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Lot
4366

1852 PG$1 Gold Dollar, Judd-138 Thin, Pollock-165, Low R.7, PR62 NGC. CAC....

2011 March Sacramento Signature ANA US Coin Auction #1153

 
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Auction Ended On: Mar 18, 2011
Item Activity: 7 Internet/mail/phone bidders Number of Bidders
352 page views
Location: Sacramento Convention Center
1400 J Street
Hall A
Sacramento, CA 95814

Description:
1852 Annular Gold Dollar Pattern, Struck in Silver
Judd-138, PR62
1852 PG$1 Gold Dollar, Judd-138 Thin, Pollock-165, Low R.7, PR62 NGC. CAC. Ex: Lemus. The obverse design consists of the legend USA above and 1852 below. The reverse features a circle of olive sprigs. Struck on an annular, thin silver planchet with a plain edge.
Public complaints that the standard gold dollar coin was too small and easily lost led to this innovative, annular design. Using this format, a coin with a diameter of 0.65 inches could be made using the same weight and fineness specifications as the gold dollar. Unfortunately, the annular design did not function well in high-volume coining operations. The issue comes in both thick and thin planchets.
The surfaces are lightly toned, with a pleasing, golden-rose hue. A few contact marks are consistent with the grade.
Ex: June Sale Part II (Stack's, 6/1984), lot 1268; Lemus Collection, Queller Family Collection Part Two (Heritage, 1/2009), lot 1537. (PCGS# 11583)

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