Coin collecting is a thrilling hobby, filled with amazing discoveries. One of the most exciting finds for collectors is rare mint errors, especially those that can make a coin truly unique.
In this article, we’ll explore the 1855-O Type 2 Gold Dollar, a coin that is treasured not only for its rarity but also for its fascinating history and unique features.
What Makes the 1855-O Type 2 Gold Dollar So Special?
The 1855-O Type 2 Gold Dollar was minted in New Orleans, and only 55,000 coins were produced. What makes this coin particularly special is its double-strike error. A double-struck coin happens when a coin is hit twice by the minting press.
In this case, the second strike is 95% off-center, which gives the coin a unique and striking appearance. This makes the 1855-O Type 2 Gold Dollar incredibly rare and the only known U.S. gold coin from 1795 to 1933 with this type of flaw.
Understanding the Double-Strike Error
What Is a Double-Struck Coin?
A double-struck coin is created when the minting press strikes the coin twice. Normally, coins are struck once to create a perfect image. However, if the coin is misaligned during the second strike,
it can result in an off-center image, like the one found on the 1855-O Type 2 Gold Dollar. Such errors are quite uncommon, especially in gold coins, making this coin a true treasure in the world of numismatics.
The New Orleans Mint and Its Significance
The New Orleans Mint, established in 1835, has a rich history in producing some of the most notable U.S. coins. Although the 1855-O Type 2 Gold Dollar had a small mintage of only 55,000 coins,
its double-strike error has made it iconic. The mint operated until 1861 and resumed in 1879, contributing significantly to the rich legacy of U.S. coins. The New Orleans Mint is especially famous for producing rare coins like the 1855-O Type 2 Gold Dollar.
Value of the 1855-O Type 2 Gold Dollar
Due to its extremely rare mint error, the 1855-O Type 2 Gold Dollar is considered priceless by collectors.
With only three major errors known in this series of gold coins, this double-struck specimen is unmatched in rarity and historical value.
Its off-center double-strike makes it not just a collectible but also a piece of U.S. minting history.
Other Notable Double-Struck U.S. Gold Coins
While the 1855-O Type 2 Gold Dollar is unique, other U.S. gold coins have also featured mint errors. Here are a few notable examples:
- 1804 $2 1/2 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.
Though these coins are rare and valuable, none have the exceptional off-center double strike that makes the 1855-O Type 2 Gold Dollar so historically significant.
In conclusion, the 1855-O Type 2 Gold Dollar is not just a coin; it’s a piece of history. With only 55,000 minted and the distinction of 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 high grade make it a remarkable piece that goes beyond standard coin collecting. This rare find symbolizes U.S. minting history and remains a treasure in the world of numismatics.
1. What is the 1855-O Type 2 Gold Dollar?
The 1855-O Type 2 Gold Dollar is a rare U.S. coin minted in New Orleans, known for its unique double-strike error.
2. What is a double-strike error in coins?
A double-strike error occurs when a coin is struck twice by the minting press, resulting in an off-center image.
3. Why is the 1855-O Type 2 Gold Dollar so valuable?
Its extreme rarity, with only 55,000 minted and a unique double-strike error, makes it highly sought after by collectors.
4. How can I tell if a coin has a double-strike error?
A double-strike coin will show two images that are misaligned, often making the design appear off-center or distorted.
5. What other coins have notable mint errors?
Other notable coins include the 1804 $2 1/2 Draped Bust and the 1806 $5 Capped Bust, both of which also feature striking errors.
