1865 G$1 MS67 PCGS. CAC....

Click the image to load the highest resolution version.

Sold on Aug 11, 2010 for:

$37,375.00 Bid Source: Live: Floor bidder

Get one of these:

Share this lot

Track Item Printable Auction Results

Sell One of These

Description

Auction Info

Guides & Info

Description

Superb Gem 1865 Gold Dollar, Green Label Holder
Rare Key Date, Only One Coin Certified Finer
Ex: Norweb, Akers

1865 G$1 MS67 PCGS. CAC. The 1865 gold dollar boasts a minuscule mintage of 3,725 pieces. Among Philadelphia Mint issues it ranks as the second-rarest gold dollar, behind the 1863. The few 19th century collectors who systematically pursued collections of gold coins usually opted for proof specimens to fill their date runs, but only 25 gold proof sets were produced in 1865. Consequently, a few spectacular Mint State coins (such as the present example) were saved by collectors who could not obtain a proof example at the time of issue.
Early numismatists often noted the elusive nature of the 1865, as the cataloger did in the William H. Woodin Collection (Elder, 3/1911), lot 878, "1865. Brilliant uncirculated. Coinage given as only 3,725 pieces, being several thousand less than coined in either 1863, or 1864. The price realized for this sale should be correspondingly large." Elder was not disappointed, as the lot realized $47, a large sum at the time.
The coin offered here has an illustrious history. It was a highlight of the famous Norweb Collection (Bowers and Merena, 3/1988), lot 1904, where it received a full page description characterizing it as "once in a lifetime quality." The Norwebs obtained the coin from J.C. Morgenthau (Wayte Raymond and James Macallister) in 1935. Later, this specimen found a place in the collection of noted gold specialist David Akers, a mark of distinction for any coin.
The present coin is a visual treat, with lovely orange-gold surfaces enhanced by hints of rose. Mint luster is vibrant and frosty, and the striking details are sharper than usually seen on this issue. A few clash marks are evident on both sides. Currently, PCGS has certified only two coins in MS67, with a single example finer; while NGC has also graded two Superb Gems, with none finer (6/10).
From The Personal Collection of David W. Akers.(Registry values: N4719)

Coin Index Numbers: (NGC ID# 25CZ, PCGS# 7564, Greysheet# 8027)

Weight: 1.67 grams

Metal: 90% Gold, 10% Copper

View all of [Selections from The Personal Collection of David W. Akers ]

View Certification Details from PCGS