The 1855 $1 Gold Type 2 coin, part of the United States' gold dollar series, features a modified design compared to Type 1 coins. It was minted during a period of significant gold production and reflects the Coinage Act of 1849, which authorized the minting of gold dollars. The Type 2 design includes a more pronounced Liberty head and a larger denomination inscription. Collectors often seek these coins for their historical significance, aesthetic appeal, and rarity, particularly in higher grades.