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Lot
4693

1855 G$1 MS64 NGC....

2013 June 5 - 9 US Coin Signature Auction - Long Beach #1186

 
Sold for: Not Sold
Auction Ended On: Jun 6, 2013
Item Activity: 4 Internet/mail/phone bidders
331 page views
Location: Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA 90802

Description:
1855 Type Two Gold Dollar, MS64
Lustrous and Better-Struck Than Usual
1855 G$1 MS64 NGC. The revamping of the gold dollars in 1854 resulted in the so-called Type Two design, introduced midway through the year with the so-called Indian Princess motif. The coins were 2 mm larger than the Type One coins, and the planchets were correspondingly thinner to keep a constant weight and gold content. The Indian Princess design was virtually identical to that of the three dollar gold denomination, launched in 1854. Although the three dollar pieces struck up fairly well, the Type Two gold dollars featured a high-relief design that produced poor strikes. Bowers writes in the Expert's Guide to Collecting & Investing in Rare Coins that the "deepest part of the obverse (the high-relief portrait of Miss Liberty) was, in the coining press, opposite the date digits in the reverse die, and there was not enough metal flow on the thin planchet to fill both areas." The redesigned Type Three dollars remained the same size as the Type Two coins but had a shallower relief.

This is a remarkably sharp example of the Type Two design. Only slight high-point softness is seen on the top of the headdress and OLL, opposing areas of the obverse and reverse designs. The surfaces are bright and highly lustrous, and the fields display the usual die clashing common to Type Twos.(Registry values: N7079) (NGC ID# 25C4, PCGS# 7532)

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