1889 Gold $1 Type 3 NGC MS67 CAC

Price $4,339.00
 
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1889 Gold $1 Type 3 NGC MS67 CAC
1889 Gold $1 Type 3 NGC MS67 CAC
1889 Gold $1 Type 3 NGC MS67 CAC
1889 Gold $1 Type 3 NGC MS67 CAC
1889 Gold $1 Type 3 NGC MS67 CAC
1889 Gold $1 Type 3 NGC MS67 CAC
1889 Gold $1 Type 3 NGC MS67 CAC
1889 Gold $1 Type 3 NGC MS67 CAC

In 1849, the US Mint initiated the production of a novel gold dollar. However, a significant predicament arose – its size was too diminutive, measuring a mere half-inch or 13 millimeters in diameter. Due to its minute dimensions, the coin was consistently misplaced. During that era, losing a dollar held substantial significance, as it equated to an entire day’s wages for many individuals.

Consequently, in 1854, the US Mint minted a fresh iteration of the gold dollar, known as the Small Head Indian Princess Head gold dollar or the Type II gold dollar. Regrettably, the Mint's response to the 13-millimeter coin quandary was a coin slightly larger at 15 millimeters. For those less familiar with the metric system, a two-millimeter difference is relatively inconsequential. Moreover, Chief Engraver James B. Longacre erred by creating a relief on the coin's obverse that was excessively raised, resulting in the poor striking of numerous coins. Consequently, the majority of Small Head Indian Princess gold dollars swiftly deteriorated during circulation.

Nonetheless, the Mint's third attempt, the Type III gold dollar, introduced in 1856 and recognized as the Large Head Indian Princess gold dollar, marked a successful breakthrough. Oddly, despite its moniker, the "large head" dollar wasn't physically larger than its "small head" counterpart. Nevertheless, the Mint triumphed in resolving the production predicament, leading to well-executed dollars.

Despite the improvement, the Type III dollar struggled to gain popularity among the public. By the 1880s, it was mostly crafted as a curiosity. Collectors, however, displayed immense fondness for it, then and now. This enthusiasm stems from its accessibility and the opportunity to assemble a set comprising one coin of each type. Additionally, the distinctive design of Lady Liberty adorned with a headdress contributes to its allure.


A LITTLE STICKER MAKES A BIG DIFFERENCE.

Within each number of the coin grading scale is a small range of condition from low-end to high-end. Certified coins of the same grade can be of varying quality. Many of today’s collectors want coins that are solid or premium quality for their assigned grade. CAC holds coins to a higher standard so you can be confident in the value of yours. We verify previously graded coins … and award our sticker only to those coins that meet the standard for today’s selective buyer.

WHAT THE CAC STICKER MEANS:

  • Verified. Your coin has been verified as meeting the standard for strict quality within its grade.
  • Guaranteed. CAC stands behind our verification.

THE CAC STICKER IS BACKED BY EXPERIENCE.

CAC was founded by leading members of the numismatic community, including John Albanese, a respected authority on coin grading and the rare coin market.

 

Prices Shown Subject to Change

The pricing quoted on this page is based on the current market price for this precious metal, which constantly fluctuates and we continuously update from 7 a.m. – 5 p.m. CT, Monday through Friday.

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