Here is an annular (circular) pattern with a wide opening that restricts the legends to the date, denomination, and country name.
The lower half of the reverse displays a wreath.
The reason for experimentation with gold dollars was to provide a larger, more convenient diameter for the coins.
Gold dollars were small and easily lost, and in the early 1850s they represented a substantial amount of money for the average worker.
Convenience lost out, however, to a more practical solution: The amount of silver was reduced in most subsidiary coinage in 1853, which returned the silver denominations to the channels of commerce rather than going to the melting pot. And the gold dollar diameter was increased in 1854, via the Type Two format. This is the only PR68 to be graded.
Listed in PR67 in the PCGS price guide at $47,500 and unlisted in the NGC price guide.
All items are shipped within 3 – 5 business days after receipt of payment unless otherwise stated at the time of purchase. Sets may require an additional 2 – 3 days for assembly and completion.We ship via US Postal Service: First Class Mail, Priority Mail and Express Mail services are available.
With the exception of Bullion Items, Eastern Numismatics offers a 30-day unconditional return guarantee covering our Numismatic and Collectible Items. Returned items must be received at ENI within 30-days of their delivery to the client for this guarantee to be in effect. Items must be sent to: ENI, 642 Franklin Avenue, Garden City NY 11530 Attn: Returns.
Let our four decades of honest service and industry networks work for you. Our efforts to improve product quality and service has led us to a diverse and exeptional numismatic inventory in order to meet the challenges of today’s rare coin market and the needs of our clients. We have been servicing investors and collectors since 1974 and are members of all major consumer and trade organizations, including the American Numismatic Association, the Better Business Bureau, the Professional Numismatists Guild. At Eastern Numismatics we are ready to work for you and help turn your rare coin investment into gold. Call today and speak with one of our qualified ENI coin consultants. They will help you select the best quality rare coins and precious metals for your hard earned money.
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