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1903 G$1 Jefferson PR67 Ultra Cameo NGC....

2008 September Long Beach, CA US Coin Signature Auction #1116

 
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Auction Ended On: Sep 18, 2008
Item Activity: 6 Internet/mail/phone bidders
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Location:

Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA 90802

Lot Viewing:
Room 104A

Auction Room:
Room 103B

Description:
Rare and Impressive 1903 Jefferson Gold Dollar,
Superb Proof Ultra Cameo
1903 G$1 Jefferson PR67 Ultra Cameo NGC. Two different gold commemoratives were struck to help offset the cost of the Louisiana Purchase Exposition, which was held in St. Louis to celebrate the 100th anniversary of this monumental event. Although the anniversary actually took place in 1903, hence the date on each of these pieces, the fair was delayed until the next year because of the enormity of the undertaking. These pieces hold the distinction of being the first gold commemoratives struck by the United States. While both varieties feature a common reverse, one has a bust of Thomas Jefferson, who was president at the time of the Louisiana Purchase, and the other depicts William McKinley, who sanctioned the event.
Attractive yellow-gold patina drapes the surfaces of this carefully preserved specimen. The devices have a splendid frost, which shows outstanding cameo contrast against the deeply mirrored fields. Close inspection with a loupe reveals only a couple of nearly imperceptible handling marks. This dazzling piece has tremendous eye appeal and would suit even the most discerning eye.
Each of the two types had a total distribution of 17,500 pieces and were offered for sale to collectors or attendees of the exposition. The first 100 pieces of each variety were proofs and, rather than being sold, they were given to important individuals and officials. PCGS has certified only 33 proof Jefferson specimens, of which just two have been certified as Cameo. NGC reports a total of 25 proof Jefferson dollars in all grades, and only five have received the coveted Ultra Cameo designation. A mere two examples have been certified in PR67 Ultra Cameo, and neither grading service reports any finer (8/08). (PCGS# 97482)

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