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1856 Upright 5

Gold Coins · Indian Princess (Large Head) Gold Dollars · 1856–1889
Variety
Weight1.672 g
Diameter15 mm
MintPhiladelphia
StrikeCirculation strike
Mintage 1,762,936 Combined mintage for all 1856 Philadelphia varieties
EdgeReeded
Alignment↑↓ Coin
Composition90% Gold, 10% Copper
DesignerJames B. Longacre
Collector's Key IDCK-5256

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About this coinHistory

The 1856 Upright 5 variety uses a date punch where the numeral 5 stands more vertically, distinguishing it from the standard Slanted 5 issue. The difference is visible under low magnification on coins in Fine or better condition. The two varieties represent different date punches used during the 1856 production run, a common occurrence at the Mint during this period when each die was prepared individually by hand.

Both varieties share the total 1856 Philadelphia mintage of 1,762,936 coins. The Upright 5 is scarcer and commands a modest premium over the Slanted 5 in most grades. PCGS and NGC attribute the variety on their holders. Collectors who pursue the Type 3 gold dollar by date and variety treat the two 1856 punch types as separate entries, while type collectors generally select whichever is available at a better price.

Price guideReference

Reference data only — not an appraisal.

GradeDescriptionLowHigh
G-4 Good (G)
VG-8 Very Good (VG)
F-12 Fine (F)
VF-20 Very Fine (VF) $325 $375
EF-40 Extremely Fine (EF) $335 $385
AU-50 About Uncirculated (AU) $385 $440
MS-60 Uncirculated (MS) $595 $685
MS-63 Choice Uncirculated (MS) $1,700 $1,800
Frequently Asked QuestionsFAQ
How much is a 1856 Upright 5 Indian Princess (Large Head) Gold Dollar worth?
In Very Fine condition it runs about $325–$375, rising to roughly $595–$685 in Uncirculated. These are reference values, not an appraisal.
How many 1856 Upright 5 Indian Princess (Large Head) Gold Dollars were minted?
1,762,936 were struck (Combined mintage for all 1856 Philadelphia varieties).
What is a 1856 Upright 5 Indian Princess (Large Head) Gold Dollar made of?
90% Gold, 10% Copper, weighing 1.672 g.
What is the melt value of a 1856 Upright 5 Indian Princess (Large Head) Gold Dollar?
Its melt value is its metal content multiplied by the current spot price. See our melt calculator on the metals pages for a live figure.
Is the 1856 Upright 5 Indian Princess (Large Head) Gold Dollar a key date?
It's a more common date overall, though scarcer die varieties may carry a premium — see the varieties list.