Lot 1862
1883 Hawaiian Eighth Dollar KM-4A. NGC graded Proof 65 Brown CAC Approved. Lovely brown toning with some mint red visible. No Hapawalu coins were struck for circulation, intensifying collector pressure on the few Proofs and choice copper Pattern pieces which still exist. All have been eagerly sought by collectors for well over a century. This lovely Proof Pattern hapawalu denomination is very seldom seen at auction, let alone in Gem Proof quality, and it is a wonder even a single Proof 65 has survived. The present coin's auction appearance provides an historic opportunity for individuals who want to acquire the finest Hawaiian coins, an opportunity that may not recur for decades to come. Pop 1; 1 finer in PF66BN.
Historic note: Until 1884, even after the Kalakaua coins entered circulation, coins of all descriptions were taken and no word said, "no growl raised," as one supporter stated, although everyone knew the coins value was only 75 cents to 84 cents on the dollar whether they be French, Bolivian, Chile and other South American coins, all of which circulated in the Islands. Then, all at once, with passage by the Hawaiian legislature of the Gold Law of 1884, it was suddenly discovered that U.S. gold coin was the only standard. Just the same, the Kalakaua silver turned out to be well liked, as indicated by the many worn pieces seen today in dealer’s coin trays (they coins circulated between 1884 and 1904 before being demonetized).
Estimated Value $20,000 - 25,000.
The Forsythe Collection.
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| Realized $33,350 |
