US gold coin redesign

US President Theodore Roosevelt was tired of minting the same old gold eagle and double eagle coins. To paraphrase President Roosevelt, the country needed a US gold coin redesign. In short, he had long been complaining that US coins lacked artistic quality. In fact, he decided to hire a private sculptor to create a new design. Augustus Saint-Gaudens was chosen to redesign five denominations of US coinage that could be changed without an Act of Congress.

Roosevelt’s broad overhaul of the United States gold coins led to a new Lady Liberty. One wearing a traditional Native American Indian Headdress. In 1907, the new $10 coin with the new Lady Liberty wearing the Indian Headdress was unveiled. The coin became a huge success.

The $5 and $2 1/2 dollar gold coins were also revamped. They depicted an Indian Chief that also employed a fancy new design feature. These coins employed an “incuse” design. To clarify, the details were carved into the surface of the coin. This meant, the lines of the design, the figures, and the letters were depressed or incused. This was instead of using the common practice of being raised or in relief.

Roosevelt’s introduction a US gold coin redesign was such a novel idea in coinage, that it seemed to please everyone. It was artistically accepted and was well adaptable to business needs at hand.

1907 $10 Indian Gold Coin

The 1907 $10 Indian Gold Coin is magnificent in all regards. Like a miniature sculpture, it commands attention. Certainly, it is a reminder of the greatness of the United States. The US gold coin redesign by Augustus St. Gaudens under the authority of Theodore Roosevelt nailed it. Moreover, it is a show stopper.

The example we have in the video below is in the very high grade of Mint State 66. Only 41 coins are known finer than this one.

Three-Dollar Gold Piece

The rarest pre-1933 US gold coin is the Three-Dollar gold piece. To clarify, only 539,792 of them were produced according to the US Mint. The reason there were so few made is because the Three-Dollar gold coins were very unpopular. Basically, the public rejected them when they were introduced in 1854. Therefore, only small mintages of these coins were produced from 1854 to 1889. Similarly, They ended production after just 35 years. This total of just over half a million coins were produced at the US Mint facilities in Philadelphia, New Orleans, San Francisco and Dahlonega combined.

Many of these 3 Dollar coins have been destroyed or lost throughout the years. Trying to find them at any condition can be difficult as very few are in existence today. Take the coin in the video below for example. This $3 princess was struck in New Orleans in 1854. No other $3 coins were issued with the O Mint mark. These coins are definitely rare and desirable in any condition. Only a total of 24,000 of them were struck and only around 1,500 of them have been certified in all grades combined!

3 Dollar Gold Piece Design

The Three-Dollar gold piece was designed by James B. Longacre, and for the first time he had been allowed to choose his own design. In the past, James had always been directed as to what design to use. Longacre decided to create something truly American. He wanted to represent America with a female Native American, or Indian princess, dating back to the 16th century. For example, the image of the Indian princess survived in the popular view of figures such as Pocahontas and Sacagawea. In addition, the US Mint issued the Sacagawea Golden Dollar from 2000 to 2008.

On the reverse of the Three-Dollar gold piece you’ll find a wreath comprised of tobacco, wheat, corn, and cotton. In addition, it encircles the date and the words 3 Dollars. You can find out how to purchase 3 Dollar coins for your own collection at Austin Rare Coins & Bullion!

What is the value of a 1882 Carson City Silver Dollar?

The most collected series of coins ever produced by the United States Mint is the Morgan Silver Dollar. A Carson City Silver Dollar produced in Carson City, Nevada is the most cherished and sought-after of all. Furthermore, CC Morgans are the most popular and desired silver coins ever produced by the United States.

No other coin embodies the history and allure of the American Wild West better than a Carson City Morgan Dollar. Especially, those produced in Carson City from the silver mined at the Comstock Lode. Holding one in your hands instills mystique and adventure of the 49er gold rush days.

Prices of CC Morgans have held strong. Most importantly, when other coins have fallen in value. This is because of their historical importance. In addition, these coins have a large base of collectors. Those who focus on Morgan Dollars minted in Carson City, Nevada. Investors and collectors have discovered owning them offers downside protection.

1882 Carson City Silver Dollar in Mint State 65PL

In our inventory you will find an 1882 Carson City silver dollar. This coin has been graded in mint state 65 and is in gem quality condition. It has also received the PL designation from the grading service PGCS. The PL refers to a proof like quality which occurs when a coin’s field is highly mirrored. In addition, it gives contrast to the frosty relief areas.

13 different Carson City Morgan silver dollars, ranging from 1878 through 1893, have been issued. One entire 13 coin acquisition of less than average grades could be purchased for less than $5,000. However, a collection that exists in above average conditions could sell for over six figures. This allows coin collectors in all different investment categories to get involved collecting them.

If you like to hear about other Carson City coins or be kept on our preferred Carson City collectors list give us a call.

Did the Emancipation Proclamation free any slaves?

Are you curious? Did the Emancipation Proclamation free any slaves? The correct answer would be that it “did not free all slaves in the United States. Rather, it declared free only those slaves living in states not under Union control.”

This beauty was struck nearly 150 years ago, but looks like it was struck only yesterday! The 1871 Bronze Emancipation Proclamation Medal made because of this monumental occasion is simply stunning. Unbelievable, that the US mint made it to commemorate Lincoln.

An Emancipation Proclamation medal rarely seen for sale!

This medal is a great buy with a quality second to none and the overall coloration very attractive. This is the Only Emancipation Proclamation medal available at Austin Rare Coins and very few of these even exist. We have never even seen one, particularly in such a high grade.

Superb value for the money, and only one available. Call to find out more about this US Rare Coin gem, because our Austin Coin Dealer are there to help unlike other Coin Dealers. When you ask, Did the Emancipation Proclamation free any slaves? Someone at Austin Rare Coins can help you with the answer. Even if you have other questions about coins you are thinking about call us at 1-800-928-6468!

Six Major Categories of US Coins

Here are some US coins most commonly used for investing and collecting. We’ve put them into six key areas that are popular among US Coin Collectors:

US Gold Coins: Coins minted before 1933, including
Pre-Civil War and Civil War Era Gold Coins.

19th Century & Earlier Type Coins: This would include coins minted from the late 1700’s through 1899.

Silver Dollars: Morgan Silver Dollars from 1878-1921, Peace Silver Dollars issued from 1921 to 1934.

Commemoratives: Coins specifically struck in low mintages to commemorate historic events.

20th Century Type Coins: Before 1965, including Silver Dimes, Quarters, Nickels, and pennies.

Current Issues: all circulating coins you can get at any local bank would be current issues.