Lot 2102
1875 $1 Gold Indian. NGC graded Proof 66 Ultra Cameo. Coin is encased in NGC holder 548945-001. Lovely rich golden toning. A dazzling bright, beautiful specimen, virtual perfection, never cleaned, dipped or allowed to acquire copper spots. Of all gold coins that are popular to collect by date and mintmark, the dollars of 1875 are probably king of the hill. This remarkable specimen comes to you as close to perfection as any certified by NGC -- thus resting at the top rung of the ladder (to switch metaphors) -- there being none at the Proof 67 level or finer! On the reverse field at close to the 8 o'clock position is seen a tiny planchet flake (as made) that can be used for an "identifier" or provenance marker along with the NGC serial number.
The 1875 gold dollar has coveted by specialist and everyday gold coin collectors since the late 19th century. Mint figures make out that a mere 400 business strikes were produced. Also, 20 Proofs were made, yielding a production of 420. It seems likely 20 Proof Sets were made in gold (the other denominations report the same figure), with perhaps a few more of the gold dollar and the $3 for sale individually.
Most 1875 gold dollars that are marketed nowadays are in high circulated grades or low Mint State, with once in awhile a coin in hairlined Proof preservation. As to Proofs themselves, very few meet the grade criteria of the piece offered here, simply because they have fallen to the rigors of time and of handling throughout the years. We cannot recall ever seeing a more attractive Proof of the 1875 issue. We are not necessarily a fan of the grading one-upmanship game, but we have seen various other date gold dollars graded Proof-68 that fail to measure up to this lovely piece! The connoisseurs will want to submit liberal bids for this great rarity, a key coin in any Registry Set of Proof gold dollars. Pop 4; none higher; only 4 pieces graded in Ultra Cameo at NGC.
Estimated Value $30,000 - 35,000.
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