From the NGC Archives: 1866 Gold Dollar

Posted on 5/15/2012

The gold dollar was first coined in 1849, and it remained an important element in the nation's coin lineup until 1862.

The financing of the Civil War through the printing of paper money drove both gold and silver coins from circulation, and the gold dollar never fully regained the status it had enjoyed.

In fact, there was no real need for additional gold dollars when the 7,100 pieces of 1866 were minted. These were delivered in two batches on January 27 and February 9. Rare from the outset, this low-mintage date has only become more so with the passage of time. This magnificent specimen is fully struck in every small detail, and both sides are charmingly prooflike, even to the extent of having contrasting fields and devices. Distinctive die-clash lines are also visible on either side.

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