Coin collecting can be a thrilling adventure filled with unique discoveries. Among these treasures, rare mint errors are especially sought after.
One standout example is the 1855-O Type 2 Gold Dollar, known for its rare double-strike error.
This article will take you through its history, significance, and what makes it so valuable to collectors.
What Makes the 1855-O Type 2 Gold Dollar So Special?
Minted at the New Orleans Mint, only 55,000 of these gold dollars were produced. The double-strike error makes this coin particularly remarkable. A double-struck coin occurs when it is hit twice by the minting press.
In this case, the second strike is 95% off-center, giving it a unique look. This error is especially rare since it’s the only known U.S. gold coin from 1795 to 1933 with such a striking flaw.
Understanding the Double-Strike Error
What Is a Double-Struck Coin?
A double-struck coin is created when a coin is struck two times by the minting press. Normally, coins are only struck once, which gives them a perfect design. However, if the coin shifts during the second strike,
it can result in an off-center image, just like the 1855-O Type 2 Gold Dollar. Errors like these are uncommon, particularly in gold coins, making this one a true gem in the world of numismatics.
The New Orleans Mint and Its Significance
The New Orleans Mint, established in 1835, has a rich history of producing notable U.S. coins. Although the 1855-O Type 2 Gold Dollar had a small mintage, its double-strike error has turned it into an iconic piece.
The mint operated until 1861 and resumed in 1879, contributing to the legacy of U.S. coins. It is famous for producing rare coins, including this extraordinary dollar.
Value of the 1855-O Type 2 Gold Dollar
The rarity of the 1855-O Type 2 Gold Dollar makes it almost priceless to collectors. There are only three major errors known in this series of gold coins, making this double-
struck specimen unmatched in both rarity and historical value. Its unique off-center strike transforms it from just a collectible into a significant piece of U.S. minting history.
Other Notable Double-Struck U.S. Gold Coins
While the 1855-O Type 2 Gold Dollar is unique, there are other U.S. gold coins with mint errors. Here are a few:
- 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 possess the exceptional off-center double strike that makes the 1855-O Type 2 Gold Dollar historically significant.
The 1855-O Type 2 Gold Dollar is more than just a coin; it’s a rare artifact of U.S. history. With only 55,000 minted and the unique distinction of a 95% off-center double strike, it is a dream for collectors.
Its historical background, ties to the New Orleans Mint, and exceptional grading elevate it beyond standard coin collecting. This rare find symbolizes the rich story of U.S. minting history, making it a true treasure in the world of numismatics.
What is a double-struck coin?
A double-struck coin is one that has been hit twice by the minting press, resulting in an off-center image.
Why is the 1855-O Type 2 Gold Dollar so valuable?
Its rarity and unique double-strike error make it priceless to collectors.
How many of these coins were minted?
Only 55,000 of the 1855-O Type 2 Gold Dollars were produced.
What is the significance of the New Orleans Mint?
The New Orleans Mint produced many important U.S. coins and has a rich history dating back to 1835.
Are there other coins with double-strike errors?
Yes, several U.S. gold coins have double-strike errors, but few are as unique as the 1855-O Type 2 Gold Dollar.
