What I want for Christmas: 12 DAYS OF CHRISTMAS- DAY 7
This is my 7th article in the #twelvedaysofchristmas series initiated by @silverd510 as a Santa’s wish list for stackers.
Like him and those who want to join in on this fun article series, I shall be posting a bar, round or coin a day [for 12 days] that I would love to get as a gift.
The 12 Days of Christmas- DAY 7 and the seventh precious metals piece on my list, is the US Gold Coin pictured below!$1 Indian Head Gold Coin, Type 2
Photo Source
The Type 2 one dollar gold coins depict Liberty as a Native American princess, with a fanciful feathered headdress not resembling any worn by any Indian tribe. This image was designed by the US Mint Chief Engraver, James B. Longacre Longacrehad, and is one of a number of versions of Liberty that Longacre created based on the Venus Accroupie or Crouching Venus, a sculpture then on display in a Philadelphia museum.
Obverse: Shows Liberty, facing left, encircled by 13 stars with the word "Liberty" on her hair band.
For the reverse, Longacre adapted the "agricultural wreath" he had created for the reverse of the three-dollar piece, composed of cotton, corn, tobacco, and wheat, blending the produce of North and South. This wreath would appear, later in the 1850s, on the Flying Eagle cent.
Reverse: Depicts the denomination and year of issue with “United States of America” above. Issued by the U.S. Mint.
Coin Highlights: 90% pure gold, .0483 oz actual Gold weight, 15mm in diameter.
About this coin...
Even before 1848, record amounts of gold were flowing to American mints to be struck into coin, but the California Gold Rush vastly increased these quantities.
The continued flow of gold from California made silver expensive in terms of gold, and U.S. silver coins began to flow out of the country for melting in 1849, a flow that accelerated over the next several years as the price of the metal continued to rise. By 1853, a thousand dollars in silver coin contained $1,042 worth of bullion.
As silver coins vanished, the gold dollar became the only federal coin in circulation between the cent and the quarter eagle ($2.50 piece). As such, it was struck in large numbers and widely circulated.
According to Bowers in his book on the denomination, "the years 1850 to 1853 were the high-water mark of the gold dollar, the glory years of the denomination when the little gold coins took the place of half dollars and silver dollars in everyday transactions."
This time came to an end in 1853 when Congress passed an act reducing the weight of most silver coins, allowing new issues of them to circulate.
Source of the information above.If you're thinking of giving me this #7gift for Christmas 😉, the current price of an ungraded random year $1 Indian Head Gold Coin, Type 2 AU is:
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Have a lovely December day!!!
I always thought that diamonds are a girl's best friend... Nice to see some variation!
Ahhh... GOLD... 24K gold is this girl's best friend.. then throw in a diamond as a bonus!
Thanks for leaving the first comment on this article, my friend @steemmillionare... I appreciate you! Take care 🥰🌺🤙 !tip
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BULLION Beats Numis, but that is an awesome piece!
cost: about .3 ozT Gold, for .0483... Hefty Premium!
Cool Coin, nonetheless!
Totally love it bestie. That is one that I have never owned. I was bidding on a beautiful example a few months back but the price got out of my league. Great choice🌹❤️🥰
I think that a $1 US Gold Coin is something special. There are 3 types, and I prefer this design to the type 1. I really love this tiny coin. It is smaller than the 1/10 oz AGE by 1mm. Can you imagine that this coin was circulating for many years in America! I love it.
Have a wonderful Sunday and a great week to come, bestie. Take care 🥰🌺🤙 and tons of hugs🤗🤗🤗 !tip
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Finally someone asked for a gold coin! I was thinking that all were only thinking about silver coins, but you proved me wrong, my friend!
!trdo
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Then you missed my post i believe it was day 4 i had a 1/4 oz Libertad gold proof.
It was day 5, but I had forgotten. When you are 71 years old, these things happen...:=)
No worries Ron. Im no spring chicken either. My last two are both gold.
No worries Ron. Im
No spring chicken either. My
Last two are both gold.
- silverd510
I'm a bot. I detect haiku.
Now that’s a nice one @silversaver888!!👍😊
I am lacking in US constitutional Gold, you picked a very nice $1.00 Gold!!
Just think people walked around back then with these in there pockets!!
Maybe, just maybe I might find one of these in change at Walmart Lol!!!😊
Have a lovely evening my friend, for me it’s been a long day, and I need to do some Christmas shopping for the Mrs!!!😳🥰
Take care!!!👍🤗
I'd love to own a couple of these $1 gold coins... perhaps in the future.
Practically all of my fractional gold coins are 1/10 oz modern gold bullion coins. I do have a special "set" of 20 Francs coins and those are four of my favorite gold coins.
Have a wonderful week, @silvertop 🤗 and take care 🥰🌺🤙 !tip
I love those French and Swiss Francs, they are beautiful Gold coins!!😀
I am feeling the Christmas rush at the moment.....So shopping I go Lol!
I hope you have a good week as well!!😀
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Great pick my stacking sis!! Have always like this Liberty design a lot. Plus the rich history makes it a wonder piece to own. Would not expect anything less from you. Wonderful taste!! Merry Christmas Sis!!
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Wouldn't it be cool if we could stack these tiny gold coins? I can imagine the ladies of that period carrying 20 of these tiny coins... they probably wrapped the gold coins on their handkerchiefs, tied tight, and then pinned them onto the inner lining of their side skirt pockets when they traveled. If I had several, I'd put mine in a pillbox and put it in my purse pocket! What an incredible carry gold pieceS that would be😊. What a thought!!!
Have a beautiful week, my stacking brother, @dwingsworld, and take care🥰🌺🤙 !tip
Oh for sure just the ability to hold true wealth and value back when people.knew what it really was!! Be well Sis and Merry Christmas!!
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Very nice coins. Love these
Gold coins are always just nice, I think! What is it about gold that makes it so valued? I can only imagine your gold stack, if you were into it, @silveringots! WOW😊!!!
Have a terrific day, my friend, take care 🥰🌺🤙 !tip
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The dealer seems to have problems with this coin as the customer rating currently has 2 out of 5 stars.
And I don't recall any Indian with that type of headdress either.
Sorry about the wrong Indian Moji but I like it.
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I personally think that to have a piece of history in a 165-years old U.S. $1 gold Almost Uncirculated coin would be a real treasure. If only I can afford it. HECK.... I might just change my stacking goals altogether, haha... and afford it! But if so, then why not just stick to buying all the 24K gold jewelry, right? Nah... I will stick to my ASE and US Constitutional coins, and a few modern silver coins and vintage generics here and there.
Have a wonderful "weekend", sis @kerrislravenhill, take care 🥰🌺🤙 and Hugs and Kisses 🤗💕💋!
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If I only have the Buying power, feels like I always buy at a 25% premium (exchange rate) and the Postage Monopoly syndicate of Canada always putting me at a disadvantage.
BTW, I do have your Channel bar, Sis.
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Another such beautiful coin and thanks for the history of it
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Imagine the ladies of that period carrying these coins wrapped in their hanky!!! These coins are about 160 years old... the history they can tell us if they can talk!
Have a beautiful week @tattoodjay! I am looking forward to seeing all your photos! Take care 🥰🌺🤙 !tip
Ohh yeah I am sure coins of that era could tell us so many stories, but since they cant we just have ot make up our own Stories
my coin collection increased today my two 2019 Steem Coins arrived ;)
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