LOT #5229 |
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1851 G$1 MS69 NGC....
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Sold on Apr 23, 2015 for:
$58,750.00
Bid Source: Live: Phone bidder
Description
1851 Gold Dollar, Superb MS69
The Sole Finest Known of the Issue
Tied for Finest Known of the Entire Series
1851 G$1 MS69 NGC. To collectors of modern coins, it is not
particularly unusual to see ultra-high-grade coins change hands
quite frequently, but for the collectors of 19th century issues,
there is something particularly special about chancing upon an
opportunity to acquire a circulation strike example of any issue in
the seemingly impossible grade of MS69. Such is the case with this
simply incredible 1851 gold dollar -- the coin mesmerizes the
viewer and fully delivers on the sheer eye appeal and technical
perfection of which a coin in this grade should be expected. The
strike is tack-sharp throughout the border denticles and stars,
while the wreath leaves and Liberty's hair curls display sharp
delineation. Honey and lilac hues intermingled over the thickly
frosted orange-gold surfaces, while extensive study with lens finds
the preservation truly impressive.In most grades, the 1851 gold dollar is often overlooked by rarities collectors, and is typically chosen only for type purposes due to its substantial mintage of more than 3.3 million coins. However, at the MS69 numerical level, any semblance of availability vanishes. NGC and PCGS combined have certified just 17 gold dollars in MS69 (nine and eight coins, respectively), for the entire series.. Moreover, a significant portion of these coins are for issues from the 1880s which are widely known for having been heavily saved and unusually available in Superb Gem grades. There are only six MS69 coins in the Type One series, and this paramount beauty is the only such example for the 1851 issue (3/15).
How this coin survived for more than century and half in such pristine condition is a mystery and one of great marvel. Even in MS68, NGC has seen only two examples of this issue, and in MS67 that service reports just four additional coins (3/15). Such high-grade rarity is staggering when one considers the original mintage of more than 3.3 million coins. Gold dollars of this year were a workhorse issue in commerce, banks, and the Treasury, as silver dollar production in 1851 was extremely limited. The 1851 gold dollar is often perceived as an available date, but such a designation vanishes at the Gem grade level, and anything finer is a notable rarity. This sole finest-known example is arguably the greatest 1851 gold dollar known.
Ex: Long Beach Signature (Heritage, 2/2002), lot 6650.
From The Collection of Edwin J. Mantooth Bowers.(Registry values: N1)
Coin Index Numbers: (NGC ID# 25BK, PCGS# 7513, Greysheet# 8011)
Weight: 1.67 grams
Metal: 90% Gold, 10% Copper
View all of [The Collection of Edwin J. Mantooth Bowers ]
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: 34
Lot Tracking Activity: N/A
Page Views: 2,019
Buyer's Premium per Lot:
17.5% of the successful bid per lot.
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