U.S. One Dollar Gold Coins can trace their beginnings back to the pre-Civil War days and the year of 1849. This would be a little less than 50 years when the Coinage Act of 1792 came into fruition and a year before the infamous discovery of gold at Sutters Mill in California. James B. Longacre was the one who designed U.S. One Dollar Gold Coins and it was said that he designed three types
of U.S. One Dollar Gold Coins during the first seven years that he designed them.
At first, the U.S. One Dollar Gold Coins where slightly bigger than a dime is today. The orginial U.S. One Dollar Gold Coins had an Indian head on one side and a wreath on the other. Between the years of 1851 and 1853, the mint in Philadelphia were the ones who were responsible for making U.S. One Dollar Gold Coins. These U.S. One Dollar Gold Coins were 12.7 mm in diameter with the original
Indian head and they were called Type 1 gold dollar coins. A total of 12 million Type 1 U.S. One Dollar Gold Coins were minted with 10 million of them minted in Philadelphia alone.
By the end of the 1860’s, 8 million of these Type 1 U.S. One Dollar Gold Coins were melted down which by the end of the decade meant that two-thirds of these coins were victims of being melted down. Speaking of the rarest of the U.S. One Dollar Gold Coins, no doubt it is the 1849C. The C meant that the coin was minted in Charlotte, North Carolina. It was a coin that only had the wreath on it and the other side was blank. The 1853 gold one dollar coin that was minted in Philadelphia is noted as being one of the most counterfeited coins in the world, definitely inside of the United States.
The Type 2 of the U.S. One Dollar Gold Coins started being minted in 1854 and is known as the Indian Princess Head Dollar. These Type 2 U.S. One Dollar Gold Coins are commonly called the Small Indian Head Princess Dollar so the coin could be differentiated from the Type 3
U.S. One Dollar Gold Coins as these gold coins featured a larger Indian head and the Indian Head was featured on the front and the back of the coin.
Type 3 coins are slightly bigger than the Type 2 U.S. One Dollar Gold Coins but the thing that that makes the Type 2 so big of a collectable is because there was a low number of the coins minted in the three years that they were in production. When it comes to the Type3 U.S. One Dollar Gold Coins, the rarest and most collectable are the ones that were minted Dahlonega. Georgia in 1861. These coins were actually minted by the Confederates during the first part of the Civil War and it is said that only 1,250 of these coins were minted.
It is said by coin collecting experts that the most faked U.S. One Dollar Gold Coins are from the years between 1853 and 1855 and the ones from 1868. The most important thing when it comes to examing these coins is to make sure no foreign marks are on the coins because that is a certain sign tha the gold coin has been counterfeited.