The 1856 $1 Gold Type 2 coin, also known as the Liberty Head gold dollar, features a design that includes a portrait of Liberty facing left on the obverse, with the inscriptions "LIBERTY" and the date, as well as the word "GOLD" to signify its metal content. The reverse showcases a simple wreath encircling the denomination "1 DOLLAR." This type of coin was produced during a period when the United States was transitioning its gold coinage and is sought after by collectors due to its historical significance and relatively low mintage. The Type 2 variant is characterized by a more refined design compared to its predecessor, making it a notable item for numismatic enthusiasts.