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1859-S GOLD DOLLAR - TYPE 3 GOLD DOLLAR
1859-S Gold Dollar

1859-S Gold Dollar - The 1859-S Gold Dollar is rare in Mint Condition with only 23 certified by both grading services. Most are well struck on better quality planchets. The coin is undervalued when compared to the Southern branch mint coins.

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 1859 the Comstock Lode was discovered in what is now Virginia City, Nevada. Prospectors rushed to make claims and mining camps thrived. After the surface ore was exhausted, miners had to tunnel underground to reach the deposits. The Comstock Lode deposits often occurred in discrete masses that were hundreds of feet thick.

The soft ore could be removed with a shovel, but this caused weakness that led to cave-ins. Timbers were used to fill in the voids to prevent more cave-ins. Peak production at the Comstock mines yielded over fourteen million dollars worth of gold and twenty-one million dollars worth of silver, about 840 million dollars in today’s money adjusted for inflation.

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1859-S Gold Dollar Information about 1859-S Gold Dollar


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