coins \ Coin \ United States of America \ G$1 \ $1 Gold Type 3 \ 1862
The 1862 $1 Gold Coin, known as Type 3, is part of the Liberty Head series minted from 1849 to 1889. The Type 3 design features a more refined depiction of Lady Liberty compared to its predecessors, with a slightly altered hair design and a larger denomination inscription. This coin was produced during the U.S. Civil War, making it a notable collectible due to its historical context and its status as one of the first gold coins issued for general circulation. Its gold content is approximately 1/10th of an ounce, and while it is less common than other denominations, it holds value for collectors due to its age, design, and gold content.