Lot 1243
1854. PCGS graded MS-63. Housed in an Old Green Holder. Frosty and lightly toned. Both sides are soaked in vibrant-gold iridescence that accents the ample remaining luster with surfaces swirling fresh, the color gorgeous. Clear-cut devices point to it having been giving a full strike by the dies. A marked improvement over most Type 2 Dollars where uneven strikes abound. Should prove a favorable choice for a collector’s Gold Type Set (PCGS # 7531) .
Note: The relief of the obverse motif on the Type 2 design was too high and engraver James Longacre had situated it conflicting with the highest points of the reverse. This led to poor metal flow into the die cavities, and even the capable Philadelphia Mint could rarely generate fully struck examples. Most pieces emerged from the branch mints far worse, with weak devices, and rapidly wore down to illegibility. The barely identifiable survivors that the Mint retrieved from circulation were melted as hastily as they had been designed. After two years of production at Philadelphia and token outputs at the other facilities that extended into 1856, Longacre reworked the denomination and created the Type 3 gold dollar, 1856-89.
Estimated Value $6,000 - 6,500.
|
| |
| Realized $7,050 |
