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1855-C G$1 MS62 NGC....

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Sold on May 29, 2009 for:
$23,000.00 Bid Source: Internet bidder
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Description

Exceptional 1855-C Gold Dollar, MS62
One of the Four Finest Certified

1855-C G$1 MS62 NGC. Variety 2, newly discovered in 2008 per Douglas Winter, Gold Coins of the Charlotte Mint, third edition (2008). This variety was discovered by Heritage cataloger Brian Koller in 2003. It is attributed by the final date digit almost entirely below the right base of the A in DOLLAR, and all digits being well struck; the 8 in Variety 1 is weakly struck.
The Type Two gold dollar (Indian Princess Small Head, 1854-1856) was minted in Charlotte for one year only (9,803 pieces), and is eagerly sought by date and type collectors alike. Survivors are usually seen in Very Fine through About Uncirculated. Mint State coins are very rare. Indeed, NGC and PCGS have certified only 16 examples in Uncirculated, none finer than MS62 (4/09).
In addition to its Mint State rarity, the 1855-C is plagued by mint-made production problems. First, it is poorly struck, especially in Liberty's hair, the word LIBERTY, and on the lower wreath. Second, planchet quality is extremely poor, usually exhibiting roughness. Finally, clash marks are common, and the overall eye appeal is usually poor. These problems lead Winter to say: "The quality-conscious collector of Charlotte coinage will have to relax his standards when it comes to this issue."
The current MS62 possesses yellow-gold surfaces with pleasing luster. The strike is somewhat above average for the issue. While the hair at the temple is soft, the remaining elements of the obverse portrait are comparatively sharp. The reverse design features are crisp, the sole exception being the wreath bow and adjacent leaves. Light planchet roughness occurs in the lower left obverse quadrant but fortunately does not significantly interfere with the clarity of the letters in UNITED. A couple of planchet flakes on the cheek and neck and some swelling under the chin do not detract, nor do some light handling marks in the reverse field. In sum, this coin displays better-than-average eye appeal for the issue and designated grade, and is exceptional as such. Interested bidders on this rare coin thus need pay little heed to Winter's earlier-mentioned admonition. Census: 4 in 62, 0 finer (4/09).(Registry values: N7079)

Coin Index Numbers: (NGC ID# 25C5, PCGS# 7533, Greysheet# 8071)

Weight: 1.67 grams

Metal: 90% Gold, 10% Copper

View Certification Details from NGC

Auction Info

2009 May Long Beach, CA Signature US Coin Auction #1125 (go to Auction Home page)
Auction Dates
May, 2009
28th-31st Thursday-Sunday
Bids + Registered Phone Bidders: 6
Lot Tracking Activity: N/A
Page Views: 1,178

Buyer's Premium per Lot:
15% of the successful bid per lot.

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Sold on May 29, 2009 for: $23,000.00
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