coins \ Coin \ United States of America \ G$1 \ $1 Gold Type 1 \ 1851 \ Philadelphia
The 1851 $1 Gold Coin, Type 1, was minted in Philadelphia and is part of the early series of gold coins produced by the United States. It features a design by engraver James B. Longacre, with a depiction of Liberty on the obverse and a wreath on the reverse. This coin is composed of 90% gold and was issued during a time when gold was being increasingly used for currency due to the Gold Rush. Collectors value it for its historical significance and relatively low mintage compared to later varieties.