Goldberg Coins and Collectibles



Sale 78

January Pre-Long Beach Sale 17.5% BP


$1 Indian
 
 
Lot Photo Description Realized
Lot 1669
1854. PCGS graded AU-53. Type 2. Mostly untoned. Lustrous, with beneficial eye-appeal for the Type Set buyer (PCGS # 7531) .
Estimated Value $450 - 500.
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Realized
$541
Lot 1670
1854 NGC graded AU Details. Obverse repaired. Has a pleasing look with smooth fields. Type 2 design, issued in 1854-56 only. Small Indian Head (PCGS # 7531) .
Estimated Value $300 - 400.
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Realized
$376
Lot 1671
1855. NGC graded AU-55. Mostly untoned, a lustrous example. Struck from clashed dies; has a light scratch in the obverse field along with a few general abrasions and die breaks elsewhere (PCGS # 7532) .
Estimated Value $600 - 650.
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Realized
$529
Lot 1672
1855. PCGS graded AU-55. Lightly toned, a still lustrous example that circulated for a short while. Surfaces and rims are better than average. An appealing coin (PCGS # 7532) .
Estimated Value $500 - 550.
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$588
Lot 1673
1856 Upright 5. NGC graded MS-66. CAC Approved. The finest known specimen and the only example from either service graded MS-66. Boldly struck and glittering with frosty mint luster throughout. The Upright 5 is an extremely undervalued variety, and the actual scarcity is far beyond the Slanted 5 variety. Housed in an Old Style Holder.

The fully brilliant example we now hand over bidders beats (from a technical angle) practically all of the 1856 Type 3 Dollars of either type that have passed through the various grading services. Unlike the usual survivor with its diminished central impression left by a weak blow of the (sometimes worn) dies, this handsome coin is very sharp from top to bottom, center to periphery, including what some might deem "assertive" full legends and date on the reverse since they are very clear.

Less than a year after the "Type 2" or Narrow Head dollars went into circulation, all concerned knew that the design required changing: Specimens were already being brought to the Mint for recoinage, some with dates hardly legible. And many coins newly struck had the same fault, adjust the presses as you will: weakness in centers so that obverses looked worn, dates blurry.

According to the Breen Encyclopedia, "As soon as Longacre could be spared from completing the experimental dies for the 1855 bronze pattern cents, Mint Director James Ross Snowden ordered him to begin work on a modified design for the gold dollar. Diameter would remain the same: Snowden, only a few years later, referred to the "evident evil" of simultaneously having in circulation two coins of the same denomination but different sizes. But the obverse head not only had to be of lower relief, it had to be arranged differently to avoid placing relief areas opposite reverse relief details wherever possible. (This same technical requirement necessitated the shift in 1858 from Flying Eagle to "Indian" cents.) Longacre's solution was to adapt the $3 coin design. On the new dies, legend was nearer border, head farther from letters and different in plumes' shapes, locations, and proportions. No impressions remain of experimental dies of this design. The new design was adopted Jan. 1, 1856, remaining unchanged through the end of 1889, when the denomination was abolished.

"Mintage began with a small group using the half-dime date logotype with upright 5. For unknown reasons, the next two dozen reverses all had dates from the quarter-eagle logotype with slanting 5." This explains the great rarity of the Upright 5 coins.

A memorable year, 1856: Over 600 small-diameter pattern cents with a flying eagle motif were made for distribution to congressmen, newspaper editors, and others of influence. This set the stage to discontinue the vemerab;e copper large cent, minted since 1793, which had become expensive to manufacture and was widely viewed as being cumbersome to handle. At the same time, coin collecting was growing rapidly, and hundreds of people became interested in the hobby. Within two or three years an 1856 Flying Eagle cent became worth $1, then $2. The Mint began making restrikes, and over the next several years a nice trade was developed in these. In 1856, the San Francisco Mint struck its first dimes and its only Type 2 gold dollars.
Estimated Value $20,000-UP.
Ex Heritage Auction #1158, Lot 5329.

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Realized
$30,550
Lot 1674
1856. Slanting 5. PCGS graded MS-65. Well struck, frosty, and untoned. Resplendent surfaces that are thoroughly frosted with keen-edged, gold luster spiraling outward from the centers. Rare to find the Slant-5 1856 in this stellar Gem condition! In order to understand the grade further, notice that it is struck with care found on only a small percentage of this years coinage; when it comes to the often-seen softness at the centers, this piece, on the contrary, received a full blow by the dies. Pop 15; 12 finer (PCGS # 7540) .
Estimated Value $2,100 - 2,200.
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Lot 1675
1857-C NGC graded AU Details. Damaged. Only 13,280 minted. Untoned and cleaned (PCGS # 7545) .
Estimated Value $500 - 550.
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Realized
$852
Lot 1676
1859. NGC graded MS-62. Frosty and delicately toned. Pop 108; 69 finer, 32 in 63, 18 in 64, 10 in 65, 6 in 66, 3 in 67. (PCGS # 7551) .
Estimated Value $500 - 550.
Ex Norweb Collection.

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Realized
$705
Lot 1677
1860. NGC graded MS-61. Well struck and frosty. Only 36,514 struck. Pop 38; 79 finer, 40 in 62, 20 in 63, 13 in 64, 5 in 65, 1 in 66.
Estimated Value $325 - 350.
Ex Childs Collection.

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Realized
$588
Lot 1678
1861. PCGS graded MS-65 PQ. Boldly struck with lovely golden toning. Pop 38; 10 finer, 6 in 66, 1 in 66+, 2 in 67, 1 in 67+ (PCGS # 7558) .
Estimated Value $1,800 - 1,900.
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Realized
$2,703
Lot 1679
1861. NGC graded MS-62. Nice and frosty (PCGS # 7558) .
Estimated Value $500 - 550.
Ex Norweb Collection.

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Realized
$705
Lot 1680
1861. ANACS graded MS-60 Details, Clashed & Rotated Dies - Cleaned. Bright and lustrous, lightly cleaned.
Estimated Value $150 - 175.
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Realized
$259
Lot 1681
1876. NGC graded MS-62. Well struck and lustrous with semi-prooflike surfaces which are remarkably clean for this numerical grade. Low mintage date as only 3,200 minted. Pop 20; 47 finer at NGC. (PCGS # 7577) .
Estimated Value $650 - 700.
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$1,293
Lot 1682
1879. PCGS graded MS-63. Only 3,000 minted. Semi-reflective surfaces. A well struck, low mintage year whose modest price should attract the attention of collectors who like something affordable yet elusive (PCGS # 7580) .
Estimated Value $700 - 750.
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Realized
$1,234
Lot 1683
1879. NGC graded MS-62. Well struck with semi-reflective surfaces. Only 3,000 minted. Pop 29; 130 finer (PCGS # 7580) .
Estimated Value $600 - 650.
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Realized
$823
Lot 1684
1886. NGC graded AU-58. A well struck, prooflike specimen featuring natural rose color and golden toning on both sides. Low mintage as only 5,000 coins struck (PCGS # 7587) .
Estimated Value $250 - 275.
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Realized
$617
Lot 1685
1887. PCGS graded MS-61. Attractively toned with golden-sunset hues. Low mintage date, only 7,500 minted (PCGS # 7588) .
Estimated Value $400 - 450.
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Realized
$646
Lot 1686
1888. PCGS graded MS-62. A well struck brilliant uncirculated example. Only 15,501 minted (PCGS # 7589) .
Estimated Value $600 - 650.
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Realized
$764
Lot 1687
  A trio of Liberty and Indian $1 gold coins. Dated 1853, 1855, and 1877. Coins will grade VF to EF, cleaned and damaged. Lot of 3 coins.
Estimated Value $450 - 500.
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Realized
$793
Lot 1688
A 215-piece hoard of 1856 Upright 5 gold dollars. This massive hoard took over 20 years to accumulate and breaks down as follow: PCGS MS-65 (2); PCGS MS-64 (5); NGC MS-64 (5); PCGS MS-63 (6); NGC MS-63 (6); PCGS MS-62 (5); NGC MS-62 (11); PCGS MS-61 (1); NGC MS-61 (10); NGC MS-60 (2); PCGS AU-58 (4); NGC AU-58 (21); ICG AU-58 (1); ANACS AU-58 (4); PCGS AU-55 (7); NGC AU-55 (8); ICG AU-55 (1); ANACS AU-55 (3); ANACS AU-53 (4); NGC AU-50 (1); ICG AU-50 (1); ANACS AU-50 (4); NGC XF-45 (1); ANACS XF-45 (1). Also includes ANACS Details holders and others: MS (2); AU (57); EF (16); VF (6); Fine (1); other grading services, raw, and damage coins (19). A grand total of 215 coins.

According to numismatic expert John "JD" Dannreuther, "there were only two dies used with the Upright 5 logo type." David Akers in United States Gold Coins assigned a mintage figure of 33,660 to the Upright 5, which is probably too high a mintage to support only 2 dies. Therefore, the Upright 5 variety represents less than 2% of the entire mintage for the year.

This "super lot" probably represents around 75% of the existing population. The amazing lot of Civil War era gold should stir considerable bidder interest.
Estimated Value $125,000-UP.
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Unsold
Lot 1689
  A pair of 1873 Open 3 Indian Gold Dollars. Consists of: ANACS AU-58; ANACS EF-45 Details, Ex Jewelry. Lot of 2 coins.
Estimated Value $225 - 250.
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Realized
$441






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