Coin collecting is a thrilling hobby where enthusiasts search for rare and valuable coins. One of the most exciting discoveries in this world is finding mint errors. Mint errors are mistakes made during the coin production process,
and they can make a coin incredibly valuable. In this article, we will dive into the fascinating story of the 1855-O Type 2 Gold Dollar, a coin known for its unique double-strike error.
What Makes the 1855-O Type 2 Gold Dollar So Special?
The 1855-O Type 2 Gold Dollar was minted at the New Orleans Mint, and only 55,000 coins were produced. This makes it rare, but what truly sets it apart is its double-strike error. A double-struck coin is one that has been hit twice by the minting press, which is uncommon.
In this case, the second strike is 95% off-center, giving it a strikingly unusual appearance. This error is significant because it is the only known U.S. gold coin from 1795 to 1933 with such a flaw, making it a prized possession for collectors.
Understanding the Double-Strike Error
What Is a Double-Struck Coin?
A double-struck coin occurs when a coin is pressed twice during its production. Normally, coins are struck only once to create a perfect image. However, if the coin is misaligned during the second strike,
it results in an off-center image. The 1855-O Type 2 Gold Dollar is an excellent example of this. Such minting errors are rare, especially in gold coins, which makes this coin even more special in the collecting world.
The New Orleans Mint and Its Significance
The New Orleans Mint, established in 1835, has a rich history of producing significant U.S. coins. Despite the small number of 1855-O Type 2 Gold Dollars minted, its double-strike error has made it iconic among collectors.
The mint operated until 1861, then resumed in 1879, contributing to the rich legacy of U.S. coins. It is known for producing several rare coins, making it an important location in U.S. numismatic history.
Value of the 1855-O Type 2 Gold Dollar
Due to its rare mint error, the 1855-O Type 2 Gold Dollar is considered priceless by collectors. Only three major errors are known in this series of gold coins, and this double-struck specimen stands out for its unmatched rarity and historical significance.
The off-center double-strike transforms this coin from a simple collectible into a piece of U.S. minting history, making it highly sought after.
Other Notable Double-Struck U.S. Gold Coins
While the 1855-O Type 2 Gold Dollar is exceptional, other U.S. gold coins have also featured mint errors. Here are a few notable examples:
- 1804 $2.5 Draped Bust: Double-struck with the first strike 25% off-center, valued at $25,000.
- 1806 $5 Capped Bust: Triple-struck, with a 90-degree rotation, sold for $50,000.
- 1865 $1 Indian Gold Proof: Triple-struck reverse, valued at $20,000.
Although these coins are valuable and rare, none have the remarkable off-center double strike that makes the 1855-O Type 2 Gold Dollar so historically significant.
The 1855-O Type 2 Gold Dollar is a unique and valuable coin, primarily due to its rare double-strike error. With only 55,000 minted and being the only known U.S. gold coin with a 95% off-center second strike, this coin is a dream for collectors.
Its historical background, connection to the New Orleans Mint, and impressive grading elevate it beyond typical coin collecting. This rare find is not just a coin; it represents a piece of U.S. minting history that captivates both collectors and history enthusiasts alike.
1. What is a double-strike error?
A double-strike error occurs when a coin is struck twice by the minting press, resulting in a misaligned image.
2. Why is the 1855-O Type 2 Gold Dollar considered rare?
It is rare because only 55,000 coins were minted, and it has a unique 95% off-center double-strike error.
3. What is the significance of the New Orleans Mint?
The New Orleans Mint has a rich history and produced many notable U.S. coins, including the 1855-O Type 2 Gold Dollar.
4. How much is the 1855-O Type 2 Gold Dollar worth?
Its exact value can vary, but it is considered priceless due to its rarity and historical significance.
5. Are there other double-struck U.S. gold coins?
Yes, there are other double-struck coins, such as the 1804 $2.5 Draped Bust and 1806 $5 Capped Bust, but none are as unique as the 1855-O Type 2 Gold Dollar.
