1880 G$1 MS(PCGS#7581)

June 2021 U.S. Coins Auction

拍卖行

Stack's Bowers

批号

2326

等级

MS66

价格

15,358

详细说明

1880 Gold Dollar. MS-66 (NGC). Semi-reflective fields support satiny, smartly impressed design elements on both sides of this beautiful golden-orange Gem. The suspension of gold specie payments by Eastern and Midwestern banks early in the Civil War dealt the gold dollar a blow from which it basically never recovered. Mintages had started to diminish as early as 1854 when the return of silver coins to circulation rendered the gold dollar increasingly obsolete in the eastern United States. Nearly all mintages were small through the balance of the 1860s and into the early 1870s. Minor upsurges in Philadelphia Mint production were seen in 1873 and 1874 as the destruction of worn gold coins pursuant to the Act of February 12, 1873, provided bullion for new coins. Thereafter mintages remained extremely limited until the gold dollar passed into history in 1889. Not even in 1878, when the Mint stepped up gold coin production in anticipation of the resumption of specie payments on January 1, 1879, did gold dollar production increase. There were obviously few calls for gold dollars in 1880, for the Philadelphia Mint produced only 1,600 circulation strikes, the lowest mintage among Philadelphia Mint gold dollars after the 1875 (just 400 coins struck). The 1880 is available in lower grades; a large percentage of the mintage must have survived in the hands of speculators or numismatists. On the other hand, the 1880 remains scarce to rare in the finest Mint State grades, at which levels it enjoys the greatest demand from discerning collectors. PCGS# 7581. NGC ID: 25DJ. Click here for certification details from NGC.