Lot 1663
1859-C. NGC graded MS-61. Untoned and struck on a faulty planchet. Only 5,235 minted. Bright reddish gold surfaces with considerable remaining luster. Slight surface roughness interfering with the rim dentils, as struck. Low mintage of Charlotte Gold Dollar. Douglas Winter described this issue as a "sleeper" among Charlotte Mint gold dollars. The 1859-C is the swan song of the Charlotte Mint issuance of this denomination.
Planchets were produced at the Charlotte Mint by casting gold into ingots, then running the ingots through a rolling mill, reducing the spacing between the rollers several times until the acquired thickness was obtained. It would be interesting to study a number of Charlotte Mint gold dollars to see if any of the planchet irregularities are repetitive; that is, if they are found in the same pattern on more than one coin. If so, this would indicate rust or problems on the steel rollers. Otherwise, the problems were probably mainly due to annealing and lamination. Pop 8; 10 finer in 62 (PCGS # 7552) .
Estimated Value $7,500 - 8,000.
|
| |
| Realized $7,931 |
