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$1 Liberty (Type I) 1849-1854 |
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 The $1 Gold coin was a long time in coming. There was considerable debate as to the merits of the gold dollar, as silver had been firmly established as the metal from which a dollar coin was to be coined. Proponents of the dollar coin argued that the silver dollar was too big and cumbersome to carry; ironically the Type I dollar faced criticism for being too small. Designed by James B. Longacre, the Type I dollar’s tenure spans but six years. The Type II design which replaced it was thinner but given a greater diameter in response to criticism of the Type I coin’s especially small size.
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