1886 G$1 MS(PCGS#7587)

Spring 2023 U.S. Coins Auction

Auctioneer

Stack's Bowers

Lot Number

3191

Grade

MS67

Price

7,800

Lot Description

Impressive Superb Gem 1886 Gold Dollar 1886 Gold Dollar. MS-67 (PCGS). CAC. This Superb Gem displays lovely deep golden-orange color enhanced by a pronounced satin to semi-prooflike finish. Fully struck and expertly preserved - to see this beautiful coin is to admire it. As related elsewhere in this catalog, by the 1880s the gold dollar was sought more for jewelry and as gifts than as an instrument of commerce. The 5,000 circulation strikes produced in 1886 were delivered solely to prevent the date from becoming a Proof-only issue. Contemporary numismatists were attracted to the low mintage issues of the decade and many coins were acquired by collectors and dealers alike. While around 20% of the mintage are estimated to survive, 1886 gold dollars are not as often encountered as some of the others from the era. A select number of Gem specimens are available for collectors, but there are comparatively few that rate as Superb Gem and even fewer still with quality outstanding enough to warrant CAC approbation. An important addition to any 19th century gold cabinet. Provenance: From the Ward Collection. PCGS Population: 6; 2 finer (both MS-67+). CAC Population: 9; 0. PCGS# 7587. NGC ID: 25DR. Click here for certification details from PCGS.