1884 G$1 MS69 PCGS. CAC....

Click the image to load the highest resolution version.

Sold on Aug 24, 2022 for:

$132,000.00 Bid Source: HA.com/Live bidder

Get one of these:

Share this lot

Track Item Printable Auction Results

Sell One of These

Description

Auction Info

Guides & Info

Description

1884 Gold Dollar, MS69
Sole Finest, First Public Auction Appearance

1884 G$1 MS69 PCGS. CAC. Ex: Bender Collection. Gold dollar output remained severely constricted in 1884, following a trend established after the Mint halted specie payments during the outbreak of the Civil War. From that point, and even through 1879, when gold and paper began trading at par again, the public became increasingly accustomed to doing business in currency rather than coin. The token mintages of gold dollars manufactured on a yearly basis, like the 5,230 pieces struck in 1884, seldom circulated. Instead, they were bought up by speculators and by members of the general public as small gifts for special occasions, like Christmas.

Writing in A Guide Book of Gold Dollars, Dave Bowers takes care to mention that the 1884 (and 1886) stand out as more challenging issues compared to other dates from this decade. Although the Population Report at PCGS does not quite bear that out, the 1884 is naturally scarce in all grades. Rampant contemporary saving explains the availability of examples through grades as high as MS65 and even MS66. Superb Gems are rare, especially in MS68, as expected.

What may be more surprising is the existence of this singular MS69 representative, which stands as the sole finest certified and boasts a green CAC approval sticker for quality within the grade. Our understanding is that no 1884 gold dollar has ever been offered publicly in this grade, so the sky is the limit.

As always, both sides feature a combination of semiprooflike field reflectivity and frosty mint luster. Coloration is deep yellow-gold and the devices are fully struck throughout. The only identifying mark is a tiny copper alloy spot left of the 1 in the denomination. Bold repunching occurs on 18 in the date. Population: 1 in 69, 0 finer. CAC: 1 in 69, 0 finer (7/22).
From The Bender Family Collection, Part I. (Registry values: N1)

Coin Index Numbers: (NGC ID# 25DN, PCGS# 7585, Greysheet# 8047)

Weight: 1.67 grams

Metal: 90% Gold, 10% Copper

View all of [The Bender Family Collection, Part I ]

View Certification Details from PCGS