One of the rarest coins in US history was given its status as a unique product courtesy of the Great Depression. Battling financial woes, the federal government collected all gold coins in circulation starting in 1933 to melt down for gold bar production. Silver.com now offers a limited supply of Pre-33 $1 Indian Gold Dollars.
- Contains .048375 ounces of .900 fine gold.
- Issued a $1 (USD) face value by the federal government.
- Smallest coin ever struck by the United States Mint.
- Available in Extra Fine, or Extremely Fine, condition.
- Categorized as Type 3 coin in the series.
United States gold coins didn’t account for a major portion of circulation currency until the 1830s, when gold was discovered in the Carolinas and Georgia. However, it was the infamous Gold Rush of 1849 in California that swayed the government to begin introducing more gold coins into circulation.
Among the first coins struck following the California Gold Rush was the $1 Indian Head Gold Dollar. Although it was the third iteration of the coin in the $1 gold coin series, it was part of a larger series that was produced from 1849 to 1889. Lady Liberty was featured on the original, Type 1, coins. Type 2 coins featured an Indian Head design, but had an altered size.
These Pre-33 $1 Indian Gold Dollars are part of the Type 3 series. These coins were all minted from 1856 to 1889, and by volume were the most common gold dollars. Each coin in this series is available in Extra Fine condition. Coins with an XF grade show only very light wear on the highest points of the design sets. The coins also maintain some of the original mint luster.
On the obverse side of each coin is the face value and year of minting, with a wreath of leaves surrounding the engravings. The reverse side of the coin features the left-profile bust of a Native American, complete with a feathered crown.
The United States Mint produced these original $1 gold coins at a number of its mint facilities, including San Francisco, Denver, Philadelphia, Dahlonega, New Orleans, and Charlotte. If you have questions for a Silver.com associate about these coins, please contact us at 888-989-7223, chat with us online, or send us an email. If you are interested in similar products, visit the Pre-1933 Gold Coins section of Silver.com.