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Lot
5785

1861 G$1 PR66 Cameo NGC....

2013 January 9-14 US Coin FUN Signature Auction - Orlando #1181

 
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Auction Ended On: Jan 10, 2013
Item Activity: 8 Internet/mail/phone bidders
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Location: Orange County Convention Center
North/South Building
9400 Universal Blvd.
Orlando, FL 32819

Description:
Glittering 1861 Gold Dollar, PR66 Cameo
1861 G$1 PR66 Cameo NGC. A total of 349 proof coins are recorded for the 1861 gold dollar production, an enormous quantity in context of the time and series. The 1862 had a nominal -- yet typical -- proof emission of 35 pieces. Garrett and Guth comment that both proof dollars are about equally rare, concluding that the vast majority of 1861s must have been subsequently melted. Could there have been an anticipated demand for first-year Civil War gold dollar proofs that failed to materialize? Breen's Proof Encyclopedia gives the mintage at 349, but other than noting "very rare, less than 20 now being traced, including the [Smithsonian] and ANS coins" provides no other clues. The combined NGC/PCGS population data bear out the disparity between the recorded mintage and present-day rarity: There are only 40 or so examples certified by the two services.
The fields are deeply mirrored on this Premium Gem, with bright yellow-gold surfaces, no significant contact marks, and splendid contrast with the well-frosted devices. A decisive strike imparts exquisite definition to the design features, enhancing even more the coin's outstanding eye appeal. Census: 6 in 66 Cameo, 4 finer (11/12).
Ex: Central States Signature (Heritage, 4-5/2009), lot 2664.
From The Ives Devos Collection.(Registry values: P4) (PCGS# 87611)

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