The $1 Indian Head (Type 3) gold coin was revised three times during its 40 year life. The release of the coin’s 1854 design coincided with the creation and release of the $3 gold piece, also put out by the United States Mint. Each of the coins was designed by James Barton Longacre, a celebrated engraver and artist. Longacre is most known as the designer of the Indian Cent, which is still sought after by collectors today.
Years produced: This coin was produced between 1849 and 1889. Each of the types was produced for a specific period of time before a new iteration came along.
Mint mark: varies based on the location of production
Manufacturer: United States Mint (at a mint location in the United States)
Face value: $1 USD
Country of Issuance: United States
Designer of Oberse: James B. Longacre
Designer of Reverse: James B. Longacre
The design on the type 3 coins is the same as the design on the type 2 coins, except with small proportions.
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.
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
Yes. These coins may be high value if they are in good condition and were minted in certain years. If you’d like to trade one of these coins in or perhaps sell one or many, working with a responsible dealer is of the utmost importance. A dealer will get you the best price for your coins. These coins are not only valued for their metal content but also for their historic significance.
Yes. Get the best deal by working with a known buyer. Not only do you want to get a good monetary value for the coin, you also want to be sure that the stock of coin you’re being sold are the best available coins on the market. Work with a dealer that knows what good coins look like.