LOT #5230 |
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1854 G$1 Type Two MS66 ★ NGC. CAC....
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Sold on Apr 23, 2015 for:
$44,650.00
Bid Source: HA.com/Live bidder
Description
1854 Type Two Gold Dollar, MS66 ★
Conditionally Rare, Few Certified Finer
1854 G$1 Type Two MS66 ★ NGC. CAC. The first section
of the 1849 Coinage Act reads:"Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That there shall be, from time to time, struck and coined at the mint of the United States, and the branches thereof, conformably in all respects to law, (except that on the reverse of the gold dollar the figure of the eagle shall be omitted,) and conformably in all respects to the standard for gold coins now established by law, coins of gold of the following denominations and values, viz.: double eagles, each to be of the value of twenty dollars, or units, and gold dollars, each to be of the value of one dollar, or unit."
Previously, only quarter eagles, half eagles, and ten dollar eagles had been produced by the United States. The significant gold deposits discovered in California the prior year were undoubtedly the motivation behind this coinage act authorizing two additional gold coin denominations. By the end of 1849, nearly 1 million gold dollars had been struck at the four U.S. mints.
In 1854, the size and design of the gold dollar were altered slightly. The coins were made thinner, with the diameter increased from 13 to 15 millimeters. The obverse portrait of Liberty was changed to the likeness of an Indian princess and also made smaller. This new Type Two design had problems, however, like the Type One; Type Twos were only made from 1854 through 1856, creating a scarcer type for coin collectors.
This marvelous Premium Gem example displays intense, shimmering mint frost over honey-gold surfaces. The design elements are sharply struck and the coin is free of poststrike distractions. Moderate clash marks are noted on both obverse and reverse, a typical feature of the Type Twos. Although NGC has graded six pieces as MS66, this is the only one to also receive the coveted Star designation for exceptional eye appeal. Three coins have been certified numerically finer by NGC, but none of them were awarded the Star (2/15).
Ex: ANA Signature (Heritage, 7/2008), lot 1875; Long Beach Signature (Heritage, 2/2010), lot 1395; Stamford Coinfest (Heritage, 10/2010), lot 4579.
From The Big Sky Collection.(Registry values: N10218)
Coin Index Numbers: (NGC ID# 25C3, PCGS# 7531, Greysheet# 8015)
Weight: 1.67 grams
Metal: 90% Gold, 10% Copper
View all of [The Big Sky Collection ]
Auction Info
2015 April 22 - 26 CSNS US Coins Signature Auction - Chicago #1219 (go to Auction Home page)
Auction Dates
April, 2015
22nd-26th
Wednesday-Sunday
Bids + Registered Phone Bidders: 10
Lot Tracking Activity: N/A
Page Views: 1,830
Buyer's Premium per Lot:
17.5% of the successful bid per lot.
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