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    Description

    1862 Gold Dollar, PR67 Ultra Cameo
    Only 20 Proofs Believed Extant
    None Certified Finer

    1862 G$1 PR67 Ultra Cameo NGC. February 16, 1862 saw the production of 35 gold dollar proofs, a quantity that would more than satisfy demand through the end of the year, when unsold specimens were melted. Walter Breen estimated in his 1989 Proof Encyclopedia: "Less than 20, possibly less than 15 survive." Bowers' A Guide Book of Gold Dollars (2008) cites a surviving population of 18 to 22 proofs. As challenging as this issue is as a whole, Superb Gem proofs with Ultra Cameo contrast represent the pinnacle of rarity with only two NGC-graded examples reported. The finest at PCGS is a single PR66 Deep Cameo submission (11/15). This is the finest Ultra / Deep Cameo proof we have handled by two full grade points.

    To note that this Superb Gem proof is unmarked and boldly contrast fails to convey the sense of amazement generated in hand. Each side showcases thickly frosted and predictably needle-sharp devices surrounded by seemingly jet-black, deeply reflective fields. Minute specks below the A in STATES and near the rim below the point of the bust serve merely as pedigree identifiers and do not detract from the eye appeal in the slightest. The leftmost headdress feather shows considerable polishing, and the interior of the O in DOLLAR is unfinished, confirming the blatant proof origin of this impressive Superb Gem. Expect spirited bidding when this lot crosses the block.(Registry values: P5) (NGC ID# 25E5, PCGS# 97612)

    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: 19
    Lot Tracking Activity: N/A
    Page Views: 765

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