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1875 G$1 PR66 Ultra Cameo NGC....

2013 November 1 - 3 US Coin Signature Auction - New York #1191

 
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Auction Ended On: Nov 1, 2013
Item Activity: 4 Internet/mail/phone bidders
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Location: Heritage Auctions
445 Park Avenue, 15th Floor
New York, NY 10022
Description:

1875 Gold Dollar, PR66 Ultra Cameo
Astonishingly Beautiful Surfaces
1875 G$1 PR66 Ultra Cameo NGC. If one were to carefully lay every proof 1875 gold dollar in existence on a table, end-to-end, the row would be less than one foot in length. More simply stated, this is a rare issue. In fact, we have had the privilege of offering a mere four examples by way of auction over the past 15 years, not counting the current piece. The numbers at the grading services paint a more exacting picture of the extant population of 1875 gold dollars in proof format. As of (9/13), NGC has certified a total of 11 examples in all grades and designations, with the finest being a PR66 UCAM with the designation--the magnificent coin offered here. PCGS documents 12 pieces in all grades, with the finest certified slot shared by two survivors at the PR66 Deep Cameo level. The combined total of 23 coins more than likely includes the resubmission of the same coin more than once, although some researchers have suggested the possibility that the official Mint record of 20 proofs being struck with the 1875 date is incorrect.

Interestingly, both proof and circulation strike 1875 gold dollars are rare. In fact, the combined total of the two formats for this date is a minuscule 105 coins. Of course, considering the perplexingly low mintage of 420 pieces for the year, the extant population becomes more logical. Leading the pack, in terms of condition, is the current offering. Making the claim of "finest known" for any coin is risky, although it would be hard to deny this stunning gold dollar such an accolade and it certainly resides within the upper Condition Census. Rich, frosty devices seem to float effortlessly atop a sea of red-gold glass and the resulting eye appeal beckons to a higher grade. A Premium Gem for the collector of early proof gold and also those seeking unsurpassable quality.(Registry values: P8) (NGC ID# 25EJ, PCGS# 97625)

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