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October 19, 2015

COIN OF THE WEEK

Rare 1860 Gold $1 NGC PR66 UCAM . - $34,500.
Click on Coin Image to enlarge


Wow! Gem Ultra Cameo. Only 154 were struck. This specimen is tied for the highest/finest graded. Less than a year after this coin was struck the War between the States changed the course of America forever.

Please contact me by email or telephone 1-941-291-2156 to reserve this great coin.

The Indian Princess Head gold dollar was designed by James Longacre and minted from 1854 to 1889. The first, which is actually Type 2 because there was a prior Liberty Head gold dollar, was issued until 1856. The second Indian Princess gold dollar, Type 3, was minted from 1856 to 1889. The Type 2 gold dollar showed a head of Liberty facing left wearing a stylized feathered headdress. It is inscribed LIBERTY on the headband. She is surrounded by the legend UNITED STATES OF AMERICA.

The reverse shows an open wreath of corn, cotton, maple, and tobacco tied below with a bow. The wreath encircles the denomination, 1 DOLLAR, and the date. The problem with the coin was that it did not strike up well. In fact mint state examples looked worn and, in some cases, so circulated that the date could not be read on the coin. This problem most affected the branch mint issues, which Longacre did not get to see until afterwards. The proofs that he saw did not have this as a problem. To remedy this situation, Longacre designed the Type 3 gold dollar. While the design was similar to the previous issue, Longacre lowered the relief and moved the obverse head so as not to be opposite a reverse relief area. This coin is called the Large Size or Large Head.

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 was opposed by Franklin Peale, the Chief Coiner. Peale was probably responsible for some blundered dies that Longacre was criticized for making. Peal was involved in a private, illegal medal manufacturing business using Mint facilities. He was concerned that this new political appointee would interfere with his business, and he resisted Longacre’s appointment as Chief Engraver. 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 dollar, the three-dollar gold piece, and the Liberty Head double eagle.


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ADDITION NEW COINS ADDED - (Week of 10/12/2015)

1861 Liberty Gold $5 PCGS XF45. Civil War Gold $5.

1857-S Liberty $20 S.S. Central America, PCGS MS64 CAC

1857-S Liberty Gold $20 S.S. Central America, PCGS MS65

1860-S Liberty Gold $20 PCGS AU58 CAC. No Motto

1888 Gold $1 PCGS PR65+ DCAM CAC. Gem Deep Cameo

1860-S Gold $1 PCGS MS62+. Very Scarce Date

1859-C Gold $1 NGC MS61

1855-C Gold $1 NGC MS60. Only Charlotte Mint Type 2 Gold Dollar

1855-C Gold $1 NGC AU58. Type 2 Gold Dollar

1855-C Gold $1 PCGS AU53. Well struck for the date

1849 Gold $1 PCGS MS65+. Open Wreath

England 1797 Silver Dollar Counter-stamped Mexico 8 Reales, PCGS XF45


Very Truly Yours,

Tom Pilitowski
www.usrarecoininvestments.com
Phone:
1-941-291-2156
Email: TomPilitowski@yahoo.com


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