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Auction: 1116
1854 G$1 Type Two MS63 PCGS....
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Sold for: Sign-in or Join (free & quick) (includes BP) Bid Source: Internet
Ended: Sep 18, 2008
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Buyer's Premium: 15% of the successful bid (minimum $9.00 per lot)
Auction Name: 2008 September Long Beach, CA US Coin Signature Auction #1116
Description: Heritage Numismatic Auctions offers U.S. and World coins, medals, and tokens in our Signature Auctions & Final Session Sales, held in conjunction with some of the largest numismatic conventions. These sales feature award-winning cataloging and photography. Call or e-mail one of our Consignment Directors to learn about selling through Heritage.
Auction Type: Signature: !! Heritage Live: After Internet bidding closes, live bidding will take place through www.HA.com/Live. Your secret maximum bid placed prior to the live event will compete against the live bids. To maximize your chances of winning, enter realistic secret maximum bids on our site. Many of our proxy bidders are successful at winning lots in these auctions, and usually below their secret maximum. You can also place last minute bids directly with us by e-mailing Bid@HA.com or calling 1-866-835-3243. (Important note: Due to software and Internet latency, live bids may not register in time, so enter realistic proxy bids.)

This lot is in:  Signature Floor Session (Live Floor, Live Phone, Mail, Fax, Internet, and Heritage Live) (lots 1-4546)
Internet bidding ends at 10:00PM CT the night before the floor session for this lot. During the live auction event, bidding in person is encouraged, and Heritage Live includes streaming audio and often video during the event.

Item Activity: 3 Internet/mail bidders, 474 page views

Description
1854 G$1 Type Two MS63 PCGS. In mid-1854, the Mint attempted to rectify problems caused by the small size of the Type One gold dollar. The planchet diameter was increased by 2 mm, and the thickness was reduced accordingly to maintain weight and fineness standards. Chief Engraver James Longacre also introduced an elegant new design, featuring the head of an Indian princess on the obverse. Unfortunately, the highest points of this design were directly opposite the high relief of the reverse design. Coupled with the thinner planchet, the juxtaposition of the designs led to striking difficulties that were never resolved. Most 1854 Type Two dollars show softness in the details of the hair on the obverse and corresponding weakness in LL of DOLLAR and 85 of the date on the reverse. The issue is often seen with clash marks. The coins wore down easily in commerce, and the design was discontinued after only three years. The average grade seen is AU55.
The present coin displays unbroken, but slightly subdued luster, set off by lovely orange-gold color. The strike is typical for the date. The fields are unblemished except for a few clash marks, mostly on the reverse. The short life of this design type makes this date attractive as a type coin, and the relatively high grade should appeal to the gold dollar specialist.
From The Bell Collection.
(Registry values: N4719) (#7531) View Entire Collection.


Bid Now on Items Just Like This One
Lot Bidding Ends Grade Service Current Bid
Auction 1121, Lot 5139 Friday, January 9, 2009 MS63 PCGS $7,500.00
View items up for auction that match this item in other grades. (you must be signed in)


Previous Prices from Heritage Auctions
Lot Date Grade Service Realized
Auction 1116, Lot 3148 Sunday, September 21, 2008 63 PCGS $8,625.00
Auction 1114, Lot 1873 Sunday, August 3, 2008 63 PCGS $8,625.00
Auction 1108, Lot 2921 Monday, June 2, 2008 63 PCGS $10,062.50
Auction 454, Lot 3668 Saturday, January 12, 2008 63 PCGS $10,350.00
Auction 446, Lot 3136 Friday, September 28, 2007 63 PCGS $8,912.50
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PLEASE NOTE: All prices realized reflect the final hammer price PLUS the buyer's premium in auctions that charge a buyer's premium. Each item has a notation at the top of the listing indicating whether that lot included a buyer's premium. Example: A item that sells with a final hammer price of $100 and a 15% buyer's premium will display with a price realized of $115. All information listed is intended to be as accurate as possible, but errors are possible. Please use this guide carefully and inform us of any inaccuracies.

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