1862 Princess $1 Gold Piece PCGS Certified MS63

The discovery of gold in 1848 at Sutter’s Mill in California persuaded Congress to expand its use in coin production. In March of 1849, legislation authorized the mintage of two new denominations of gold coins, the one dollar and twenty-dollar gold pieces, which became the smallest and largest regular production gold coins ever made in terms of both value and size.

At three-quarters the diameter of a dime, the new gold dollar was also the smallest U.S. coin of any denomination. Despite its diminutive size, the tiny gold dollar had substantial purchasing power and amounted to a generous day’s wages in 1849. The obverse of the first gold dollar (Type 1) featured a left-facing Liberty wearing a coronet, or small crown, encircled by 13 stars representing the original states. The reverse bears the denomination within a simple wreath.

Production of the gold dollar continued for 40 years in various forms at five mints: Philadelphia, New Orleans, San Francisco, Charlotte (North Carolina), and Dahlonega (Georgia). The diameter was increased in 1854 and the obverse design was changed to an Indian Princess motif (Type 2). The reverse was also modified, though still featured a wreath encircling the denomination. Due to repeated issues with strike quality, the Indian Princess design was further modified slightly in 1856 (Type 3), with the resultant version employed through 1889.

Offered here is a nice Civil War-era mint-state example of the Type 3 1862 Indian Princess $1 Gold Piece. You will receive the unique coin shown in the photos housed in a plush-lined box with a certificate of authenticity.