When the gold dollar denomination was first issued in 1849, its diminutive size drew much criticism. People complained of these coins falling through their fingers and being lost. The gold dollar's diameter was increased in 1854, but the new design used was unsuccessful, since it did not strike up sharply. The third type of gold dollar was proved to be the most enduring, as it was coined from 1856 through 1889. Chief Engraver James B. Longacre adapted its design from his three-dollar piece, which had debuted in 1854.

Largely overlooked by both collectors and the public alike during the 1860s and '70s, the gold dollar enjoyed something of a revival during its final years of production. More than a thousand proofs were sold in 1885, though many of these were destined for the jewelry trade or were otherwise mishandled. Gems are quite rare today. This delightful specimen displays rich cameo contrast between its frosted devices and brilliant, mirror-like fields. As one would expect of a proof, its strike is quite bold, and its surfaces are remarkably clean. This is a very desirable specimen of a rare issue.