LOT #5202 |
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1883 G$1 PR68 Cameo NGC....
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Sold on Apr 19, 2012 for:
$40,250.00
Bid Source: Live: Phone bidder
Description
Sole Finest Proof 1883 Gold Dollar
PR68 Cameo Beauty
1883 G$1 PR68 Cameo NGC. For most of their tenure, the proof
gold dollars were collected alongside the rest of the proof gold
coins each year, if at all. Recorded mintages for proofs of the
early 1860s, for example -- 154 specimens in 1860 and 349 pieces in
1861 -- have little relation to their present-day rarity,
indicating that the vast majority of those coins were melted.
Additional strong evidence is the much smaller proof mintage for
the 1862 gold dollar, just 35 pieces.By the 1880s, however, the value of a dollar was not as high as it had been, and a significant financial elite had emerged on the northern Eastern Seaboard. Among this milieu, proof gold dollars emerged as popular gifts in the 1880s, a time when the gold dollar as a circulating denomination was well on its way to oblivion. Starting in 1884, the proof gold dollar issues have four-figure mintages, and those six issues easily have the highest production tallies for classic proof gold.
The trend did take a couple of years to emerge, however, and this proof 1883 gold dollar was struck in the last transitional year, when 207 proofs officially were made. As a PR68 Cameo, this is the single finest representative of the issue in the combined certified population, regardless of contrast status (2/12). Lightly but distinctly frosted devices emerge from flashy fields that shift from pale yellow to "black gold" depending on the angle to the light. A touch of striking softness is noted just below the headdress, but the detail elsewhere is as superb as the coin's preservation.(Registry values: P2)
Coin Index Numbers: (NGC ID# 25ET, PCGS# 87633, Greysheet# 8188)
Weight: 1.70 grams
Metal: 90% Gold, 10% Copper
Auction Info
2012 April 18-22 US Coins & Platinum Night CSNS Signature Auction- Schaumburg #1169 (go to Auction Home page)
Auction Dates
April, 2012
18th-22nd
Wednesday-Sunday
Bids + Registered Phone Bidders: 11
Lot Tracking Activity: N/A
Page Views: 1,130
Buyer's Premium per Lot:
15% of the successful bid per lot.
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