1864 Gold Dollar, MS69
1864 G$1 MS69 NGC. In 1864, the Civil War raged on with
severe consequences both on the battlefield and in commerce. The
greenback could not hold its value and Confederate currency was
worth next to nothing. Even the stalwart gold dollar fell victim to
the war, with the Mint producing just 5,900 circulation strikes and
50 proofs for the year.
Tied for Finest Known by Date, Type, and Series
Many gold dollars found their way across the ocean and ended up in foreign hands. Business strikes were used to satisfy foreign obligations and to buy goods in the export trade, or to pay certain bond holders. Virtually none circulated, so today -- although rare in all conditions -- a proportionately large percentage of surviving 1864 gold dollars are in Uncirculated condition. Several of the Mint State pieces may have come back to U.S. shores from small hoards found abroad.
To be sure, 1864 gold dollars are rare in Gem or better condition. In near-perfect MS69 they are of highest rarity. PCGS and NGC have each graded one coin for the date in MS69 (12/18).
This jewel-like gold dollar previously in the Akers Collection is exceptional for its gorgeous reddish-gold and lilac color, semiprooflike fields, and vibrant mint luster. The strike demonstrates pinpoint sharpness in all aspects, including the few faint remnants of die clashing that appear solely on the obverse around Liberty's headdress and, to a lesser extent, on Liberty's frosted portrait. Several raised dots near Liberty's ear may be signs of die rust or improperly annealed dies. The surfaces appear flawless with no apparent abrasions. For the entire long-running gold dollar series (1849 to 1889) just 19 pieces are graded MS69 by PCGS and NGC combined (12/18).
Ex: The David & Sharron Akers Collection / FUN Signature (Heritage, 1/2014), lot 5351, which realized $58,750.
From The Speechless Collection. (Registry values: N1) (NGC ID# 25CY, PCGS# 7563)
Weight: 1.67 grams
Metal: 90% Gold, 10% Copper
Learn more at the Newman Numismatic Portal at Washington University in St. Louis.
View all of [The Speechless Collection ]
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