1854-1870 Indian Princess Head Gold $3 Fine Uncirculated Limited Edition

The three-dollar piece was authorized by the Act of February 21, 1853. First struck in 1854, the coin was never popular with the general public and saw very little circulation. Today, some numismatists theorize that the $3 denomination would have been useful for purchasing postage stamps of the day (with their face value of 3 cents), or for acquiring 100 silver three-cent pieces ("trimes"), which were also in circulation at the time.

The head on the obverse represents an Indian princess with hair tightly curling over the neck, her head crowned with a circle of feathers (the band of which is inscribed 'LIBERTY'). A wreath of tobacco, wheat, and cotton occupies the field of the reverse, with the denomination and date within it. Proofs strikes were made in 1859-1889.

Designer is James B. Longacre; weight 5.015 grams; composition .900, .100 copper (net weight .14512 oz. pure gold); diameter 20.5mm; reeded edge.

1856 was a transitional year for Indian Princess Head gold dollars. It marks the period when the size of the head was enlarged to consumer more of the obverse field. The change did not occur until later in the year though, leaving time for the United States Mint to strike a substantial 24,600 “small head” Indian Princess gold dollar coins at San Francisco in 1856.

In a grade of Very Fine-20, 1856 Indian Princess gold dollar coins are worth $1,166, which is much higher than the intrinsic value of the gold within the coin. For perspective, one dollar gold coins weigh 1.672 grams and contain 0.04837 ounces of gold. This is important for gold bullion investors to remember, as not all gold coins are ideal for bullion investment, nor is the value of all gold coins solely dependent on the intrinsic metal basis alone.

James B. Longacre designed the 1855 Indian Princess gold dollar coins. In fact, Longacre, who served as the Chief Engraver of the U.S. Mint, would end up designing all three types of the gold dollar coin. The larger head, adopted later in 1856 as aforementioned, would help improve the strike results for the smaller coin, which measures just 15 millimeters in diameter.

Features

Issuer	United States
Period	Federal republic (1776-date)
Type	Standard circulation coins
Years	1854-1889
Value	3 Dollars 3 USD
Currency	Dollar (1785-date)
Composition	Gold (.900) (.100 copper)
Weight	5.015 g
Diameter	20.5 mm
Shape	Round

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