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Sale 10
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Lot 1201
1854 $1 Gold Indian. PCGS graded MS-65. One of the American classics when it comes to rarity on this short-lived type coin. The Type II Indian gold coin has always been in feverish demand the past three decades by type and date collectors. Note the overlay of luster spread across the coin, with a seductive satiny reddish tint of colors that promote contrast between the flatness of the fields to the raised lettering and devices. On the obverse, the coin boasts a golden yellow hue which reflects back the harsh light used for critical examination. Turning to the reverse, we see similar satiny yellow fields with crisply struck devices, and surrounding the wreath is a lilac-orange-red-green combination of colors that dance when examined in the light with a youthfulness that belies the passage of 147 years since this one was struck.
As always, the dies show clash marks on both the obverse and reverse, as many times the dies came together without a planchet as the feeding machinery frequently jammed on these tiny planchets. The vast majority of these show clash marks. Scrutiny finds little to fault, sure there are some hidden hairlines and ticks which blend into luster, but this is clearly one of the few gems that have been graded during the past 15 years since PCGS began grading coins. The March 2001 PCGS Population Report shows only 34 graded as MS-65, with a scant 8 graded higher for this date. Certainly not many to go around to all the eager collectors out there attempting to put together gem type collections.
Estimated Value $30,000 - 35,000.
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| Realized $29,900 |
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