LOT #1198 |
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1855 G$1 MS66 NGC. CAC....
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Sold on Jul 31, 2009 for:
$37,375.00
Bid Source: Internet bidder
Description
Premium Gem 1855 Gold Dollar
In-Demand Type Two Date
1855 G$1 MS66 NGC. CAC. From a substantial mintage of
758,269 pieces, the 1855 Type Two gold dollar is an example of one
of the most desirable of all gold types. Striking problems resulted
in the cancellation of this design after only three years, making
the Type Two the least available gold dollar type. The 1855 date is
a favorite with type collectors because it is somewhat available in
Mint State, but coins at the MS66 level are rare. NGC has certified
only 11 examples of this date at the Premium Gem level, with four
finer; while PCGS has graded 13 specimens in MS66, with four finer
(6/09).Collectors attempting to complete a gold type set have always appreciated the rarity of this short-lived Indian Princess design in nice Mint State grades. George Seavey exhibited an Uncirculated 1855 gold dollar before the Boston Numismatic Society in March 1869, as part of his extensive gold collection. The coin was later described as lot 783 in the Seavey Descriptive Catalog (William Strobridge, 6/1873). Super-collector Lorin G. Parmelee succeeded in purchasing Seavey's entire collection intact before the sale took place, thus acquiring the nice 1855 gold dollar for his own unparalleled collection. Interestingly, Parmelee upgraded this coin two years later when he purchased lot 241 in the Cohen Collection (Edward Cogan, 10/1875). The coin offered in that lot was one of the ultrarare 1855 proof gold dollar, and Parmelee secured it for the ridiculously low price of $1.62. Proof coins certainly did not command the premiums they do today, and the coin was only 20 years old at the time. Parmelee must have disposed of Seavey's Uncirculated example privately, as only the proof was offered when he sold his collection in 1890 through New York Coin & Stamp Company.
The present coin is an exciting example of this popular date. This specimen has some of the best detail we have seen on the type, showing full hair and wreath detail and all digits in the date well defined. Lovely bright yellow-gold color with just a hint of red enhances the pristine surfaces. Some light die clashing is noted on the reverse, as often seen on this issue. Superb, thick mint luster adds to the overwhelming visual appeal.(Registry values: N10218)
Coin Index Numbers: (NGC ID# 25C4, PCGS# 7532, Greysheet# 8016)
Weight: 1.67 grams
Metal: 90% Gold, 10% Copper
Auction Info
2009 August Los Angeles, CA US Coin Auction #1128 (go to Auction Home page)
Auction Dates
Jul-Aug, 2009
31st-2nd
Friday-Sunday
Bids + Registered Phone Bidders: 5
Lot Tracking Activity: N/A
Page Views: 975
Buyer's Premium per Lot:
15% of the successful bid per lot.
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