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    Description

    1858 Gold Dollar, PR67 Ultra Cameo
    Single Finest Example
    Ex: Trompeter

    1858 G$1 PR67 Ultra Cameo NGC. The 1858 date carries considerable significance in American numismatics, for it represents the first year in which proofs were made available to the public. Coins were distributed at face value, and were the subject of speculation among dealers and collectors who stood nothing to loose and everything to gain. An estimated 300 silver-minor proof sets are believed to have been made, plus many more minor coins. However, proof gold coins were distributed in highly limited quantities, and only a handful of complete proof sets were sold (Breen pegged the total at three). Unfortunately for present-day researchers, Mint officials failed to keep any detailed records concerning the production of proof gold coins. Without a doubt, the 1858 gold dollar proof is very rare. Perhaps 25 to 30 proofs were struck, of which 15 to 20 examples survive. Despite the low surviving population, it is virtually impossible to assemble an accurate roster because of the dearth of high-quality images and brief descriptions from earlier auction appearances.

    Current population totals give a good indication as to the rarity of the 1858 gold dollar. There are 31 grading events in total (all categories included) at NGC and PCGS combined. Merely seven of those are certified as Ultra or Deep Cameo. Most importantly, this is the single finest 1858 proof gold dollar at both services and across all designations (10/15).

    The beauty of this impeccably preserved Superb Gem proof cannot be overstated. A thick layer of mint frost covers predictably fully struck motifs set starkly against deeply reflective and virtually unmarred fields, suggesting this may be one of, if not the earliest proof strikes for the issue. The resulting eye appeal is exceptional. A high wire rim encircles the borders on each side. Pedigree markers include minute lint marks between CA in AMERICA and above the O in DOLLAR.
    Ex: Ed Trompeter Collection, Part I (Superior, 2/1992), lot 4; 74th Anniversary Sale (Stack's, 11/2009), lot 1778; Baltimore Auction (Stack's Bowers, 3/2014), lot 4055.(Registry values: P5) (PCGS# 97608)

    Weight: 1.70 grams

    Metal: 90% Gold, 10% Copper


    Learn more at the Newman Numismatic Portal at Washington University in St. Louis.

    Auction Info

    Auction Dates
    January, 2016
    6th-11th Wednesday-Monday
    Bids + Registered Phone Bidders: 16
    Lot Tracking Activity: N/A
    Page Views: 1,062

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