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Lot
4433

1853 G$1 MS67 NGC....

2013 April 24 - 28 CSNS US Coin Signature Auction - Chicago #1184

 
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Auction Ended On: Apr 25, 2013
Item Activity: 4 Internet/mail/phone bidders
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Location: Renaissance Schaumburg Convention Center Hotel
1551 North Thoreau Drive
Schaumburg, IL 60173

Description:
1853 Gold Dollar, MS67
Optimal Type Coin
1853 G$1 MS67 NGC. Due to the gold-silver imbalances created by the California Gold Rush of 1849 and after -- gold was cheap, silver hoarded -- the gold dollars of 1853 were made in large numbers, as silver coins had ceased to circulate, and the one dollar gold was basically the lowest precious-metal circulating denomination. It would take a reduction in the net silver content of minor coinage before silver would again flow through the channels of commerce. More than 4 million gold dollars were struck in 1853, and its large survival today makes it the ideal type coin. The present Superb Gem is deep reddish-gold, dripping with mint luster, and free of even the smallest distractions. Another bonus: The strike is full throughout both sides. Census: 9 in 67, 0 finer (3/13).
From The Fairfax Collection.(Registry values: N7079) (NGC ID# 25BU, PCGS# 7521)

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