What is the $1 Liberty Type, (Type 1) Gold Coin?
Produced by the United States Mint beginning in 1849, the $1 gold coin was popular with collectors from the start, because at the time Americans saw gold as a valuable asset. At the time, its face value was “$1 USD” and you can see the value inscribed on the reverse of the coin. The coin underwent revisions to its design, the first occurring in 1854 and another occurring two years later, in 1856. These gold coins were produced until 1889, making the total run 40 years. As far as coin runs go, 40 years is an average run. Type 1 – the Liberty gold coin was produced from 1849 to 1854, a five year run.
Whether type 1, type 2, or type 3, these coins contain .048375 troy ounces of gold. That’s why these coins have good value: 1) historical value and 2) metal content.
Specifications
- Years produced:1849 to 1854
- Mint mark: varies based on the location of production
- Manufacturer: United States Mint (at a mint location in the United States)
- Purity: .900
- Thickness: 1.02 mm
- Diameter: 13 mm
- Face value: $1 USD
- Denomination: 1
- Country of Issuance: United States
- Designer of Oberse: James B. Longacre
- Designer of Reverse: James B. Longacre
Design
This coin is known for its simple, but beautiful design, incorporating Greco-Roman inspiration and a characteristically American symbol of freedom and prosperity. The design featured on this coin was changed in 1856. In this example we’re referring specifically to the type 1 coin. On it is Lady Liberty, a symbol of America’s freedom in the face of tyranny.
Obverse
On the obverse of the type 1 coin is a Greco-Roman inspired depiction of Lady Liberty. This particular likeness of Lady Liberty is known as the Coronet design. The design gets its name from the crown she wears above her hair. For anyone not familiar with the design, it is inscribed featuring a circle of thirteen stars. Each star represents the thirteen original colonies, including Connecticut colony, Delaware colony, Georgia colony, Maryland colony, Massachusetts colony (including modern day Maine), New Jersey colony, New York colony, New Hampshire colony, North Carolina colony, Pennsylvania colony, Rhode Island colony, South Carolina colony, and Virginia colony. James B. Longacre, the coin’s designer, wanted to take classical art and contemporary icons and merge them together. That’s where the Roman-Greco influence comes in and mingles with an ode to the thirteen original colonies. If you take a look at the coin, you’ll be able to see the inspirations Longacre found.
Reverse
On the coin’s reverse is a fitting tribute to the country’s rich agricultural and farming history. The image is of a wreath of wheat, which looks marvelous against the backdrop of an all-gold coin. Rich, plentiful, and golden wheat were a mainstay crop in the United States and featured on artwork of the time. The design on the coin was a tribute to the American farmers who produced the Nation’s food supply with their hard work and perseverance. Crops of the time included wheat, corn and tobacco. Also on the back of the coin are vital statistics about the coin. The value of the coin and the year it was minted are both featured as well.
Adding the $1 Liberty Type (Type 1) Gold Coin to your Collection
Adding this coin to your collection will only complement it further. If you’re interested in this coin because of its rich history, inspired design, or gold content, you’re sure to gain a pretty spectacular coin.
Customer Testimonial
Can I sell my $1 Liberty Type (Type 1) Gold Coin?
Yes. Keep in mind, these coins are often valuable because of their rarity. They are old coins, produced in an earlier period of American history. They are valued because of their place in history and their historical design. Also, there is a value associated with their gold content. If you’re looking to buy these coins, you’ll want to work with a reputable dealer that knows the value of these coins and will give you the most fair quote.
Can I purchase a $1 Liberty Type (Type 1) Gold Coin?
Yes. When it comes to purchasing a coin this historical, working with a professional is of the utmost importance. You’ll want to work with someone that knows the value of the coin for its metal content AND its historical value. You’ll want to work with someone that understands what coins are valuable and which coins collectors don’t value.
Choose Crown Gold Exchange
Crown Gold Exchange holds the utmost respect for you and your valuables. When you visit one of our locations, we make sure that you feel welcome, and that your property is protected. We use industry-standard equipment to ensure accurate measurement of your valuables, and we have a special process to keep your valuables safe. Our accuracy enables us to offer you top dollar, and we have several different payment methods available for your convenience, so you won’t be waiting around to get paid.
Crown Gold Exchange will purchase any kind of gold you bring us, including 8-karat, 10-karat, 14-karat, 18-karat, 21-karat, 22-karat, 24-karat, or anything else. We buy gold bars, gold bullion, gold jewelry and some gold plated items like pocket watches. If you happen to be in possession of an exclusive piece made by a top gold designer such as Cartier, Tiffany, Rolex, or Patek Philippe, we will often pay more than the weight of the item. Such special pieces often command a higher price on the secondary market due to their superior craftsmanship
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