On This Day

US authorizes minting of $3 gold pieces

The gold dollar or gold one-dollar piece is a gold coin that was struck as a regular issue by the United States Bureau of the Mint from 1849 to 1889.

The gold dollar or gold one-dollar piece is a gold coin that was struck as a regular issue by the United States Bureau of the Mint from 1849 to 1889. The coin had three types over its lifetime, all designed by Mint Chief Engraver James B. Longacre. The Type 1 issue has the smallest diameter (0.5 inch =12.7mm) of any United States coin minted to date.

A gold dollar coin had been proposed several times in the 1830s and 1840s, but was not initially adopted. Congress was finally galvanized into action by the increased supply of bullion caused by the California gold rush, and in 1849 authorized a gold dollar. In its early years, silver coins were being hoarded or exported, and the gold dollar found a ready place in commerce.

Historical Significance

The gold dollar or gold one-dollar piece is a gold coin that was struck as a regular issue by the United States Bureau of the Mint from 1849 to 1889.

Events Before

  1. National debt of Britain and Ireland is £765,126,582

    National debt of Britain and Ireland is £765,126,582

  2. Fugitive slave Frederick Douglass delivers his 'What to the Slave Is the Fourth of July?' speech to the Ladies' Anti-Sla

    Fugitive slave Frederick Douglass delivers his 'What to the Slave Is the Fourth of July?' speech to the Ladies' Anti-Slavery Society in Rochester, condemning the celebration as a hypocritical sham

  3. Future US President Rutherford B. Hayes (30) weds teetotaler and abolitionist Lucy Webb (21)

    Future US President Rutherford B. Hayes (30) weds teetotaler and abolitionist Lucy Webb (21)

  4. First Chinese immigrants arrive in Hawaii

    First Chinese immigrants arrive in Hawaii

  5. British recognize independence of Transvaal (in South Africa)

    British recognize independence of Transvaal (in South Africa)

Events After

  1. Alice Mary Robertson is born

    Alice Mary Robertson, American politician, known for american politician, was born on 1854-01-02.

  2. Presbyterian minister John Miller Dickey and his wife, Sarah Emlen Cresson, found Ashmun Institute, a historically Black

    Presbyterian minister John Miller Dickey and his wife, Sarah Emlen Cresson, found Ashmun Institute, a historically Black college later known as Lincoln University, in Hinsonville, Pennsylvania

  3. Republican Party is formally organized in Ripon, Wisconsin

    The Republican Party, also known as the Grand Old Party (GOP), is one of the two major political parties in the United States.

  4. Great Britain and France declare war on Russia, expanding the Crimean War

    The Crimean War was fought between the Russian Empire and an alliance of the Ottoman Empire, the Second French Empire, the United Kingdom of Great Britain and Ireland, and the Kingdom of…

  5. Emperor Franz Joseph I of Austria (23) weds Elisabeth, Duchess of Bavaria (16) at the Augustinerkirche, Vienna

    Emperor Franz Joseph I of Austria (23) weds Elisabeth, Duchess of Bavaria (16) at the Augustinerkirche, Vienna

More from the 1850s

Frequently Asked Questions

What happened on February 21, 1853?
The gold dollar or gold one-dollar piece is a gold coin that was struck as a regular issue by the United States Bureau of the Mint from 1849 to 1889. The coin had three types over its lifetime, all designed by Mint Chief Engraver James B. Longacre.
Why is US authorizes minting of $3 gold pieces significant?
The gold dollar or gold one-dollar piece is a gold coin that was struck as a regular issue by the United States Bureau of the Mint from 1849 to 1889.

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