April 12, 2012

The 1 Gold Dollar 1862 Indian Head Coin


The 1862 Gold Dollar Indian Head is minted in Philadelphia and it is designed by James Barton Longacre. It is composed of metal which is 90 percent of pure gold and 10 percent of combination of silver and copper. This coin is measure about ±14.3 millimeters in diameter and weight of ±25.8 grains (±1.7 grams). This series has a strike mintage of 1,361,355 and has a proof mintage of 35 pieces estimated. The proofs of this series were made of all years and most range from rare to very rare. Some later dates have high proof mintages but likely many of these coins were sold to the jewelry trade.    

VF-20: 165 dollars
AU-55: 275 dollars
PF-63: 6,750 dollars

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