1854 Indian princess 1$ gold coin

Discussion in 'Coin Chat' started by Daulton, Aug 15, 2022.

  1. Daulton

    Daulton Active Member

    So I know this would not grade well as some one unfortunately put a hole through her, but what would this go for? Just gold value? Or more? 91683779-32EC-4FF2-9A87-D2DC1B8F6CB3.jpeg 64379CEF-C8E9-4B61-A579-BF78AA4EF268.jpeg 8505D0E4-9D54-46CE-ACC7-8E3AD87AF821.jpeg F4EB2AB0-DBAD-4A40-BEE1-5E6248944EC3.jpeg
     
    daniel a DiBiasio likes this.
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  3. Collecting Nut

    Collecting Nut Borderline Hoarder

    Unless there is something special about that date it would go for junk value. Use your Res book and look up how much hold is in this coin. Multiply the amount of gold by the current price and you’ll be close to its value.
     
  4. Daulton

    Daulton Active Member

    This is the first year of the new Indian princess design is why I was asking, there were different types of 54 a liberty and the Indian princess head idk if that makes it more valuable or not though
     
  5. johnmilton

    johnmilton Well-Known Member

    The Type II gold dollar is a key coin in the 12 piece U.S. Gold Type set. In Mint State, it can be the most expensive coin in the set. Unfortunately, the only collectors who were looking for a really cheap filler would pay over scrap for this. Unlike a plain hole, this would be ever harder to repair and more expensive.

    This is really terminal damage for this coin.
     
  6. Daulton

    Daulton Active Member

    What makes it harder? What’s the difference in a plain hole?
     
  7. Daulton

    Daulton Active Member

    It’s a tiny hole with a ring through it on an earring
     
  8. johnmilton

    johnmilton Well-Known Member

    With a plain hole, you have a defined spot to fill. With this you have make a tiny costom shaped gold piece and work it down do that the repair blends in with the roundness of the coin. I think it would take a lot of work by a skilled engraver, and it’s just not worth it. The repair bill would be higher than the value of the repaired coin.

    The coin looks sweated, and was probably used for jewelry. That alone is a terminal problem.
     
    Daulton likes this.
  9. -jeffB

    -jeffB Greshams LEO Supporter

    @johnmilton, are you thinking that there's a notch cut out of the coin? The pictures make it hard to see, but I think it's a regular hole with a loop inserted.

    I'm not a gold dollar collector, but I've owned a few, all cleaned or jewelry. In my experience, you have to be very patient to get even a problem gold dollar for melt value. I don't think this one would be worth restoring, but I also don't think it would have to go for melt.
     
  10. johnmilton

    johnmilton Well-Known Member

    1854 Damaged Gold Dollar.jpeg

    Look at the bottom. I don't see any metal there. Look at the surfaces. They are rough. It's not worth the repair fee.
     
  11. -jeffB

    -jeffB Greshams LEO Supporter

    I see a loop casting a dark shadow. The OP confirmed that it's a small hole.
    100% agree.
     
  12. -jeffB

    -jeffB Greshams LEO Supporter

    @Daulton, can you provide another photo with more diffuse lighting, so we can see what's going on at the hole/ring?
     
  13. Collecting Nut

    Collecting Nut Borderline Hoarder

    It is a first year strike but they minted 138,818 of them. It is the highest mintage of the series. A hole is a hole is a hole and that’s damaged. Just worth melt value.
     
  14. johnmilton

    johnmilton Well-Known Member

    If you are a type collector, you know it's a Type II Gold Dollar which is the most expensive type coin in the 12 piece set, if you want it in MS-63 or higher. Yes, the mintage is high, and some people say it's overrated, but it's been expensive for all the years I've been a collector.
     
  15. Collecting Nut

    Collecting Nut Borderline Hoarder

    Not a type collector by any means but I do have a type set in a 7070. Nice to know so thanks for the info.
     
  16. johnmilton

    johnmilton Well-Known Member

    I have a set of the Type II Gold Dollars. There are only six coins in it, but none of them are "common," at least according their prices. I think I'll start a string with the coins rather than post them here.

    Look for it in the "U.S. Coins" section.
     
    -jeffB likes this.
  17. Collecting Nut

    Collecting Nut Borderline Hoarder

    Sounds interesting and I think CT members would like to see that set. Please explain the difference between type 1 and type 2 in your post.
     
  18. johnmilton

    johnmilton Well-Known Member

    Type I Gold Dollar - minted 1849 to 1854 - 13 mm in diameter.

    1853 Gold Dol All.jpg

    Type II Gold Dollar - minted 1854 to 1856 - 15 mm in diameter. The idea was to increase the size of the gold without changing the weight. The design failed because the relief of bust of Ms. Liberty was too high, and the coin did not strike well. Note the weakness of the "8" on the coin below, which actually above average. Many pieces have weak dates and the "LL" in "DOLLAR" is often weak.

    1854 Ty 2 Gold Dol All.jpg
     
    Dynoking, -jeffB and Collecting Nut like this.
  19. Collecting Nut

    Collecting Nut Borderline Hoarder

    Thank you
     
  20. Daulton

    Daulton Active Member

    There is definitely just a hole, it is not a notch cut out, it has an earring attached to it
     
  21. Daulton

    Daulton Active Member

    70374DC3-3780-48CB-B92A-8D1BFB07141F.jpeg 6B40630F-1A6A-4023-9322-B2985BD4685C.jpeg
     
    -jeffB likes this.
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