The design on the type 3 coins is the same as the design on the type 2 coins, except with small proportions. 

Obverse 

On the coin’s obverse is the image of Lady Liberty, looking off camera in the familiar profile view we all know. This coin is different from the type 2 coin because of the size of Lady Liberty’s head. Lady Liberty’s head is smaller on the third coin than the second. The difference between type 1 and type 2 & type 3 is that type 1 features a Greco-Roman inspired wreath headdress with thirteen stars, an ode to the thirteen original colonies. The second and third renditions feature a headdress that is described by most as a Native American Indian headdress. The Native American headdress is much larger than the Greco-Roman inspired one. It features beading and feathers. Underneath, Lady Liberty’s hair is curled and neck-length. 

Reverse 

On the coin’s reverse is a depiction nearly exactly like the reverse of the Flying Eagle Cent. The Flying Eagle Cent was also designed by Longachre, but was based on the work of his predecessor, Christian Gobrecht. It was used in 1856, 1857, and 1858.The same image was used on the $3 gold piece, which came in tandem with this coin. The coin also features wording similar to the type 1 and type 2 coins. 

Facts about the Indian Head (Type 3) Gold Coin 

• Type 3 suffers from poor strikes. The weakness is found within the coin’s high points, as well as the date the coin was minted, and the two “Ls” of the word “DOLLAR.” 
• The issues with striking resulted in the coin being revamped three times in total, including in 1856.
• The Type 3 coin is especially sought after by collectors. It features a widespread demand by collectors who want to finish out their collection with a type 1, type 2, and type 3. 
• This coin, like most others, gets its value from rarity. Currently the rarest coin in this collection was produced in 1855 at the Delaware Mint. That means it is an 1855-D $1 gold coin. Coins produced that year at that mint are considered truly scarce. 
• The most common coins in this collection are the 1854 and 1855 Philadelphia Mint-produced coins. Coins from this collection produced at the Philadelphia Mint are not considered rare – and the years 1854 and 1855 were especially plentiful, though, proof examples of these coins are rare.