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1856 GOLD DOLLAR

Mintage:
Circulation strikes: 1,762,936
Proofs: est. 15

Designer: James Barton Longacre

Diameter: 14.3 millimeters

Metal content:
 Gold - 90%
Silver and Copper - 10%

Weight: 25.8 grains (1.7 grams)

Edge: Reeded

Mintmark: None (for Philadelphia, Pennsylvania) below the wreath on the reverse

Varieties:
Upright 5 
Italic 5

Notes:
The finest Uncirculated "Slanted 5" example graded by PCGS is a single MS-68.

The finest Uncirculated "Upright 5" examples graded by PCGS are 3 MS-65's.

The finest Proof "Slanted 5" examples graded by PCGS are 2 PR-65's.

Significant examples:
PCGS Proof-65.  Ex - Bowers and Merena Galleries "The Rarities Sale", July 31, 2002, Lot 677, illustrated, sold for $48,300.00

Recent appearances:
NGC MS-64.  Upright 5.  Ex - Ira & Larry Goldberg Coins & Collectibles, Inc.'s "The California Sale", October 2-3, 2000, Lot 636, sold for $1,150.00, where it was described as follows: "Large head, upright 5. NGC graded MS-64. Here is an extremely rare coin, in fact it is one of the very finest known of the "Upright 5" variety. Breen states that only 33,660 were struck (or less, he notes) and this was the first style produced in the year. For unknown reasons, only 3 reverse dies were delivered with the upright 5, using the half dime date logotype. The next die delivery of two dozen reverses, all employed the quarter eagle date punch, which uses a slanting 5, which is far more common. Certainly in the top half dozen of this variety, and worth a strong premium as such from a numismatist who understands the rarity of this issue. Not noted on the holder, this one was graded prior to NGC differentiating between the Upright 5 and the Slanting 5. Currently in NGC holder #111303-001.  A real blazer here, satiny luster on both sides with hints of greenish-gold toning around the periphery. A glass will note a couple of scattered tick marks, none important or readily visible. Sharply struck on the central devices, with a couple of peripheral letters weakly impressed, as often seen.

MS-63.  Ex - Bowers and Merena Galleries, "The Harry W. Bass, Jr. Collection, Part IV Sale", November 20-21, 2000, Lot 49, illustrated, sold for $1,035.00  Purchased from Don Apte, August 21, 1973

MS-62.  Ex - Bowers and Merena Galleries, "The Harry W. Bass, Jr. Collection, Part IV Sale", November 20-21, 2000, Lot 50, not illustrated, sold for $690.00  From a set of gold dollars purchased from Rowe and Brownlee, February 24, 1967

NGC MS-61.  Ex - Ira & Larry Goldberg Coin & Collectibles' "The Fairchild Family Trust Collection Sale", May 28-30, 2001, Lot 1207, "Upright 5", not illustrated, sold for $345.00

PCGS AU-55.  Ex - Heritage Numismatic Auctions, Inc.'s, "Summer 2001 Long Beach Signature Sale", May 31-June 2, 2001, Lot 8802, not plated, sold for $218.50

Choice About Uncirculated.  Ex- Stack's "The September Sale", September 12-13, 2000, Lot 1397, "Slant 5", sold for $287.50

Choice About Uncirculated.  Ex - Stack's "The University of Notre Dame Sale", March 20-21, 2001, Lot 978, not plated, sold for $161.00

About Uncirculated.  Ex- Stack's "The September Sale", September 12-13, 2000, Lot 1398, "Slant 5", sold for $166.75

About Uncirculated.  Ex- Stack's "The September Sale", September 12-13, 2000, Lot 1399, "Slanted 5", sold for $115.00

About Uncirculated.  Ex - Stack's "65th Anniversary Sale", October 17-19, 2000, Lot 1637, "Slant 5", not plated, sold for $161.00

EF-40.  Ex - Ira & Larry Goldberg Coin & Collectibles' "The Fairchild Family Trust Collection Sale", May 28-30, 2001, Lot 1209, not illustrated, sold for $161.00

Extremely Fine.  Ex- Stack's "The September Sale", September 12-13, 2000, Lot 1400, sold for $149.50


Sources and/or recommended reading:
"The PCGS Population Report, April 2004" by The Professional Coin Grading Service

 
 

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