2 Gold Dollars showed a Caucasian head of Liberty facing
left wearing a stylized feathered headdress. It is inscribed
LIBERTY on the headband. She is surrounded by the legend UNITED
STATES OF AMERICA. The reverse shows an open wreath of corn,
cotton, maple, and tobacco tied below with a bow. The wreath
encircles the denomination, 1 DOLLAR, and the date. The problem
with this Gold Dollar
was that it did not strike up well. In fact mint state examples
looked worn and, in some cases, so circulated that the date
could not be read on the coin. This problem most affected
the branch mint issues, which Longacre did not get to see
until afterwards. The proofs that he saw did not have this
as a problem. To remedy this situation, Longacre designed
the Type 3 Gold Dollars.
While the design was similar to the previous issue, Longacre
lowered the relief and moved the obverse head so as not to
be opposite a reverse relief area. This Gold
Dollar is called the Large Size or Large Head.
Scarce in all grades,
extremely rare in Mint State, most are well struck with
good luster, often with clashed dies, same date punch
used for three-cent silver; proofs exceedingly rare, only
25 to 35 known.
come with Open and Closed 3's in the date; Closed 3 rare
in all grades especially above MS62; Open 3 is the more
common variety, rare above MS64; proofs are only known
in the Closed 3 variety, exceedingly rare, 10 to 12 known.