1869 G$1 MS68 PCGS. CAC....

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Sold on Aug 24, 2022 for:

$38,400.00 Bid Source: Internet bidder

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1869 Gold Dollar, MS68
Tied for the Finest Certified
Ex: Duckor

1869 G$1 MS68 PCGS. CAC. Ex: Bender Collection. A splendid Superb Gem, this satiny 1869 gold dollar displays brilliant and highly lustrous orange-gold surfaces with distinctive blue and violet overtones that are readily visible on the obverse, and less apparent on the reverse. An excellent strike shows weakness only top outside portions of the wreath. Following the five-figure production in 1868, the circulation strike mintage of 1869 gold dollars dropped to 5,900 coins. Survivors are scarce, and higher Mint State coins are rarely encountered. When we offered this coin as part of the Duckor Collection, Doug Winter provided that following commentary on it:

"The 1869 is a much more difficult issue to locate in higher grades than the 1868, and I regard it as a "sleeper" in Gem. There are three to five Superb Gem pieces known, and I believe that the current PCGS population of nine in MS67 (one MS67+) is inflated by resubmissions. There are exactly two in MS68 PCGS: the finest known Duckor coin (the only one with a CAC sticker) and the Bowers and Merena October 2004, lot 597 example that sold for $25,300.

"Steve obtained this coin via private treaty from dealer Joe O'Connor. It is really spectacular on account of its psychedelic purple-hued color at the central obverse, which is likely the result of how this piece was stored. I have never seen another 1869 dollar with this depth of color."