Are you absolutely certain? No US coin was ever minted in 1851 of that type, there was an 1853-55 run, but no 1851. At least not on record of the US Mint.
Issues were brief and limited: 1854 - 1855 Philadelphia, 1855 from three Southern branch mints, 1856 San Francisco after the device had been condemned. The 1856 S dies were shipped west in 1855 before Snowden's decision to redesign the obverse. In all, only 1,704,985 were issued for circulation: about 1/7 the mintage of small size dollars. The coins unsatisfactory from the beginning. Longacre had miscalculated, overestimating the power of coining presses then in use. This error most of all affected the C- and D-Mint issues: These branches were using presses installed in 1838, some of them much older even then. Inevitably, few "Type II" gold dollars were well enough struck to bring out full central details; most are weak on central hair, with 8 and LL (and sometimes the whole date) blurry or illegible. (This could not have been anticipated from the five Philadelphia proofs.) Even Longacre's L initial on truncation is hard to see and often unnoticed.
and then there is:
In 1853 the United States negotiated the "Gadsden Purchase"-settlement of a boundary dispute with Mexico that resulted in the U.S. acquiring what would become the southern portions of Arizona and New Mexico for ten million dollars. The following year Commodore Matthew Perry embarked upon his famed expedition to re-open Japan to the Western world and establish trade. Spreading beyond its borders in many ways, a few years earlier the United States had joined the worldwide move to uniform postage rates and printed stamps when the Congressional Act of March 3, 1845 authorized the first U.S. postage stamps, and set the local prepaid letter rate at five cents. This set the stage for a close connection between postal and coinage history.
A total of just over 535,000 pieces were issued along with 2058 proofs. The first coins struck were the 15 proofs of 1854. Regular coinage began on May 1, and that first year saw 138,618 pieces struck at Philadelphia (no mintmark), 1,120 at Dahlonega (D), and 24,000 at New Orleans (O). These two branch mints would strike coins only in 1854. San Francisco produced the three-dollar denomination in 1855, 1856, and 1857, again in 1860, and apparently one final piece in 1870. Mintmarks are found below the wreath.
Every U.S. denomination boasts a number of major rarities. The three-dollar gold coinage of 1854-1889 is studded with so many low-mintage dates that the entire series may fairly be called rare. In mint state 1878 is the most common date, followed by the 1879, 1888, 1854, 1889 and 1874 issues. Every other date is very rare in high grade, particularly 1858, 1865, 1873 Closed 3 and all the San Francisco issues. Minuscule mintages were the rule in the later years. Proof coins prior to 1859 are extremely rare and more difficult to find than the proof-only issues of 1873 Open 3, 1875 and 1876, but many dates are even rarer in the higher mint state grades. This is because at least some proofs were saved by well- heeled collectors, while few collectors showed any interest in higher-grade business strikes of gold coins. Counterfeits are known for many dates; any suspicious piece should be authenticated.
The rarest date of all is the unique 1870-S, of which only one example was struck for inclusion in the new Mint's cornerstone. Either the coin escaped, or a second was struck as a pocket piece for San Francisco Mint Coiner J. B. Harmstead. In any event, one coin showing traces of jewelry use surfaced in the numismatic market in 1907, and it was sold to prominent collector William H. Woodin. When Thomas L. Elder sold the Woodin collection in 1911, the coin went to Baltimore's Waldo C. Newcomer. Later owned by Virgil Brand, it was next sold by Ted and Carl Brandts of Ohio's Celina Coin Co. and Stack's of New York to Louis C. Eliasberg in 1946 for $11,500. In Bowers and Ruddy's October 1982 sale of the Eliasberg Collection, this famous coin sold for a record $687,500.
The three-dollar denomination quietly expired in 1889 along with the gold dollar and nickel three-cent piece. America's coinage was certainly more prosaic without this odd denomination gold piece, but its future popularity with collectors would vastly outstrip the lukewarm public reception it enjoyed during its circulating life.
Very few mint state examples survive of any but the handful of relatively common dates noted above. Most three-dollar pieces are found in the grades of Very Fine or Extremely Fine, many of them damaged from use as jewelry. Quite a few were fashioned into "love tokens." This involved planing off one side of the coin, typically the reverse, and inscribing a message or sentiment of some kind in its place. The popularity of such mementos peaked during the 1880s, and numerous gold dollars, quarter eagles and three-dollar pieces succumbed to this folk art.
As there's quite a difference in value between mint state examples of the three-dollar piece and those exhibiting some wear, careful grading of these coins is critical. The high points of the obverse design that first show wear are the cheek and hair above the eye; on the reverse, check the bow knot and leaves. Also, always look carefully at any uncertified specimens, as these may have been repaired to disguise old mountings or other signs of jewelry use.
SPECIFICATIONS:
Diameter: 20.6 millimeters Weight: 5.015 grams Composition: .900 gold, .100 Copper Edge: Reeded Net Weight: .14512 ounce pure gold
very rare coin indeed. It would be almost priceless given those figures. I would have that puppy in a bank vault and ready to visit Sotherbeys in New York on tomorrows earliest flight.
Gratzi
2007-01-06 11:15:23
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answer #1
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answered by Anonymous
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The Indian heads were started in 1908 and ran through 1929. AND they were GOLD in color not silver.
You could possibly have a counterfeit or a piece of play money.
No Indian heads were made in 1851. However there are the Indian Princess head coins from 1854 to 1856. They are worth anywhere from $350 to $225,000.
Good Luck and happy Saturday !!
: )
2007-01-06 11:44:04
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answer #2
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answered by Kitty 6
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