Lot 856
1855 $1 Gold Indian. PCGS graded MS-62. Frosty and untoned, a few light hairlines in the field, with contrasting brownish toning on the highest feather puffs and hair waves. Scarce Type 2 design. The Indian small head gold dollar -- second of three circulating U.S. gold coins of this denomination -- was short-lived. Fabrication of the coin, designed by Chief Mint Engraver James Barton Longacre, was carried out over just three calendar years: 1854, 1855 and 1856. The mintage for circulation totaled 1,752,219 pieces split between five production facilities: Philadelphia (no mint mark), San Francisco (S mint mark), New Orleans (O mint mark), Dahlonega, Georgia (D mint mark), and Charlotte, North Carolina (C mint mark). The mint mark is positioned on the coin's reverse, below the wreath.
More than 94 percent of the mintage of the Indian small head came from the Philadelphia Mint the first two years, with mint records of 902,736 struck in 1854 and 758,269 in 1855 (PCGS # 7532) .
Estimated Value $3,500 - 3,700.
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