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The gold dollar is a gold coin follow
The gold dollar was a coin made by the United States Bureau of the Mint from 1849 to 1889. It went through three design changes, all created by Mint chief engraver James B. Longacre. The first type of this coin was the smallest in diameter of any coin ever made in the United States. The idea for a gold dollar had been suggested a few times in the 1830s and 1840s, but it wasn't initially accepted. However, the California gold rush led to an increased supply of gold, which made Congress decide to authorize the production of a gold dollar in 1849.
Initially, the gold dollar was popular because silver coins were being hoarded or sent out of the country, and the gold dollar filled the gap in commerce. However, when Congress made new silver coins lighter in 1853, silver started circulating again, and the gold dollar became rare in everyday transactions. During the American Civil War, when federal coins disappeared from circulation due to economic disruption, gold didn't circulate widely in most of the country until 1879. Even then, the gold dollar didn't become commonly used again. Towards the end of its production, only a few gold dollars were made, and they were mostly hoarded by speculators or used in jewelry. Today, three types of these gold dollars, which depict Liberty wearing a crown and an Indian princess, can be found in the National Numismatic Collection at the National Museum of American History.
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