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Lot
2193

1887 G$1 PR66 PCGS. CAC....

2010 April-May Milwaukee, WI CSNS US Coin Auction #1139

 
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Auction Ended On: Apr 29, 2010
Item Activity: 5 Internet/mail/phone bidders
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Location:

The Midwest Airlines Center
400 West Wisconsin Avenue
Milwaukee, WI 53203

Description:

Splendid PR66 1887 Gold Dollar
1887 G$1 PR66 PCGS. CAC. There was a great upsurge in proof gold dollars produced, beginning in 1882. Mintages exceeded 1,000 coins per year by 1884 and stayed there through the series' end in 1889, no doubt reflecting increased demand from in-the-know dealers and collectors who foresaw the event. The mintage figure for the 1887 gold dollar was 1,079 pieces, a nominal amount for the 1884-88 period. Today, survivors range up through PR67 at PCGS, sometimes with Cameo designation. One interesting phenomenon about the 1887 issue is that the four-digit date logotype is noticeably larger than, say, the 1882 or 1883 coinage.
This splendid Premium Gem sports exceptionally deep mirrored field. The frosted devices are on the cusp of a Cameo designation, with yellow-gold surfaces that display a hint of reddish patina. A couple of mint-made defects appear in the reverse center--two parallel, diagonal striations and two irregular areas of porosity. There are a couple of tiny planchet voids on the obverse, but all of these tiny problems of Mint origin detract neither from the grade or the appeal. In terms of post-strike preservation, the coin is nearly perfect. Population: 8 in 66, 2 finer (3/10).(Registry values: P1) (NGC ID# 25EX, PCGS# 7637)

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