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October 3, 2014

COIN OF THE WEEK

1875 GOLD $1 PCGS PR65 CAMEO CAC
Click on Coin Image to enlarge

1865 $20 Brother Jonathan PCGS MS63

1875 Gold $1 PCGS PR65 CAMEO CAC - $43,950.00

This rare, near-Gem proof cameo, Type 3 gold dollar. The coin shows some heavy die polishing on both sides, which is an indicator of its authenticity. The mirrored surfaces are original and very reflective with light devices and dark fields. The grade of Proof 65 Cameo is confirmed by CAC, which means that the coin is of premium quality and fully merits the grade it was assigned.

With an original mintage of 20, the 1875 proof gold dollar is rare in all conditions. In its population report, PCGS shows 2 in PF65 CAM with 1 higher. These numbers do not account for crossovers or resubmissions. As of October, 2014, CAC has confirmed only this coin in PR65 CAM with none higher.

Please contact me by email or telephone 1-800-624-1870 to reserve this great coin.

In 1856 the US Mint began production of the Type 3 Gold Dollar. On this 1875 Gold Dollar, the portrait of Liberty was made larger to use more of the space, the hair and headdress were slightly changed, and the relief was lowered. This Type 3 coin was called the Large Size or the Large Head. The present coin is an example of the Type 3 design.

James Barton Longacre was born in Pennsylvania in 1794. When he finished his apprenticeship in Philadelphia as a bookseller and a banknote engraver, he worked on his own as an engraver of book illustrations and bank notes. His works included one on the signers of the Declaration of Independence and another on stage personalities. In 1830, Longacre began a series of biographies of famous men in the military and the political arena. In 1834 the result of this series became the National Portrait Gallery of Distinguished Americans that was published in four volumes.

Longacre and those who worked with him became famous because of this work. In 1844 Longacre came to work at the Mint. He became Chie Engraver despite opposition from Franklin Peal. Peale was probably responsible for some blundered dies that Longacre was criticized for making. Finally in 1854, Peale was fired by President Franklin Pearce. Longacre flourished in his position and was responsible for creating many new designs including the Indian Head cent, the Two-cent piece, the Shield nickel, the Liberty Head gold dollar, the Indian Princess gold dollars, the Three-dollar gold piece, and, the Liberty Head double eagle.

 

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Very Truly Yours,

Tom Pilitowski
www.usrarecoininvestments.com
Toll Free:
1-800-624-1870
Email: TomPilitowski@yahoo.com


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