You’ve probably heard of silver dollars, but what about gold dollars?
Though gold dollars may not be as widely collected as coins like the Morgan dollars and Peace silver dollars, gold dollars, in their heyday, saw circulation from coast to coast and were very important coins in commerce.
These tiny gold dollars represented a lot of purchasing power in their day and were quite popular with the masses.
Gold Dollars: Small But Popular
The Act of March 3, 1849 authorized the production of gold dollars.
Gold dollars were minted from 1849 through 1889.
During that time, gold dollar production went into the millions during several years.
- Philadelphia (no mintmark)
- Charlotte (C)
- Dahlonega (D)
- New Orleans (O)
- San Francisco (S)
Gold dollars are small — far tinier than their silver dollar counterparts. At only 13 to 15 millimeters wide and weighing in at just 1.672 grams, gold dollars are dwarfed by most other coins.
3 Different Types Of Gold Dollars
If you’re collecting by type, there are 3 different varieties of gold dollars that you’ll be searching for:
- Type I: Liberty Head (1849 to 1854)
- Type II: Small Indian Princess Head (1854 to 1856)
- Type III: Large Indian Princess Head (1856 to 1889)
Depending on how you’re planning to collect gold dollars, you may opt to purchase one of each design type or, perhaps, even try for one of each date and mintmark.
While there was a significant design change between Type I and Type II gold dollars, another major difference between the two is the diameter of the coin:
- Type I gold dollars measure 13 millimeters wide
- Type II and Type III gold dollars have a 15 millimeter diameter
James B. Longacre designed each of the different gold dollar designs. If his name sounds familiar, it’s probably because he also designed other coins, including:
- Flying Eagle cent
- Indian Head penny
- Two Cent coin
- Silver Three Cent trime
- Nickel Three Cent piece
- Shield nickel
- Liberty Head double eagle
Gold Dollar Values
Gold dollar coins are, as a type, easy enough to find. Most coin dealers who sell gold coins will have some gold dollars to choose from, too. However, in the gold dollar series are some very scarce dates that will be difficult to locate.
Gold dollar prices tend to swing up and down a bit based on the current price of gold bullion. However, you’ll see that gold dollar prices tend to change much more subtly than larger gold coins (like the double eagle) when bullion prices fluctuate.
With gold at about $1,400 an ounce, the amount of gold in a gold dollar is worth around $70.
However, the numismatic value of these coins pushes prices much higher. A common-date worn example of a gold dollar will set you back anywhere between $225 and $400.
Here’s a look at the values of the scarcer gold dollars:
*Prices are for coins in XF-40 grade
- 1849-C Close Wreath: $1,750
- 1849-D Open Wreath: $250,000
- 1850-C: $1,850
- 1850-D: $2,500
- 1851-C: $1,450
- 1851-D: $2,100
- 1852-C: $1,500
- 1852-D: $2,900
- 1853-C: $1,600
- 1853-D: $1,900
- 1854-D: $2,700
- 1855-C: $5,500
- 1855-D: $15,000
- 1856-D: $7,000
- 1857-C: $2,800
- 1857-D: $3,000
- 1858-D: $3,000
- 1859-C: $3,300
- 1859-D: $2,500
- 1860-D: $5,000
- 1861-D: $13,500
- 1875: $5,000