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Lot
1366

1881 G$1 PR67 Ultra Cameo NGC....

2008 March Phoenix, AZ (ANA) Signature Auction #1102

 
Sold for: $48,875.00 (includes BP )
Bid Source: Internet bidder
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Auction Ended On: Mar 7, 2008
Item Activity: 10 Internet/mail/phone bidders
2,073 page views
Description:
Extraordinary 1881 Gold Dollar, PR67 Ultra Cameo
1881 G$1 PR67 Ultra Cameo NGC. Only 87 proof gold dollars were struck in 1881. The occasional offering of first-strike business strikes has tended to cloud the issue of this date's availability. As Breen points out, there are two obverse varieties for this date. Proofs show "heavy letters with partial extra outlines, but so do some business strikes (mostly UNC. with a minority of AU's ; often hard to tell from proofs)." This difficulty in discerning proofs from first-strike prooflike circulation strikes is best pointed out by Akers (1975): "The famous Leon Lindheim hoard of 54 'proofs' was purchased several years ago by Paramount. It included 46 circulation strikes and only 8 proofs. ... The true proofs of 1881 are distinguishable by a small unfinished area in the die between the lower left part of the D in DOLLAR and the wreath."
NGC has certified 29 pieces as proof, most of which are either Cameo or Ultra Cameo. Only two pieces have been graded PR67 Ultra Cameo, with none finer (1/08). PCGS has certified a similar number with 28 graded as non-cameo, Cameo, and Deep Cameo. There is, of course, a certain number of resubmissions and crossovers included in these totals, which significantly reduces the total number available--probably close to the 35 to 40 pieces estimated to exist.
This is a superlative example that has deeply mirrored fields that go absolutely black when angled just so under a light. The devices are very heavily frosted and give the coin its stark cameo appearance. Examination with a magnifier reveals the lovely orange-peel finish seen on many proof gold coins from this era.
From The Ultra Collection.(Registry values: P3) (#97631)

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Previous Prices from Heritage Auctions
Lot Date Grade Service Realized
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Previous Prices Reported By Other Auction Firms (Not Verified By Heritage)
Source Date Grade Service Realized
Unconfirmed Thursday, October 6, 2005 67 NGC $18,400.00
Unconfirmed Monday, January 10, 2005 67 NGC $23,000.00
PLEASE NOTE: Heritage has not verified this data, which represents the sale or auction of an item from a third party (and includes the Buyer’s Premium where applicable). All information listed is intended to be as accurate as possible, but it has been taken from sources that may or may not be reliable and errors are possible. Please use this guide carefully and inform us of any inaccuracies.
Price Guide*
Grade Coin World
(Coin Values)
Numismedia
Retail
Numismedia
Wholesale
Numismedia
NGC (nmn)
Numismedia
PCGS (nmp)
PCGS
Price Guide
PCGS+
66 $27,500 $19,380 $15,500 $14,000 $14,250 $22,000 ---
67 --- --- --- --- --- --- ---
68 --- --- --- --- --- --- ---
*All information listed is intended to be as accurate as possible, but errors are possible. No item may be returned or refused based on this information which is provided as a service to our customers. You should contact each pricing source directly to determine the accuracy of this information.
Population Guide
Service Grade Population in this Grade Population of Higher Grade Population in All Grades + Mintage Engraver
PCGS Not available from PCGS 0  
NGC 67 2 0 10 -
CAC 67 0 0 5 -
*This information is provided and owned by PCGS. Its display and use are subject to the licensed agreement between PCGS and Heritage Auctions.
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