1855-P $1 Gold Indian Type II Great Kentucky Hoard NGC AU Details

The Great Kentucky Hoard Forever Changes The Landscape Of Civil War Coinage

When the Civil War broke out in early 1861, gold, silver, and even copper coins vanished from circulation as people fearful of the war’s outcome stashed them away. Nowhere was this more pronounced than in Kentucky where the state was divided in its loyalties with one group of politicians declaring neutrality in the conflict and another faction voting to join the Confederacy. Over the years, Kentucky has been the site of many hidden treasure troves and the most recent discovery is being hailed by coin experts as a find that will forever change the landscape of Civil War coinage.

Where Did The Coins In The Great Kentucky Hoard Come From?

Christened as the Great Kentucky Hoard, this amazing find consists of more than 700 vintage United States gold coins dated between 1840 and 1863 that were unearthed on Kentucky farmland! Part of the allure of this particular treasure hoard is the mystery—the exact origin and circumstances surrounding the burial of the Great Kentucky Gold Hoard remains unknown! Is it possible that this hoard of gold coins was an insurance policy for someone who lived in Kentucky, someone who expected to come back at a later time to dig them up? Did he or she die—or forget—where the coins had been buried? Were any landmarks like a tree or fence destroyed or removed, making it harder to remember where the coins were buried? All of these are possible scenarios as to why these coins were secreted away only to finally see the light of day 160 years later.

1855 Type II Gold Indian Dollars From The “Mother Mint”

Here you can secure a Type II Gold Dollar struck by the “Mother Mint” in Philadelphia, a coin that was minted for only for three years, 1854, 1855, and 1856. Its mintages were also quite small. In fact, in the entire series of U.S. Gold Dollars, only 8% of the total mintage from 1849 to 1889 is the Type II version. These low mintages make these Type II gold coins not only highly coveted but among the toughest to obtain of all the gold coins ever struck by the U.S. Mint. Not only that, but at 15 millimeters, the Type II gold dollar is slightly larger than the previous Type I gold dollar. That resulted in the coin being thinner, and much more easily damaged. Many were also used in jewelry because of the attractive design of Miss Liberty in a pom-pom headdress.

This coin has been graded by the Numismatic Guaranty Company (NGC) in About Uncirculated (AU) Details condition, meaning that its surface conditions preclude it from receiving a numeric grade from 1 to 70. Each coin available in this offer will come encapsulated in a museum-quality acrylic holder with a label that pedigrees it as coming from the “Great Kentucky Hoard.” In addition to the adjectival NGC Details grade, a description of the coin’s surface problem—corrosion, scratched, chopmarked, etc.—will be noted on the label. The coin will also come beautifully housed in a custom wooden presentation case and accompanied by a Certificate of Authenticity and a fact-filled storybook about this sensational hoard.

This Indian Princess Had A Short Reign

The U.S. Gold Dollar was authorized by an act of Congress on March 3, 1849, to take advantage of the large influx of California Gold Rush Gold into the Philadelphia Mint. It was meant to take the place of the small Spanish Gold Escudos, which circulated in the U.S. from colonial times. The first design showed Miss Liberty wearing a coronet and it was struck up to 1854. That year the design was changed to show an Indian Princess wearing a pom-pom headdress. The size of the coin was also increased. This new design and increase in size proved a difficult challenge for Mint, and in 1856 the design was replaced. Consequently, the Type II Gold Dollar is one of the shortest-lived designs of any U.S. coin

Extremely Limited Availability

Our Unique & Scarce Division is the exclusive distributor of this recent find of more than 700 U.S. vintage Civil War era gold coins that were discovered buried in Kentucky. Quantities are extremely limited so order now before the coins of this hoard disappear, perhaps never to return!

COIN HIGHLIGHTS:

• PART OF THE GREAT KENTUCKY HOARD – This coin has been certified and authenticated by the Numismatic Guaranty Company (NGC) as being part of the Great Kentucky Hoard, a find of more than 700 vintage United States gold coins dated between 1840 and 1863 that were unearthed on Kentucky farmland.
• ABOUT UNCIRCULATED DETAILS ONDITION – Your coin has been graded by NGC in About Uncirculated Details condition, meaning that its surface conditions preclude it from receiving a numeric grade. Along with this adjectival NGC Details grade, a description of the surface problem is noted on the certification label.
• UNITED STATES LEGAL TENDER STRUCK IN HIGHLY PURE GOLD – This legal-tender $1 coin was struck in 1855 by the Philadelphia Mint in 1.672 grams of highly pure 90% fine gold and measures 15 mm in diameter.
• DESIGNED BY JAMES B. LONGACRE – Designated as a Type II Gold Indian Dollar, this coin was design by James B. Longacre, one of the most celebrated and prolific coin designers in U.S. Mint history. It features Miss Liberty on the obverse wearing a pompom headdress and a wreath enclosing the denomination of the reverse.
• STRUCK FROM CALIFORNIA GOLD RUSH GOLD – This coin was struck with gold mined from the California Gold Rush

Don’t miss your chance to secure an 1855-P $1 Gold Indian Type II coin from the Great Kentucky Hoard. Order it now graded by NGC in About Uncirculated Details condition. Quantities are extremely limited so act fast!