1855 G$1 PR66 Deep Cameo PCGS. Ex: Pittman. Alexander Hamilton's original 1791 vision for U.S. coinage comprised a gold dol...
Bid InformationFor your convenience, the bid information on this page automatically refreshes with the most up to date data so you don't have to refresh/reload this page.
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.
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.
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.)
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.
- 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:
- There is no penalty for paying off early.
- Non-dealers only
- With pre-approved credit application
- Get pre-approved by filling out a credit application.
- Bid normally and win some lots.
- When you get your electronic invoice, select "other" from the payment options.
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.
- Minimum down payment is 20%.
- There is no penalty for paying off early.
- Non-dealers only
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.
Although a couple of times in the 1840s proposals for a gold dollar resurfaced,Mint officials remained adamant in their opposition. The dynamics of bimetallism ultimately changed the situation in 1848, when the abundance of gold from the new California discoveries made silver dollars overpriced in relation to gold eagles. Silver dollars promptly disappeared from circulation and were widely hoarded, exported, and melted. This is one of many practical demonstrations in U.S. numismatic and economic history of Gresham's Law, in its simplest form saying that "Bad money drives out good money."
By 1849, the need for a circulating medium (aside from paper scrip) forced the reluctant Mint to begin making gold dollars. The Type One pieces, produced from 1849 to 1854, were smaller in diameter and thicker than the Type Two dollars, produced only in 1854 through 1856. When James Ross Snowden took over as Mint director in 1853, he determined that the gold dollar should be larger in diameter and thinner. Mint Engraver James Longacre, who took the job upon Christian Gobrecht's death in 1844, accordingly began work on a second design for the gold dollars. Longacre used yet another incarnation of the so-called Indian Princess motif for the Type Two dollars, not unlike the one he used on three dollar gold pieces. Snowden requested that Longacre make the three dollar gold pieces large enough that there could be no chance of their confusion with half eagles or quarter eagles. Longacre then followed a proportional enlargement for the Type Two gold dollars, increasing their size from 0.50 inches (the Type One size) to 0.5625 inches for the Type Two pieces.
The Type Two pieces, troublesome and unsatisfying from the start, almost never struck up well. Even Uncirculated examples show blurry detail in Liberty's hair, the LL in DOLLAR, and the 85 in the date--if not the entire date. The highpoints of the obverse, directly opposed to the date and denomination on the reverse, ensured that both the design and the singular information quickly wore to illegibility in circulation. After only three years, the Mint changed the design again, this time with an obverse and reverse that strived to avoid putting high relief areas in direct opposition.
Because of their difficult design and the enduring popularity of gold type collecting, Type Two gold dollars in high grades have emerged as a prime gold type coin rarity. The 1854 and 1855 gold dollars were the first and only P-mint gold dollars produced with the Type Two Indian Princess design. Each issue saw a fairly sizeable number of business strikes--more than 783,000 pieces of the 1854 and 758,000 examples of the 1855--but only an extremely small number of proof gold coins were minted.
Among 19th century proof gold, few type coins are rarer or more desirable than the Type Two gold dollar. Because of the difficulty of finding high grade, well-struck-up pieces, collectors with available funds turn to proof Type Two gold dollars as a more than acceptable alternative to mushy business strikes. Proofs are immediately recognizable when encountered; the deeply mirrored fields allow no confusion with circulation strikes. About eight to 10 examples are known today: NGC and PCGS together account for 11 examples in all grades, undoubtedly including resubmissions. This coin is the finest and only PR66 Deep Cameo at PCGS and is tied with a single PR66 Ultra Cameo at NGC, with none finer (9/06). The coin shows smooth, mirrored looking-glass fields and thick frost on the devices, with superlative black-on-gold contrast. A couple of tiny planchet flakes are seen on the reverse in the upper left field, and a bit of strike weakness shows on the 8 in the date--a diagnostic of genuine proofs. Yet the viewer is left with the unmistakable impression of great beauty, rarity, and desirability. John Jay Pittman purchased this particular coin from the Melish Sale in 1956, paying an astonishing $225 at that time. In buying this coin, he used the bidding technique he was famous for: When he really wanted a lot and was willing to pay whatever it took to buy it, he would stand at the front of the room with his arm held high and stare down the competition. Pittman, a numismatic legend, was never a wealthy man, but he was extremely knowledgeable and astute in his coin buying, and he always insisted on buying the best quality that he could afford. That insistence on quality is evident today, in this tied-for-finest example of a legendary rarity, with an equally legendary pedigree.
From The Dr. Robert J. Loewinger Collection.(Registry values: P10) (NGC ID# 25DW, PCGS# 97602)
Service and Handling Description: Coin/Currency (view shipping information)