Type One gold dollars were first minted in
1849. It wasn’t long before complaints started coming into the
Mint. Its very small size led to problems in handling and reading the
inscriptions. What’s worse, they were easily lost or misplaced.
Mint Director James Snowden instructed Engraver James Longacre to
design a thinner coin with a larger diameter. The result was a new gold
dollar in 1854, featuring an Indian princess. Numismatists call this
the Type Two gold dollar, characterized by a 15 mm diameter, 2 mm
larger than Type One.
Unfortunately, the Type Two dollar design posed
difficulties in
striking, causing some elements to appear as weak or
non-existent. Once in circulation, quick wear was the norm.
Because of these problems, Type Two was replaced by Type Three in 1856.
The 1855-D Gold Dollar is by far the rarest of the Type Two design. In
fact, its minuscule mintage of 1,811 pieces is the second lowest of all
the Dahlonega gold dollars. Only an estimated 70 to 90 are extant
today. The challenge of owning an 1855-D Gold Dollar is formidable,
making it evermore popular with advanced collectors.
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