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Description

1862 One Dollar Gold, Appealing Gem Proof

1862 G$1 PR65 PCGS. Ex: H.W. Bass, Jr. Only 35 proof examples were reportedly struck of the 1862 gold dollar, although perhaps only two dozen or so survive today. PCGS gives that estimate, adding that only about five are in the Gem proof grade or finer. We have noted before how minuscule the date digits are on 1862-dated gold coinage from the gold dollar through half eagle (and much Civil War-dated coinage generally), although we have no idea if it relates in any larger way or not; we certainly do believe, however, that the varying sizes of the date digits on proof coinage are an understudied area of American numismatics. The date is tiny, but nonetheless boldly impressed into the die, and low in the field below the denomination. Breen notes the die polish that proofs display in the foremost headdress feather and some of the "hollow" leaves on the reverse. Much cameo contrast is present on the deep reddish-gold surfaces of this piece and a slight turn reveals the desired "gold on black" effect, but no Cameo designation was given (perhaps indicative of when this piece was certified). A couple of minor ticks in the reverse right field, about level with the bottom serifs of the 1, provides a pedigree marker. The obverse appears virtually pristine, and both sides display moderate orange-peel texture. An extremely appealing coin. Population: 6 in 65, 2 finer (11/12).
Ex: Doug Weaver, June 9, 1973; Bass III (Bowers and Merena, 5/2000), lot 37.
From The Dr. James Olsen Collection.(Registry values: P5) (PCGS# 7612)

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Auction Dates
January, 2013
9th-14th
Internet/Mail/Phone Bidders: 10
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Due completely to Heritage's thoroughly diligent and professional management and promotion of the collection, the faraday Collection stirred national attention among numismatists and the auction results brought a gross value greater than that last estimated by the experienced collector.
The Estate of David M. Faraday ,
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