Lot 2099
1861 $1 Gold Indian. PCGS graded MS-65. Rich golden toning on both sides. Tinged in delicate golden-rose shades whose deep color and vibrancy will cause anyone to fall in love with on first viewing. What's more this isn't just "virtually" fully struck, but indeed it is razor-sharp. The hair and headdress show definitive detail. The wreath, too, basks in bold color, luster and keen-edge design. Just the ticket for a collector who would like to own a Civil War era gold piece in full Gem condition.
Hoarding of gold and silver coins began at the outbreak of the Civil War in April 1861 and grew in intensity until all suddenly disappeared in 1862. After about June, 1862, the United States Philadelphia Mint was, so far as gold was concerned, merely an establishment conducted for the benefit of New York banks and bullion dealers. West of the Mississippi, however, where large amounts of gold were coined in San Francisco, most gold and silver remained in circulation. The war panic in the metropolitan areas of the Eastern states seemingly did not find its counterpart in the commerce in the Far West. Pop 25; 7 in 66. (PCGS # 7558) .
Estimated Value $2,500 - 2,700.
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