LOT #7408 |
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1855 G$1 MS66 NGC. CAC....
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Sold on Aug 12, 2011 for:
$40,250.00
Bid Source: Internet bidder
Description
Two-Toned Premium Gem
1855 Type Two Gold Dollar
1855 G$1 MS66 NGC. CAC. The Type Two gold dollar design,
introduced in 1854, was meant to solve the small-size problem gold
dollars faced. It increased the coins' diameter and made them
thinner, rearranging the same amount of gold. The redesign,
however, introduced problems of its own, as Paul Gilkes recounts in
the article "Getting a swelled head" in the March 27, 2000 Coin
World:"Less than a year after Chief Mint Engraver James Barton Longacre's Indian Head, Small Head gold dollar was struck in August 1854, Mint officials knew they had a problem on their hands that could only be corrected through another redesign ...
"Gold dollars were being returned to the Mint at an ever-increasing pace for melting and recoining for the same reason: the central details of the obverse and reverse designs were weak, with the reverse dates barely legible. According to Walter Breen's Complete Encyclopedia of U.S. and Colonial Coins, many of the coins freshly struck exhibited the same weakness in details that became only worse through circulation."
The Type Two gold dollar was struck in just three years and only two issues, the Philadelphia 1854 and 1855, are suitable for most type collectors. The 1855 has a slightly smaller mintage than the 1854, by a margin of about 25,000 pieces.
The present MS66 1855 gold dollar is among the few finest certified at either service -- 18 pieces total at NGC and PCGS meet the MS66 or MS66+ grade level, and only eight coins, four at each service, have achieved the remarkable MS67 plateau (7/11). This piece is sharply struck -- making it stand out for that reason alone -- and no obvious marks appear. Die clashes occur on each side, a common trait of the type that does not affect the grade. The coloration is a splendid two-toned palette, reddish-gold intermixed with lilac. Census: 7 in 66, 4 finer (7/11).
From The Oliver Collection.(Registry values: N10218)
Coin Index Numbers: (NGC ID# 25C4, PCGS# 7532, Greysheet# 8016)
Weight: 1.67 grams
Metal: 90% Gold, 10% Copper
View all of [The Oliver Collection ]
Auction Info
2011 August Chicago Signature US Coin & Platinum Night Auction #1158 (go to Auction Home page)
Auction Dates
August, 2011
11th-14th
Thursday-Sunday
Bids + Registered Phone Bidders: 9
Lot Tracking Activity: N/A
Page Views: 1,503
Buyer's Premium per Lot:
15% of the successful bid per lot.
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