LOT Old Heritage Auctions  /  2007 (ANA) Signature Coin Auction #444  / 

1811

1860-D G$1 MS64 NGC

Currency:USD Category:Coins & Paper Money / US Coins Start Price:42,500.00 USD Estimated At:1.00 - 1,000,000.00 USD
1860-D G$1 MS64 NGC
<B>1860-D G$1 MS64 NGC.</B></I> Ex: Duke's Creek. Variety 12-P. This is the only known die pair for this year. It is characterized by an extremely small date and a large mintmark.<BR> Only 1,566 examples of this date were struck. In the past, the rarity of the 1860-D has been overstated, and it is actually somewhat overrated in terms of overall rarity. However, in higher grades it is a rare coin, and it trails only the 1855-D, 1861-D, and 1854-D in AU and better condition. It is an extremely rare coin in Uncirculated, with around seven to nine pieces known.<BR> The 1860-D is the weakest struck gold dollar from the Dahlonega Mint. That said, the Duke's Creek example is the best struck 1860-D known. It has a good amount of detail on the U in UNITED, and there is considerable sharpness on the periphery of the obverse. Equally strong, and also worthy of note, is the hair that is much better defined than on any other 1860-D gold dollar. The date is nearly full, and OLLA in DOLLAR shows only the slightest weakness. This is truly remarkable for an issue that is usually seen with such a poor strike. There are two light scrapes on the obverse in front of Liberty's nose, and a few light hairlines (not from cleaning) on the surfaces. The reverse has some minor Mint-made roughness in the center that appears to be the result of a few small flecks of foreign material on the die at the time of striking. The luster is slightly steely in texture and has a typical "hard" appearance, as seen on the other high grade 1860-D gold dollars that are known. As usual, this "hard" texture is a bit more pronounced on the obverse than on the reverse. Both sides are covered with rich orange-gold color.<BR> Only one other 1860-D has been graded MS64 by either of the two major services (a resubmission of this piece?). This coin is listed on the current Condition Census as the finest known and is an extremely important gold dollar.<BR><I>Ex: New York Gold Mart (Ron Karp); Hancock and Harwell; Duke's Creek Collection.</B></I><BR><BR><B>Coin Engraver:</B> James B. Longacre<BR><BR><b>Shipping:</b> Coins & Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>\)
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