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Lot 2118

1857-C. NGC graded AU-53. Mostly untoned. Light golden color with remaining luster. Light planchet roughness is noted, apparently as struck. This example survives from an original mintage of 13,280 coins. A scarce coin in any grade. Douglas Winter suggested that only 100 to 110 coins survive, with only 10 to 13 examples better than EF45.

1857-C is important as the first Charlotte issue of the Type 3 design, none having been coined in 1856. By this time the demand for the gold dollar denomination must have been waning, perhaps due to the proliferation of pieces made in the same state by Bechtler. Whatever the indication, those depositing gold bullion called for higher denominations during this period, most often the half eagle. As it developed, no gold dollars were struck in 1858 either.

Among 1857-C gold dollars there are three die varieties, each of which has a significantly larger mintmark than seen on the next earliest issue, the 1855-C (PCGS # 7545) Estimated Value $2,600 - 2,700

 
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