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1858 GOLD DOLLAR - TYPE 3 GOLD DOLLAR

1858 Gold Dollar - The 1858 Gold Dollar is rarer than the two Philadelphia issues than preceded it. Mint State coins are scarce. NGC has certified 6 coins of this date in MS65 or better, and PCGS has certified 13. A variety of this date shows the lower loop of the second 8 to be double punched.

Specifications:
Edge: Reeded
Weight: 1.672 grams (25.8 grains) (.0538 troy ounces)
Diameter: 15 millimeters
Composition: 90% gold; 10% copper
Gold Content: 1.505 grams (23.22 grains) (.0484 troy ounces)

In 1858 the first transatlantic cable was laid. It was a telegraph cable under the Atlantic Ocean from Eastern Newfoundland to Western Ireland. The project had begun in 1857 and was completed in 1858.

It only functioned for three weeks, but it was the first such project to achieve its goal. The first telegram was a letter of congratulations from Queen Victoria to President James Buchanan on August 16th. The next successful connection was made in 1866.

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1858 Gold Dollar Information about 1858 Gold Dollar


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