1857-D G$1 MS(PCGS#7546)

September 2005 Pre-Long Beach Auction #32

Auctioneer

Goldberg Auctioneers

Lot Number

2329

Grade

MS60

Price

8,050

Lot Description

Lot 2329 1857-D $1 Gold Indian.PCGS graded MS-60.Only 3,533 minted. Light golden toning. Pop 1; 5 in 61; 5 in 62; none finer by PCGS. Normal flat detail on the hair above the brow, the hair curls cascading down the neck, and on the feather puffs -- all due to insufficient pressure from the dies. The rim denticles are typically soft as well, but there is complete, muted luster over both sides. Few collectors ever return from a buying trip bringing with them an early Mint State Dahlonega gold dollar. The simple fact is, these are rare. It doesn't matter whether you can write a check at the tip of a hat. These simply do not appear on the market with any frequency (PCGS # 7546) . As described in the main section, in 1857, the Dahlonega Mint delivered a mere 3,533 Gold Dollars. Survivors are elusive in all grades according to Doug Winter, and they probably number no more than 120-130 coins (per Winter, 2003). Most often seen in VF or EF grades, the '57-D becomes scarce in the finer circulated grades and downright rare in Mint State as seen in the low population figures. Estimated Value $8,000 - 8,500.