Lot 2754
1885 $1 Gold Indian. NGC graded Proof 68 Cameo. Lovely light golden toning on both sides. The mint's production of Proof Gold Dollars rose in the period after 1880; in 1885 the number breached a thousand pieces (1,105 to be exact) as collecting interest developed for the affordable Gold Dollar denomination. Although the mintage figure might suggest that the 1885 is an easily obtainable issue, nothing could be further from the truth. Or, to put it in less emphatic form and without hyperbole, this supposition is completely untrue, they are decidedly rare in superior Gem Proof grades. In fact, it could be that fewer than a hundred examples of this issue are extant, the majority of which grade miles below this Proof 68 level, per the population figures which come at the end of this discussion.
Given the high grade of the piece, there is little wonder why it exhibits vibrant, deep-gold luster on sparkling, sleek-mirrored fields. Close examination reveals an "orange peel" texture and there are no post-striking distraction, none whatsoever. Devices carry a strong cameo frost. This delivers true two-tone quality which makes the coin a very special offering for the gold enthusiast. Pop 2; none finer at NGC (PCGS # 87635) .
Estimated Value $15,000 - 17,000.
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