About 10 Proofs are known to exist, probably struck to observe the new type. The new design, by William Kneass, was the result of the law passed by Congress on June 28, 1834, which reduced the weight of gold coins and became effective in August of the same year. As stated earlier, the situation was precipitated by widespread melting and exporting of gold coins, worth more in metal content than in face value.

The example to the left was sold by Stack's Bowers Galleries in the Louis E. Eliasberg United States Gold Coin Auction, where it realized $17,600.