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5360

1875 G$1 PR61 NGC. The 1875 gold dollar is a classic r

Currency:USD Category:Coins & Paper Money / US Coins Start Price:1,200.00 USD Estimated At:1.00 - 2.00 USD
1875 G$1 PR61 NGC. The 1875 gold dollar is a classic r
<B>1875 G$1 PR61 NGC.</B></I> The 1875 gold dollar is a classic rarity in both proof and business strike formats. Only 400 were made for circulation, along with 20 proofs. This low mintage makes the 1875 gold dollar one of the most desirable coins in the entire series. Paul Taglione, in his <I>Reference to United States Federal Gold Coinage,</B></I> wrote that the "1875 (proof) is extremely rare with but 9 or 10 distinct examples known including those in the Smithsonian and ANS collections." Walter Breen, in his <I>Encyclopedia of U.S. and Colonial Coinage,</B></I> suggested that "Possibly 15 survive." NGC and PCGS have seen, to date, a total of 12 examples ranging in grade from PR58 to PR65.<BR> In the past, a number of business strikes have been offered as proofs. This is not particularly surprising, as Jeff Garrett and Ron Guth point out in their <I>Encyclopedia of U.S. Gold Coins</B></I> that: "...most, if not all, business strike 1875 gold dollars are fully prooflike." There are, however, diagnostics that make identification possible. A small thorn-like projection is found below the chin on all business strikes. And proofs have heavy extra outlines on the wreath and DOLLAR, and the corner of the 5 in the date is minutely left of the tip of the A (Breen, p. 484).<BR> The proof status of the present example is confirmed by the lack of the projection beneath the chin, by the presence of extra outlines on the wreath, and by the placement of the 5 in relation to the A. Yellow-gold surfaces display soft luster and a hint of greenish tint. The design elements are well impressed, with all of the letters in LIBERTY strong and most of the ribbing visible on the leaves on the reverse. Close examination reveals some wispy, inoffensive handling marks that largely account for the grade. Census: 1 in 61, 1 finer (12/06).<BR><BR><b>Shipping:</b> Coin/Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)
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