Lot 3104
1854 Type 2. NGC graded MS-65 PQ. A satiny, fully frosted Gem with nearly perfect surfaces on both sides. Housed in an early generation NGC holder, back when grades are believed to have been a tad more conservative than they are today. Thus, the possibility exists for a higher grade. From an early state of the dies, minus the clashmarks that seem to be so common on this date and type. Liberty's cheek is especially fresh-looking and clean. The color is a comforting, soft, golden-yellow. All in all, this is a remarkable, high condition example of the date.
This type is significant and desirable because of its short life of only three years. The design change from the earlier Liberty Head type was not dramatic enough to create much collector demand, plus there were very few collectors in America in 1854, so most Gold Dollars were spent or otherwise non-numismatically preserved. Because of today's demand for gold type sets, this has now become an important coin for such purposes. Naturally, the rush towards quality has propelled prices for Gems into the stratosphere, and competition is fierce whenever these important coins come onto the market. Numismatic fads will come and go, but this is one coin that will always be in demand. Estimated Value $35,000 - 45,000
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