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Lot
4675

1905 G$1 Lewis and Clark MS67 NGC. Ex: Swiss America/Dr. Merritt. Fully struck with scintillating cartwheel luster in the f...

2006 June Long Beach Signature Auction #408

 
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Auction Ended On: Jun 3, 2006
Item Activity: 13 Internet/mail/phone bidders Number of Bidders
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Description:
Spectacular Superb 1905 Lewis and Clark Dollar
1905 G$1 Lewis and Clark MS67 NGC. Ex: Swiss America/Dr. Merritt. Fully struck with scintillating cartwheel luster in the fields and exquisitely beautiful red-orange and mint-green toning presented over both sides. As expected, the surfaces of this stunning Superb Gem are virtually pristine.
Although the U.S. commemorative series was little more than a decade old by 1905, history was already repeating itself. The 1893 Chicago World's Fair was originally set to open in 1892, a more logical date since it commemorated the 400th anniversary of Columbus' discovery of America. From a numismatic perspective, the solution was to strike Columbian half dollars for both dates, 1892 and 1893, thus creating an additional coin for the collector to acquire, and additional revenue for the Exposition organizers. The Portland, Oregon Lewis and Clark Exposition was originally scheduled to open in 1904, but did not do so until June, 1905, partly due to competition from the 1904 Louisiana Purchase Exposition in St. Louis. Once again, the numismatic solution was to strike Lewis and Clark gold dollars with both dates. The 1904 and 1905 issues have similar net mintages, per the Guide Book, but it is clear that the 1905 is the scarcer of the two dates in better Mint State grades. The temptation is to conclude that collectors who purchased the 1904 passed on the 1905, but in fact, neither date was made available until 1905. More likely, the Philadelphia Mint produced and delivered the 1904 gold dollars with better quality, relative to the 1905 issue. Currently, the Lewis and Clark is the only two-headed U.S. type, although that is likely to change with the upcoming Presidential/First Lady commemorative series. Census: 2 in 67, 0 finer (4/06).(Registry values: N10218) (NGC ID# 26HD, PCGS# 7448)

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