1859 Gold Dollar. JD-1. Rarity-6. Centered Date. Proof-64 (PCGS). OGH.

Historic and Rare Proof Strike of the 1859 Gold Dollar 1859 Gold Dollar. JD-1. Rarity-6. Centered Date. Proof-64 (PCGS). OGH. The 1859 is the first Proof gold dollar with a reported mintage figure. It is also the highest mintage Proof gold dollar produced up to that point in time. The 80 pieces struck represents a dramatic increase over the estimated mintage of 25 coins for the Proof 1858. The increased production for the Proof 1859 is the result of the Mint's eagerness to share in the profits generated by the first great surge in popularity of numismatics as a hobby in the United States. So eager, in fact, that it widely overshot the mark when it came to anticipated demand for Proof gold coinage in 1859. With only 20 to 30 coins known today (per John W. Dannreuther, 2018), most of the 80 Proofs struck were almost certainly melted as unsold. On the other hand, the 1859 gold dollar exists in (far) greater numbers than the other Proof gold issues of this year, the smaller denomination and, hence, smaller purchasing power of these coins making them more likely to be acquired and preserved by contemporary Americans than the quarter eagle, half eagle, etc. There is no lack of willing buyers for classic Proof gold coins in the numismatic market of the 21st century, for advanced collectors recognize these pieces as defining elements in the finest cabinets. As the earliest date in the Proof gold dollar series that can be considered collectible, and the only realistic candidate to represent the Proof gold coinage of the year as far as most collectors are concerned, the Proof 1859 enjoys particularly strong demand. And this Choice specimen is destined for inclusion in an advanced collection, for it is an attractive example in all regards. Gently contrasted between frosty devices and mirrored fields, this piece is further enhanced by handsome color in deep orange-olive gold. There are no handling marks of note apart from a few wispy hairlines that do little more than help define the Proof-64 numeric grade. A highly desirable coin, historically significant and numismatically rare, this beautiful specimen will surely see spirited bidding. Provenance: From the Property of a Park Avenue Collector. PCGS Population: 4; 2 finer in this category (both Proof-65). PCGS# 7609. NGC ID: 25E2. Click here for certification details from PCGS.

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