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Lot
2398

1882 G$1 PR67 Cameo NGC....

2009 February Long Beach, CA Signature US Coin Auction #1122

 
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Auction Ended On: Feb 6, 2009
Item Activity: 4 Internet/mail/phone bidders
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Location:

Long Beach, CA

Description:
Amazing 1882 Type Three Gold Dollar
Finest Certified PR67 Cameo
1882 G$1 PR67 Cameo NGC. Proof gold dollars were a hot item with collectors in 1882. The Mint produced 125 examples of the 1882 gold dollar in proof format, up from a total of 87 specimens the year before. These coins were delivered on six different dates during the year, because collector demand kept depleting the supply on hand. The reason for this increased demand is difficult to determine today, but the date was a watershed year for the production of proof gold dollars. Annual mintages rose dramatically after this year, exceeding 1,000 pieces by 1884, and continuing at that level until the denomination was cancelled. Q. David Bowers estimates a surviving population of 60-80 specimens today, making this issue the earliest date in which proof coins of this denomination are realistically available.
The present coin is a spectacular specimen of this popular date. The surfaces have the deep, reddish-orange color. The devices are frosty, and contrast vividly with the pristine, deeply reflective fields. NGC has awarded this specimen the coveted Cameo designation, an honor it has bestowed on only 16 other proof coins of this date and denomination. This coin is the only example certified at the PR67 Cameo level by NGC or PCGS, with none finer (12/08).(Registry values: P2) (NGC ID# 25ES, PCGS# 87632)

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