The $1 Gold Coin, Type 3, issued in 1870, is part of the United States' series of gold coins minted between 1849 and 1889. This particular type features a more pronounced design with an updated depiction of Liberty. The obverse showcases Liberty wearing a diadem, while the reverse displays an eagle with a shield. The Type 3 coins were produced to provide a convenient small denomination for everyday transactions and are significant for collectors due to their historical context and gold content. As a collectible, the 1870 Type 3 coin holds value not only for its gold but also for its rarity and condition in the numismatic market.

Item Denomination Series Year Mint
1870 G$1 G$1 $1 Gold – Type 3 1870 Philadelphia
1870-S G$1 G$1 $1 Gold – Type 3 1870 San Francisco