Lot 2751
1866 $1 Gold Indian. PCGS graded MS-65 PQ. Fully prooflike and looks like a Proof coin. In a new secure plus holder. Dates in the 1860s, with only a couple of exceptions, are all low mintage. 1866 is an example with only 7,100 pieces struck. Pop 9; 15 finer, 7 in 66, 1 in 66+, 4 in 67, 1 in 67+, 2 in 68 (PCGS # 7565) .
The year 1866: The first big cattle drive took place this year as "cow-boys" as they were called drove 260,000 head from Texas to the meat packing plants of Kansas, Missouri, and Iowa. In the next 20 years, between 4 and 8 million cattle were driven north. This practice was hotly opposed by Indians and farmers who lived en route, and many battles took place. (Once Philip Armour opened his meat packing plant in Chicago after the Civil War, cattle could be sold to northern markets for as much as $40 per head, making it potentially profitable for cattle, even from as far away as Texas, to be herded long distances to market.).
Estimated Value $3,800 - 4,000.
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| Realized $4,830 |
