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    Description

    Extraordinary 1859 Gold Dollar, Proof 64, Deep Cameo

    1859 G$1 PR64 Deep Cameo NGC. Official Mint records indicate that 80 proof Gold Dollars were produced in 1859. We have no reason to doubt this figure, but we find it highly unlikely that all 80 pieces were actually sold to collectors. As with proof issues of virtually all other denominations produced in 1859, the Gold Dollar had a limited distribution that led to the destruction of many unsold examples. Fewer than half of the original mintage is thought to have left the Mint. Estimates on the number of survivors in today's hobby vary: Breen (1988) says 12-15 pieces; Akers (1988) estimates as many of 20 specimens; NGC and PCGS combined (11/04) have seen 20 examples with both brilliant and cameoed finishes.
    This is only the third proof 1859 Gold Dollar that we have handled over the past decade, and it is the second with an Ultra Cameo designation. A later, repolished die state, the diagnostic repunching on the date is only readily evident on the first digit. Both sides are aglow in yellow-gold color that yields to a coal-black appearance in the fields at indirect light angles. The devices are fully struck up and richly frosted. An as struck planchet streak is seen in the left obverse field from the N in UNITED, and striations (also as produced) are most prevalent in the reverse field around the 1 in the denomination. Perhaps needless to say for a near-Gem Ultra Cameo proof gold coin, the eye appeal is extraordinary.(#97609) (Registry values: P5) (NGC ID# 3WLX, PCGS# 97609)

    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, 2005
    12th-15th Wednesday-Saturday
    Bids + Registered Phone Bidders: 12
    Lot Tracking Activity: N/A
    Page Views: 559

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