1884 G$1, CAM PR(PCGS#87634)

November 2017 Baltimore U.S. Coins Auction

拍卖行

Stack's Bowers

批号

10132

等级

PR67CAM

价格

87,512

详细说明

Superb Cameo Proof 1884 Gold Dollar 1884 Gold Dollar. Proof-67 Cameo (PCGS). This is an exceptionally vivid 1884 Proof gold dollar with reddish-rose iridescence dominating both sides. Blushes of lighter golden-orange patina are also evident, mostly in the center of the obverse and over the lower third of the reverse. The devices are fully struck with a satiny texture that contrasts appreciably with the reflective fields. Expertly preserved and virtually pristine, even the most discerning gold specialist would be delighted to own this beautiful Superb Gem. Proof gold dollar production soared to previously unheard of levels in 1884 with a mintage of 1,006 pieces. While some numismatic scholars assert that this increased mintage is due to contemporary demand for coins to use in jewelry, we suspect that speculation on the part of numismatists is the more likely explanation. Yearly circulation strike gold dollar mintages had been almost universally small since early in the Civil War, lack of commercial demand for this denomination allowing dealers and other speculators to set aside many Mint State examples. This practice became particularly widespread beginning in 1879, and it seems to have created similar speculative interest in Proofs beginning in 1884. In fact, yearly Proof gold dollar mintages would remain above the 1,000-coin mark through the series' end in 1889. In an absolute sense, however, far fewer Proof gold dollars were saved than circulation strikes during the waning years of this denomination. At the Superb Cameo level, as here, the Proof 1884 is rare and seldom offered in today's market. This exceptional specimen would do justice to the finest Proof gold type or date set. PCGS# 87634. NGC ID: 25EU. PCGS Population: 6; 0 finer in this category.