1860 Gold Dollar
Circulation strike struck at the Philadelphia Mint · 36,514 made
- Mintage
- 36,514
- Metal
- 90% gold, 10% copper
- Weight
- 1.672 g
- Diameter
- 13 mm (Type 1); 15 mm (Types 2 and 3)
Original illustration. Tap to flip. Not a photograph of the actual coin.
Face value · Metal value · Small premium · Collector premium · Significant rarity. We use bands because prices change daily.
What is an 1860 Gold Dollar worth?
This is one of the dates collectors hunt for. A genuine 1860 is valuable in any condition, even well worn. That's exactly why fakes and altered coins turn up so often.
What would make yours worth more:
- Uncirculated condition with full original luster
- A die variety or minting error
- Certification by PCGS or NGC, which buyers expect for scarce dates
For market prices, check recent sold results for certified coins in the same grade.
Quick answers
- Is the 1860 Gold Dollar rare?
- Yes. Only 36,514 were made, 53rd lowest of the 75 regular issues in the series.
- Is the 1860 Gold Dollar real gold?
- No, it's gold: 0.0484 troy ounces of pure gold.
- Where is the mint mark on an 1860 Gold Dollar?
- On the reverse, below the wreath. Philadelphia coins have no mint mark. A "D" on a coin dated 1861 or earlier means Dahlonega, Georgia.
- Which Philadelphia dates near 1860 are scarcer?
- The 1865 at 3,700, the 1864 at 5,900, the 1863 at 6,200. So the 1860 is on the scarcer side for those years.
- How many 1860 Gold Dollar coins were made?
- 36,514.
What to check on your 1860
- There's no mint mark on this one, so the date and condition are what matter.
- Check the date and mint mark under magnification for tooling or added letters. Scarce dates are the ones forgers alter.
- Proof or circulation strike? A proof has mirror-like fields and frosted design details and was sold to collectors, not released in change. The 1860 Gold Dollar Proof (154 made) is the one to compare with.
- Old coins pick up damage over a long life. Look for holes, bends, scratches or signs of cleaning before you judge the grade, because a damaged coin sells for a fraction of a problem-free one.
- Judge the grade under good light. Look at the hair above the eye and the bow of the wreath. Many gold dollars were made into jewelry, so check for solder marks or removed loops.
Gold coins are counterfeited more than any other US coins. A genuine 1860 weighs 1.672 g. Buy certified examples from a reputable dealer. Low-mintage dates attract altered and counterfeit coins. Check that the date have not been tooled or added, or buy one already certified by PCGS or NGC.
The story of the 1860
Production at Philadelphia fell off a cliff in 1860. Only 36,514 were made, against 168,244 the year before. That drop is why the 1860 is the one people look for. In 1861 the figure was 527,150.
It was the big producer of the year, well ahead of 1860-D (1,566) and 1860-S (13,000). In the whole series, its mintage sits closest to the 1851-C (41,267) and the 1889 (28,950).
Across Philadelphia's 42 Gold Dollar issues, the hardest to find is the 1875 with 400 made. The 1860 is one of the easier ones. Within the 1860s it's 10th smallest of 12, between the 1860-S (13,000) and the 1861 (527,150).
Type 3 at the southern mints (1857 to 1861)
The Type 3 design used a larger, flatter head that struck up better than Type 2. Philadelphia made hundreds of thousands each year, but Charlotte and Dahlonega produced only a few thousand and these coins are scarce. San Francisco struck 10,000 to 15,000 a year. Charlotte struck its last gold dollars in 1859.
The 1861-D is the famous coin of this era. After Georgia seized the Dahlonega Mint in April 1861, a small number of gold dollars were struck there under Confederate control. It is a major rarity today and is often counterfeited. Philadelphia struck 527,150 gold dollars in 1861 as the war began. Branch mint Type 3 dollars of these years are usually found in Very Fine to About Uncirculated.
Elsewhere in US coinage in 1860
The Indian Head cent received its oak wreath and shield reverse, the design it kept until 1909.
How to recognize it
The smallest US coin ever struck came in three types. Type 1 (1849 to 1854) shows a tiny Liberty head and measures only 13 mm. Type 2 (1854 to 1856) is larger and thinner, with Liberty wearing a feathered headdress. Type 3 (1856 to 1889) enlarges the portrait. Every type has a wreath on the reverse around 1 DOLLAR and the date.
Mintage chart
Specifications
| Series | Gold Dollar (1849–1889) |
|---|---|
| Year | 1860 |
| Mint | Philadelphia Mint |
| Mint mark | None |
| Strike type | Circulation strike |
| Mintage | 36,514 |
| Face value | $1 |
| Composition | 90% gold, 10% copper |
| Weight | 1.672 grams |
| Diameter | 13 mm (Type 1); 15 mm (Types 2 and 3) |
| Edge | Reeded |
| Designer | James B. Longacre |
Other 1860 Gold Dollar issues
| Coin | Mintage | Type | Silver |
|---|---|---|---|
| 1860 Gold Dollar | 36,514 | Circulation strike | – |
| 1860 Gold Dollar Proof | 154 | Proof | – |
| 1860-S Gold Dollar | 13,000 | Circulation strike | – |
| 1860-D Gold Dollar | 1,566 | Circulation strike | – |
Mintage: Gold dollar (Wikipedia, CC BY-SA 4.0), compiled from US Mint records and the Guide Book of United States Coins. How we build these pages.