2199

1859-C G$1 MS62 NGC. Variety 11-M, the only known die

Currency:USD Category:Coins & Paper Money / US Coins Start Price:1.00 USD Estimated At:1.00 - 1,000,000.00 USD
1859-C G$1 MS62 NGC. Variety 11-M, the only known die
<B>1859-C G$1 MS62 NGC.</B></I> Variety 11-M, the only known dies. The 1859-C is the last gold dollar made at the Charlotte Mint, and has the lowest mintage (5,235 pieces) of any C-mint issue. In his book <I>Gold Coins of the Charlotte Mint, 1838-1861,</B></I> Douglas Winter estimates that 75 to 85 pieces are known, a mere three to four of which are in Mint State. In this regard, NGC and PCGS combined have graded nearly 150 pieces, about 30 of which are in Uncirculated grades from MS60 to MS63. We suspect that a goodly number of these are resubmissions.<BR> Attractive brass-gold color with faint blushes of light green covers soft luster, and the strike is well above average for the issue. While minor softness is noted on portions of the Indian's hair, the O in DOLLAR, and the 8 in the date, the issue ordinarily displays weak design definition throughout. Indeed, as Winter points out: "The 1859-C is always found with a very weak obverse," and: "The reverse is poorly struck as well." Some minute handling marks essentially preclude the next highest grade. Census: 14 in 62, 0 finer (3/07).<BR><BR><b>Shipping:</b> Coins & Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)