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1865 G$1 PR66 Ultra Cameo NGC....

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Sold on Aug 11, 2010 for:
$35,937.50 Bid Source: Live: Phone bidder
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Description

Memorable 1865 Gold Dollar, PR66 Ultra Cameo
Likely Fewer Than 15 Examples Known
The Finest We Have Offered

1865 G$1 PR66 Ultra Cameo NGC. Ex: Sweet Collection. The Indian Princess, Large Head or Type Three gold dollar subtype was introduced in 1856 and ran through 1889. Any Type Three gold dollar proof dated before 1859 is quite rare, and mintage figures are unknown but presumably quite small. The first year for which proof mintages were recorded was 1859, when 80 pieces were purportedly struck, many of them melted later. Proof gold dollars dated 1860, 1861, and 1862 are all about equally rare despite the widely differing original mintage figures of 154, 349, and 35 coins, respectively.
Overlapping the mintage of gold dollars from the 1860s was, of course, the Civil War, which raged from 1861 to 1865. The 1863-, 1864-, and 1865-dated proof gold dollars were produced to the extent of 50, 50, and 25 pieces, respectively. Garrett and Guth note that the "1865 gold dollar in Proof has one of the lowest mintages for the series" and estimate that "fewer than 15 or so true Proofs [are] known." The Breen Proof Encyclopedia also cites a figure of 15 known proof survivors. NGC has certified only five specimens at the Ultra Cameo level of contrast--one in PR65, three including the present piece in PR66, and one PR67 finer.
This is a coin that, with this combination of date, grade, and Ultra Cameo designation, seldom comes up at auction. This is the first time we have ever offered an 1865 gold dollar in PR66 Ultra Cameo since we began our Permanent Auction Archives in 1993. Our two previous offerings were a PR65 PCGS example that went unsold in our 1996 ANA Signature (Heritage, 8/1996, lot 8130) and a PR65 Cameo NGC coin in our Long Beach Signature (Heritage, 9/2005, lot 4292). Those appearances make the present coin the highest-certified and the only Ultra Cameo we have ever offered.
Stark, profound field-device contrast abounds throughout both sides, and the proof striking has brought up full and complete details. We note a shallow lint mark in the obverse field, between the chin and the N of UNITED, and a minuscule, dotlike mark of Mint origin, in the right obverse field below the E of AMERICA. Both sides are free from obvious contact, and the consistent, even orange-gold coloration further enhances the enormous appeal. A memorable example of this important Civil War-era proof gold coin. Census: 3 in 66 Ultra Cameo, 1 finer (6/10).
From The Jarosi Collection.(Registry values: P5)

Coin Index Numbers: (NGC ID# 25E8, PCGS# 97615, Greysheet# 8135)

Weight: 1.70 grams

Metal: 90% Gold, 10% Copper

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Auction Info

2010 August Boston, MA Signature & Platinum Night ANA Coin Auction #1143 (go to Auction Home page)
Auction Dates
August, 2010
11th-15th Wednesday-Sunday
Bids + Registered Phone Bidders: 12
Lot Tracking Activity: N/A
Page Views: 2,044

Buyer's Premium per Lot:
15% of the successful bid per lot.

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Sold on Aug 11, 2010 for: $35,937.50
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