1855 G$1 PR65 PCGS....
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Minimum Next BidBid increments determine the lowest amount you may bid on a particular lot. Normally, bids must be at least one bidding increment over the Current Bid. However, podium, fax, phone and mail bidders submit bids at various times without knowing the current bid and must be on-increment or at a half increment (called a Cut Bid). Any podium, fax, phone, or mail bids that do not conform to a full or half increment will be rounded up or down to the nearest full or half increment.
Internet bids are required only to bid the increment past the Current Bid, or more. Internet bids greater than one increment over the Current Bid can be any whole dollar amount.
It is possible under several circumstances for winning bids to be between increments. It is also possible for an existing bid to be outbid by less than a full increment, sometimes by only $1. This usually happens when two bidders feel that a lot is worth about the same amount, but one places an off-increment bid. Generally when this happens, the Current Bid was much lower than the high secret maximum bid when the off-increment bidder placed his bid.
For example: On Tuesday, you bid $1500 against Bidder A's Maximum Bid of $1000, raising Current Bid to $1100. Then on Thursday, Bidder B, seeing a Current Bid of $1100, guesses the final price and decides to bid $1501, outbidding your Maximum Bid by $1. You would now have to bid $1600 through Heritage Internet bidding or $1550 on Heritage Live (if available for the auction) to possibly win that lot. Next time, maybe you'll bid $1502 and outbid Bidder B by $1!
Number of BiddersThis number represents the number of individual bidders prior to the close of Internet bidding on each lot. An individual who bids more than once is still counted only once. During the live session, only the winning bidder is included in this number, although detailed records are kept of all forms of bids.
Reserve (If Any) Not Posted Yet:
Although many lots will not get reserves, this signifies that we have not yet posted any reserves to this entire auction. Reserves are usually posted approximately 3 days prior to the closing for Internet-only auctions, and approximately 7 days prior to the live session for Signature auctions. At that point, any unmet Reserve will become both the price shown (with an asterisk) and the Minimum Next Bid, regardless of any previous bids.
Consignor Has Not Yet Submitted a Reserve:
Although the consignor's agreement allows a reserve on this lot, the deadline for submitting such a reserve has elapsed. If consignor submits a reserve post-deadline and the item fails to meet that reserve, we may charge the consignor a higher reserve fee.
This lot is being sold without a consignor reserve. (Note: By law, consignors may still bid under certain conditions, but they are responsible for paying the full Buyer's Premium and Seller's Commission if they do.)
Reserve Not Met:
A reserve has been posted on this lot, but no bids have met the reserve. The current bid has been set to the reserve amount, and the next bid will meet the reserve.
Reserves have been posted for this auction, and there is a reserve on this lot that has already been met.
Lots bearing estimates and without Consignor Reserve shall open at Auctioneer's discretion (usually 25% to 60% of the low estimate).
What's This?The owner of this item has indicated that they would sell this item at the amount, although their acceptance of your offer is required before the item can be purchased.
BP - Buyer's Premium per LotA Buyer's Premium will be added to each successful bid. For this sale: 15% of the successful bid (minimum $9) per lot. Please see #2 in our Terms & Conditions.
Not SoldThis indicates an item that did not sell at auction because it did not receive bids equal to or greater than the reserve (minimum bid) amount set by the consignor, or the opening bid.
Opening Bid:Lots bearing estimates and without Consignor Reserve shall open at Auctioneer's discretion (usually 25% to 60% of the low estimate).
Extended Payment Plan
Available on select items as noted on the item page in the bidding area.
- Minimum invoice total is $2,500.
- You may take up to four (4) months to pay the balance (monthly payments of at least 1/4th of invoice total).
- Minimum down payment is 25% within two weeks of the sale date. All down payments made beyond this 2 week window will require a 35% down payment, and the term will be shortened to 3 months.
- Subject to a refundable 3% set-up fee, which will be paid as part of your 1st monthly installment. This fee will be refundable upon completion of the plan if the following conditions are satisfied:
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- Non-dealers only
- With pre-approved credit application
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Note: This offer may not be available on some items.
Terms and Conditions
Extended Payment Plan for Heritage Owned Inventory Items(excludes Virtual Bourse, Comic Market and Virtual Sports Show)
- Minimum invoice total is $2,000.
- You may take up to 6 months to pay the balance (monthly payments of at least 1/6th of invoice total).
- Minimum down payment is 20%.
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SMS Alerts- Receive a text message approximately 35 lots ahead of your item being up for bidding at auction, with a link to bid in Heritage Live in the text message. Haven't registered? Visit MyProfile to sign-up for free by entering your mobile number. The green icon indicates Live Bidding Text Alerts are on for that lot. Live Bidding Text Alerts are only available for lots in live sessions.
Note: The extra increment won't be placed until the item is up for live bidding, so it is possible that you could be outbid by a bid placed prior to live bidding, such as another proxy bid, live proxy bid, mail bid, etc., which could result in your losing the lot by that one increment. For the same reason, it is also possible that a currently losing bid with bid protection placed could potentially win the lot once the lot is subject to live bidding and the Bid Protection increment(s) is placed.
The dies for the Type Two gold dollar were completely hubbed except for the dates and mintmarks, which had to be entered by hand, as usual. As a result, the proofs produced the previous year and also in 1855, do not show evidence of these miscalculations. The only weakness on this coin is on the 8 in the date (a diagnostic of all known 1855 proofs), which is most likely from that digit having been punched too shallowly into the die. To call this coin "rare" does not really convey its true elusiveness. Only eight pieces have been positively pedigreed and two of those are permanently impounded, one in the Smithsonian and the other in the ANS holdings. With thanks to David Akers for his research that helped straighten out the pedigrees of the eight known examples, we would like to reproduce his roster of known specimens:
1. Smithsonian Institution.
2. ANS, J.P. Morgan.
3. John Jay Pittman. Ex: Thomas Melish, lot 1743; William H. Woodin, lot 852; Lorin G. Parmelee, lot 1255.
4. Harold Bareford, lot 29. Ex: "Memorable," lot 9; "World's Greatest Collection," lot 9; John Story Jenks, lot 5822.
5. Norman Stack. Sold with his type set in 1990. In the Stack Collection since at least 1971, per Harvey Stack.
6. Ed Trompeter, lot 1. Ex: Louis Eliasberg, Sr., lot 26; John H. Clapp; Elmer Sears (1909).
7. Mocatta Metals. Purchased privately in 1975.
8. Floyd T. Starr, the present specimen. Probably Ex: George H. Hall, lot 1678; J.F. Bell, lot 9.
The most recent appearance at public auction of a proof 1855 was in Akers' offering of the Pittman Collection in 1997. Glancing over the scant offerings in our auction archives gives one the impression that one of these proofs is offered on average every 8-10 years.
This fabulous coin is from the landmark collection assembled by Floyd Starr. The fields show full mirrored flash with only the slightest hairlines present. The devices are noticeably frosted and present an impressive cameo appearance against the illimitable depths of reflectivity in the fields. A couple of shallow planchet flakes are located below the F in OF, and serve as positive pedigree identifiers of this coin. As indicated in the Starr catalog, the upper leaves on the wreath on the reverse show "full flash," obviously from overvigorous polishing of the die. Rich reddish-golden color completes the physical description of this rarity. We cannot overemphasize the importance of this offering, and It will be interesting to see how the market values this piece. When it was last sold in 1992, this coin brought $82,500. Five years later, the Pittman coin, which is a PR66, realized $121,000. Now, eight years have passed and we are in the midst of a very strong collector-based boom in the coin market. It will be very interesting to see how this piece will be valued by bidders at this memorable FUN Sale.
From The Gold Rush Collection.(#7602) (Registry values: P10) (NGC ID# 25DW, PCGS# 7602)
Service and Handling Description: Coin/Currency (view shipping information)