1862 Indian Head (Type 3) Gold Dollar $1 NGC MS62

1862 Indian Head (Type 3) Gold Dollar $1 NGC MS62
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Design of the 1862 Gold $1

The 1862 Gold Dollar features a variation of the original design by James B. Longacre. This is a Type 3 Gold Dollar, as a change was made a few years earlier. As with the first two types, the goddess Liberty is the main image. Compared to the previous type, her head and headpiece are larger, which allowed for a higher quality strike. Her full hair falls down over her neck to the right as she faces to the left. She wears a feathered headpiece, though it does not resemble any designed by Native American tribes. Her name, “LIBERTY,” is inscribed on the band. The words, “UNITED STATES OF AMERICA”, which identify the country of the coin, surround all but the base of the image. The reeded edge of the coin adds regality to the image.

The reverse of the 1862 Gold Dollar is identical to the previous type, but some numismatists assumed that it had been changed because of the improved sharpness in the design. It consists of an agricultural wreath that includes crops that were grown both in the North and in the South, which was especially poignant given the time period. Inside the wreath, the coin’s face value, “1 DOLLAR,” is inscribed, along with the year of mintage, “1862.”

The label in the slab is quite simple. At the top, it shows the year of mintage, “1862”, and the type of coin it is, “G$1” (gold). Underneath that, there is the grade, MS 62, along with a certification number and bar code. The bottom of the label identifies the grader: “NUMISMATIC GUARANTEE CORPORATION.”

Why add the 1862 Gold $1 NGC MS62 to your collection?

The 1862 Gold $1 attracts the interest of numismatists and Civil War buffs alike. Minted in Philadelphia during the second year of the War Between the States, it carries a deep historical significance, especially given the wreath that symbolized unity between North and South. The coin has a diameter of 15 mm, which means that some viewers may require the aid of a lens to see the detail. With a grade of MS62, though, that detail remains strong. This Gold Dollar has a fineness of .900 and weighs just 1.672 g. Its gold weight is .0484 oz. This is one of 1,361,355 coins of this type minted in Philadelphia in 1862.



This 1862 Indian Head (Type 3) Gold Dollar $1 NGC MS62 is proudly minted by the U.S. Mint. The United States Mint was founded in 1792 and manufactures circulating, collectible, and bullion coinage.

Year of Issue:1862
Mint:U.S. Mint
Branch:Philadelphia
Grading Service:NGC
Grade:MS62
Finish:Mint State
Composition:Gold
Purity:0.9
Weight in Grams:1.505 g
Weight in Ounces:0.0484 oz
Diameter:13
Country:United States
Legal Tender:United States
Currency:Dollar
Denomination:1
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