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Lot
1008

1855-D G$1 MS61 PCGS. Variety 7-I. (per Doug Winter's ...

2004 Orlando, FL (FUN) Signature Sale #336

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Auction Ended On: Jan 7, 2004
Item Activity: 4 Internet/mail/phone bidders
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Location: Orlando, FL
Description:
Second Uncirculated 1855-D Gold Dollar--This One With a Full Date and Fourth Finest Known
1855-D G$1 MS61 PCGS. Variety 7-I. (per Doug Winter's second edition and revised attribution system). Early die state with no die crack to the right of the mintmark. Full Date and very rare as such.

RARITY INFORMATION: As mentioned above, only 1,811 examples were struck of this issue. The 1855-D is the second rarest Dahlonega gold dollar in terms of overall rarity and it is the single rarest in high grades. Of the 70-80 known, around a dozen grade About Uncirculated. There are just four known in Uncirculated of which two are included in the Green Pond Collection (the others are in the Duke's Creek Collection).

STRIKE: This is among the best struck 1855-D gold dollars in existence. The obverse is very sharp with nearly full hair, strong plumes, and distinct individual denticles. The reverse is also sharp. The date is completely full with no signs of weakness. Only a handful of examples exist with a full date and knowledgeable collectors pay a strong premium for an 1855-D with this feature (think of this, if you will, as the Full Head or Full Split Bands phenomenon applied to Dahlonega gold...). In addition, the wreath shows absolutely no weakness and the denticles are fully detailed.

SURFACES: On the obverse there is a faint old scratch that begins in the space between the U and the N and extends into the throat. A few other light nicks and marks can be seen, which are consistent with the grade. The reverse is quite choice. Both sides show distinctive clashmarks that are a bit more obvious than those seen on the MS62 example offered below.

LUSTER: A considerable amount of luster can be seen on the obverse and reverse. The coin has a hard, somewhat glassy appearance and is fully suggestive of a piece that has never been cleaned or dipped.

COLORATION: Perhaps the best feature about this coin, besides its great strike, is its superb color. The 1855-D dollar is almost always seen with non-original color. This piece has a medium to deep green-gold hue with a splash of iridescent coppery-orange on the lower obverse and reddish-gold and chartreuse in the central obverse.

EYE APPEAL: In the world of branch mint Type Two gold dollars, eye appeal is an especially important consideration, given the fact that most pieces are very crudely produced. This coin has a great strike and lovely color which gives it a warmth and personality that is almost never seen on 1855-D dollars. The Green Pond Full Date 1855-D dollar is a coin that is highly respected among Dahlonega specialists.

COMPARABLES: The remarkable Bass II example, graded MS62 by PCGS and notable for its extremely sharp date, brought an incredible $92,000 in 1999. An NGC MS60 with a full date sold in our January 2003 sale for $24,150.

PEDIGREE: Green Pond Collection via Doug Winter 2/00; Hancock and Harwell; Duke's Creek Collection via Hancock and Harwell; Auction '84 (Stack's session, 8/84), lot 1301($10,450); Dr. Arthur Montgomery Collection via Hancock and Harwell. Listed in the updated Condition Census as the fourth finest 1855-D gold dollar. (#7534) (Registry values: P4, N42000) (NGC ID# 25C6, PCGS# 7534)

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