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GOLD $1 Type 1 MS62 NGC

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Price: $325.00   
Grade: MS62
Quantity: 1
PCGS Coin #: 7500
Last Update: 2/3/2017
Dealer:  (Terms) AU Capital Management (2)
NGC MS62 (We offer both PCGS and NGC at this price, but being generic gold, dates are of our choice). Quantities available - please call. NGC published value = $500 as of the time of this writing. You may receive this exact coin or a substantially similar one depending upon our order flow. If this is the case, the denomination, grade, service and price will be the same but the coin date will be of our choice. PayPal orders add 3%. We do not accept credit cards at this time. The price levels of MS62 $1 Type 1 Dollar Gold have been at this level five times since 2001. From 2011 to 2013 they were trading at twice what they are today, with a wholesale 'peak' at nearly $800. See our website tab entitled “Gold Charts” for a much more technical graph analysis of price movement. Got one to sell? Call 630-280-7300 for the latest quotes. A very powerful gold lobby and the public’s general distrust of paper currency led to the authorization of the $1 gold piece under the Act of March 3, 1849. Three main types of Gold Dollars were produced, all designed by James B. Longacre. The first type, Type 1, was struck on small planchets and issued from 1849 to 1854 and portrayed a “Liberty” head with the denomination and date within a wreath on the reverse. In 1854, the second Type was introduced by increasing the diameter of the coin. Also, the Liberty head was abandoned in favor of a stylized female Indian head. In 1856, the Indian head was enlarged for the Type 3 Gold Dollar. Of the three types, the second is generally the scarcest, although each type does have its own scarcer dates. Gold Dollars were struck at the Philadelphia, New Orleans, Charlotte (North Carolina), Dahlonega (Georgia), and San Francisco Mints.

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