1888 Gold $1 NGC PFOOF 67 CAM Click on Coin Image to
Gold $1 NGC PF67 CAM - $19,500.00
a mind blowing 1888 Gold $1 in NGC PROOF 67 CAMEO! Yours
for only $19,500.00. Please contact me by email
or telephone to reserve this great coin.
coins of this caliber are always in demand for their
rarity and beauty.
Proof 1888 Gold Dollar - 1888 Gold
$1 NGC PF67 CAM. Only 4 other specimens share this lofty
grade for this fantastic 1888 Proof Gold Dollar with
3 better not including duplicate submissions. A great
rare gold dollar.
This rare 1888 Superb Gem Cameo proof
gold dollar is tied for the second finest known at NGC
and is the finest known at PCGS. The coin shows flawless
deep mirrored fields on which frosty devices float.
As expected at this lofty grade level, the surfaces
are completely original and clean with no visible hairlines
or other distractions. The strike is full and sharp,
which is also as expected for a proof coin of this distinction.
The dollar coin was part of Alexander Hamilton’s
original plan for the nation’s coinage; however,
there was none until 1830’s, when Christopher
Bechtler, a private minter, began to coin dollar and
other denomination in gold. However, the coins were
variable in fineness and frequently counterfeited. In
1844 a bill was introduced in congress to make gold
dollars. Mint Director Robert Patterson was opposed.
He falsely claimed that there was no public demand for
these coins. He did not want Longacre, the Mint Engraver,
making new dies because that would interfere with Franklin
Peale’s medal-making business. He thought that
Longacre’s job might be abolished if new coinage
was not needed. However, five years later Congress recognized
the need to coin the new California gold that was coming
into the Mint. The public need a replacement for the
paper currency that was frequently only acceptable at
a discount and for the silver that had vanished during
the “Hard Times” of 1837 to 1844. Notwithstanding
Patterson’s objection, Longacre made the dies
for the gold dollar and production began on May 8th
of both business strikes and proofs.
The first gold dollars were the Liberty
Head type, similar to Longacre’s double eagle
in design. It was minted from 1849 to 1854. In 1854,
Longacre introduced the Indian Princess motif. However,
these pieces did not strike well because the obverse
portrait was in high relief and there wasn’t enough
of a metal flow to fill the dies on both sides. Longacre
had underestimated the power of the coining presses
in use at the time. This problem was much more evident
on the branch mint presses, which were much older than
those in use at Philadelphia. Since the proofs that
were made in Philadelphia did not show this weakness,
Longacre was unable to anticipate this situation. As
a result of the central weakness, the hair or the date
was blurry or illegible. Most coins wore down quickly
and were sent back to the mint to be recoined. The Type
2 coin was issued from 1854 to 1856.
In 1856 the Type 3 was coined in the
hopes that these striking problems could be alleviated
with a design change. The new coin retained the same
diameter, and the obverse relief was lowered. In addition,
the portrait was modified so the relief areas were not
opposite. The solution that Longacre chose was to adapt
the design of the three dollar gold piece. The words
of the legend were placed nearer the border. The head
was placed farther from the letters, and the feathers’
shapes, sizes, and locations also changed. The new design
modifications were successful and the coin remained
in use until 1889.
In 1844 Longacre was appointed Mint
Engraver through the influence of Senator John C. Calhoun
of South Carolina. After overcoming opposition by the
Chief Coiner, Franklin Peale, Longacre did well. He
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.
In its population
report, NGC shows that it has certified 5 1888 gold
dollars at the proof 67 Cameo level with only 3 better.
The finest certified at PCGS are 4 in PRCA66.