality and ingenuity of 19th-century American coinage. Its production at multiple mints and its role in facilitating commerce during the California Gold Rush provide a rich narrative for collectors to explore. For those who appreciate the beauty and history of gold coins, the Type 1 $1 Liberty Gold Coin represents a timeless and valuable addition to any numismatic collection.

The Early Gold Bullion $1 Liberty Gold Coin, Type 1, in Extra Fine to About Uncirculated condition, is a piece of American history that combines elegance, historical significance, and tangible value. Whether acquired for its artistry, its gold content, or its historical relevance, this coin continues to inspire admiration and appreciation among collectors and investors worldwide. Its enduring legacy ensures that it remains a cherished and iconic symbol of America’s numismatic heritage.