Lot 636
1856 $1 Gold Indian. Large head, upright 5. NGC graded MS-64. Here is an extremely rare coin, in fact it is one of the very finest known of the "Upright 5" variety. Breen states that only 33,660 were struck (or less, he notes) and this was the first style produced in the year. For unknown reasons, only 3 reverse dies were delivered with the upright 5, using the half dime date logotype. The next die delivery of two dozen reverses, all employed the quarter eagle date punch, which uses a slanting 5, which is far more common. Certainly in the top half dozen of this variety, and worth a strong premium as such from a numismatist who understands the rarity of this issue. Not noted on the holder, this one was graded prior to NGC differentiating between the Upright 5 and the Slanting 5. Currently in NGC holder #111303-001.
A real blazer here, satiny luster on both sides with hints of greenish-gold toning around the periphery. A glass will note a couple of scattered tick marks, none important or readily visible. Sharply struck on the central devices, with a couple of peripheral letters weakly impressed, as often seen.
Estimated Value $950 - 1,050.
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| Realized $1,150 |
