The unprecedented crossover underscores his personal efforts to combat “grade inflation.”
The final design choice for the Gold Dollar denomination was determined in 1856 and lasted until 1889 when these dollars would see their permanent demise. Since the Type 1 Gold Dollar was too small and the Type 2 that was meant to fix that ended up having problems of its own, the mint had finally had enough and came up with a plan to resolve these issues for good. That is what resulted in the creation of the Type 3 Gold Dollar. The design was changed subtly yet dramatically in ways such as enlarging and rearranging the devices to make for better metal flow. This was the goal in order to maintain the larger sized coin but fix striking issues which for the most part was successful. Although, this fix was not perfect as the smaller branch mints still suffered from weak strikes so any Dahlonega minted Gold Dollar with a crisp strike is a coin whose desirability is beyond incredible. Some rare dates to lookout for are the 1856-D, 1861-D and 1875.
Obverse Description
Indian head portrait, larger than the type 2 design, with crown centered in the design surrounded by UNITED STATES OF AMERICA around the periphery.
Reverse Description
"1 DOLLAR" is centered with date below, surrounded by a large wreath tied in a bow at the bottom. Mint mark, if any, appears at the bottom below the blow.
Book Reference
Designer: James B. Longacre. Weight: 1.672 grams. Composition: .900 gold, .100 copper (net weight .04837 oz. pure gold). Diameter: 15 mm. Edge: Reeded. Mints: Philadelphia, Charlotte, Dahlonega, San Francisco.
Key to Collecting: After having emerged from the Variety 1 and Variety 2 gold dollars, you are home free, so to speak, with dollars of the Variety 3 design minted 1856 to 1889. Actually, this is not true—for chances are good that you will find a nice Variety 3 before you acquire either of the earlier designs. Gold dollars of the Variety 3 style did not circulate extensively (except in the West), and today most pieces grade EF or better. Mint State coins abound, particularly for the dates 1879 through 1889, during which time they were a popular investment and speculation, and despite their being currently minted (only at Philadelphia) they sold for a slight premium in the marketplace.
Aspects of Striking and Appearance: While most Variety 3 gold dollars are well struck, it will pay to check the features, including the portrait of Liberty, the date and wreath on the reverse, and the denticles.
Proof Coins: Proofs were produced of all years and, when seen today, are typically from the 1880’s. At the time gold dollars were a popular investment and speculation, and many orders were placed for them. That said, the figures cannot be regarded as proportional to the pieces existing today, for the last year, 1889, of which 1,779 Proofs were reported to have been struck, is today a great rarity and is several times more elusive than are the lower-mintage dollars of 1884 to 1888.
Catalog Information
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Body: Referring page: http://dev.greysheet.com/prices/item/gold-dollar-type-three-type-coin-business-strike/gsid/72367 GSID: 72367 Title: Liberty Gold Dollar G$1 Type 3, 1856-1889 MS [Type]
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Values
| Grade | CAC | CPG Value (Retail) | Greysheet Price (Wholesale) |
|---|---|---|---|
| MS69 |
|
$120,000 | $1,234 |
| MS69 | - | $84,000 | $1,234 |
| MS68 |
|
$1,234 | $1,234 |
| MS68 | - | $1,234 | $1,234 |
| MS67 |
|
$1,234 | $1,234 |
| MS67 | - | $1,234 | $1,234 |
| MS66 |
|
$1,234 | $1,234 |
| MS66 | - | $1,234 | $1,234 |
| MS65 |
|
$1,234 | $1,234 |
| MS65 | - | $1,234 | $1,234 |
| MS64 |
|
$1,234 | $1,234 |
| MS64 | - | $1,234 | $1,234 |
| MS63 |
|
$1,234 | $1,234 |
| MS63 | - | $1,234 | $1,234 |
| MS62 |
|
$1,234 | $1,234 |
| MS62 | - | $1,234 | $1,234 |
| MS61 |
|
$1,234 | $1,234 |
| MS61 | - | $1,234 | $1,234 |
| MS60 |
|
$1,234 | $1,234 |
| MS60 | - | $1,234 | $1,234 |
| AU58 |
|
$1,234 | $1,234 |
| AU58 | - | $1,234 | $1,234 |
| AU55 |
|
$1,234 | $1,234 |
| AU55 | - | $1,234 | $1,234 |
| AU53 |
|
$1,234 | $1,234 |
| AU53 | - | $1,234 | $1,234 |
| AU50 |
|
$1,234 | $1,234 |
| AU50 | - | $1,234 | $1,234 |
| XF45 |
|
$1,234 | $1,234 |
| XF45 | - | $1,234 | $1,234 |
| XF40 |
|
$1,234 | $1,234 |
| XF40 | - | $1,234 | $1,234 |
| VF35 |
|
$1,234 | $1,234 |
| VF35 | - | $1,234 | $1,234 |
| VF30 |
|
$1,234 | $1,234 |
| VF30 | - | $1,234 | $1,234 |
| VF25 |
|
$1,234 | $1,234 |
| VF25 | - | $1,234 | $1,234 |
| VF20 |
|
$1,234 | $1,234 |
| VF20 | - | $1,234 | $1,234 |
| F15 |
|
$1,234 | $1,234 |
| F15 | - | $1,234 | $1,234 |
| F12 |
|
$1,234 | $1,234 |
| F12 | - | $1,234 | $1,234 |
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