More than half a century old: 1857 $1 U.S. Gold Princess – Tough To Find

This wonderful and tiny (14mm) gold $1 pieces were produced by the United States government from 1849-1889. It was designed by Mint Chief Engraver James B. Longacre with each coin containing 0.04837 ounces of gold.

The original coin type was just 12.7mm in diameter but proved difficult for U.S mint press to create. Then in 1854, to increase minting effectiveness, the coin was thinned out while maintaining the same amount of gold. The coin’s size was increased to 14 mm.

The obverse design features an idealized bust image of Lady Liberty facing left wearing a crown with LIBERTY inscribed. On the outer periphery is the legend UNITED STATES OF AMERICA. The reverse design of a laurel wreath tied with a bow was replaced with a wreath of corn, cotton, wheat and tobacco.  Inside the wreath is the denomination “1 DOLLAR” and year of issue.”

This coin may be small but its value isn’t.

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