The world of coin collecting is full of exciting discoveries, with rare mint errors being some of the most treasured finds.
One such fascinating coin is the 1855-O Type 2 Gold Dollar, which stands out due to its unique double-strike error.
This rare U.S. gold coin, certified by the Numismatic Guaranty Corporation (NGC) as AU Details, has an off-center second strike,
making it a prized piece for collectors. In this article, we’ll explore the rarity, historical significance, and value of this extraordinary coin.
What Makes the 1855-O Type 2 Gold Dollar So Special?
The 1855-O Type 2 Gold Dollar was minted at the New Orleans Mint, with only 55,000 coins produced. However, what truly sets this coin apart is its double-strike error. A double-struck coin is one that has been hit twice by the minting press.
In this case, the second strike is 95% off-center, creating a rare and unique appearance. This error makes the coin an incredibly rare piece, especially since it is 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 produced when a coin is struck twice by the minting press. Normally, coins are struck once to create a perfect image. However, when the coin is misaligned during the second strike,
it results in an off-center image, like the 1855-O Type 2 Gold Dollar. Such errors are very uncommon, particularly in gold coins, which makes this coin a true gem in the numismatic world.
The New Orleans Mint and Its Significance
The New Orleans Mint, established in 1835, has a rich history in producing some of the most notable U.S. coins. Although the 1855-O Type 2 Gold Dollar had a small mintage of 55,000, the double-strike error has made this coin an iconic piece.
The mint operated until 1861 and resumed in 1879, contributing to the rich legacy of U.S. coins. The New Orleans Mint is particularly famous for producing rare coins like the one highlighted in this article.
Value of the 1855-O Type 2 Gold Dollar
Due to its extremely rare mint error, the 1855-O Type 2 Gold Dollar is considered priceless by collectors. With only three major errors known in this series of gold coins,
this double-struck specimen is unmatched in rarity and historical value. The off-center double-strike makes this coin not just a collectible but a piece of U.S. minting history.
Other Notable Double-Struck U.S. Gold Coins
While the 1855-O Type 2 Gold Dollar is unique, other U.S. gold coins have featured mint errors, including:
- 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 have the exceptional off-center double strike that makes the 1855-O Type 2 Gold Dollar so historically significant.
The 1855-O Type 2 Gold Dollar is a unique and valuable coin due to its rare double-strike error.
With only 55,000 minted and the distinction of being the only known U.S. gold coin with a 95% off-center second strike, this coin is a dream for collectors.
Its historical background, connection to the New Orleans Mint, and near-perfect grading make it a piece that transcends standard coin collecting. This rare find is not just a coin but a symbol of U.S. minting history.
1. What is a double-struck coin?
A double-struck coin is a coin that has been struck twice by the minting press, resulting in an off-center image on the coin, like the 1855-O Type 2 Gold Dollar.
2. Why is the 1855-O Type 2 Gold Dollar so valuable?
This coin is extremely valuable due to its unique mint error—a double-strike with the second strike 95% off-center—and its historical rarity, making it a priceless collectible.
3. How many 1855-O Type 2 Gold Dollars were minted?
Only 55,000 of these coins were minted, adding to its rarity, but the double-strike error makes this particular coin even more special.
4. What other gold coins have double-strike errors?
Some other double-struck gold coins include the 1804 $2 1/2 Draped Bust and the 1806 $5 Capped Bust, though they are not as unique as the 1855-O Type 2 Gold Dollar.
5. Where was the 1855-O Type 2 Gold Dollar minted?
This rare coin was minted at the New Orleans Mint, which has produced some of the most valuable U.S. coins in history.
