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October 3, 2014

COIN OF THE WEEK

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

1875 GOLD $1 PCGS PR65 CAMEO CAC

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 1-941-291-2156 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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NEW COINS ADDED - (The week of 10/03/2014)

1832 50C NGC MS65+. O-103. Small Letters

1834 Capped Bust H10C NGC PF66+

1882 Trade $1 NGC PF68 CAMEO

1884-S Morgan $1 PCGS MS62

1907 Barber 50C NGC PF66 CAMEO

1843 50C NGC MS65

1874 50C PCGS PF65 CAC

1879 Trade $1 PCGS PR65

1849-C $5 NGC MS63

1851 $50 Humbert 880 Thous, PCGS XF45. Reeded Edge

(1842-50) A Bechtler $5 NGC AU58

A Bechtler G$1 PCGS MS61

1855-C $5 PCGS MS61

1911 $10 Indian PCGS MS65

1876-S $20 PCGS MS63

1795 S$1 PCGS AU50

1832 Capped Bust 50C NGC MS65

1927-D 25C Standing Liberty PCGS MS66FH

1926-S 25C Standing Liberty PCGS MS65FH

1917-D 25C PCGS MS67 CAC

1827/3 25C PCGS PF66 CAC

1885 Seated 10C NGC PF67 CAMEO

Very Truly Yours,

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


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