Coin Specifications

Category: Gold Dollars (1849-1889)
Mint: Philadelphia
Mintage: 400
Catalog: KM-86
Obverse Designer: James B. Longacre
Reverse Designer: James B. Longacre
Composition: Gold
Fineness: 0.9000
Weight: 1.6720g
AGW: 0.0484oz
Melt Value: $58.75 (10/1/2014)
Diameter: 15mm
Edge: Reeded
Numismatic specification data provided by Krause Publications NumisMaster.
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1875 G$1 MS obverse 1875 G$1 MS reverse


  
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Description & Analysis

Three-quarters of the way through the 19th century, the U.S. Mint managed to create a remarkable series of rarities with the memorable date of 1875. The coinage emphasis in that year was large-denomination silver coins and double eagles. Gold and silver coins had not circulated in any significant way since the Civil War year 1862, but the government was gearing up for the 'parity' between gold and silver coins and paper currency that was expected to take place in January 1879. Accordingly, the double eagle was produced to the extent of more than 1.6 million pieces at three mints, complementing more than 5 million Liberty Seated quarters and 10 million Seated halves.

Except for the double eagle, all of the 1875 gold coin issues were struck in minuscule quantities, all of them are great rarities today. In the case of the gold dollar, the mintage was a skimpy 400 business strikes, plus 20 proofs, one of the lowest mintages of any 'regular-issue' U.S. coin. Akers makes these cogent comments in his still-useful 1975 reference on the gold dollar series:

{blockquote}'With so low a mintage, essentially all specimens are 'first strikes' and therefore invariably have full proof-like surfaces. This has given rise to the false notion that the 1875 gold dollar is more common in proof than it is in uncirculated condition. Most cataloguers have mistakenly called Uncs. 'proofs' over the years, as one can readily see from the auction records below ... . Actually, the Uncs. are readily distinguishable from the proofs because all uncirculated 1875 gold dollars have a small thorn-like projection from the throat into the field. This projection is seen only on the Uncs., not on the proofs, and no matter how much a particular 1875 may look like a proof, if it has the projection from the throat into the field, it is an Unc.'{/blockquote}

Akers goes on to say that the proof is a great rarity and deserves recognition. However, the business strikes are quite rare as well, a rarity that increases with condition.

Description and Analysis courtesy of Heritage Auctions and may not be republished without written permission.


GRADE SUMMARY

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Price Guide

Last Updated: 4/16/2014

Click on a price to see historical prices, comparison charts and trends.

1875 G$1 MS
  GVGFVF4045505355586061626364656667686970
Base $ 925 1250 1950 2550 4250 4250 5200 5750 6750 9150 11500 12500 14500 16850 25750 45500 80000 - - - -
$ 4400 5200 5800 7000 7900 9100 11400 13000 15500 22300 40200 110000 - -
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Census

 
NGC GRADE SUMMARY

Total Graded: 31
Low Grade: 55
Average Grade: 61
High Grade: 66


Upcoming Auctions


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
2/2/1996 PCGS MS 62   Heritage Auctions February 1996 Long Beach Bullet Sale #150, 150/Lot# 584 $5,555.00
5/27/2007 NGC MS 61   Goldberg May 27-30, 2007 Pre-Long Beach Coin and Currency Auction, 41/Lot# 1457 $7,800.00
10/4/2007 PCGS MS 63   Teletrade Auction 2431, 2431/Lot# 1054 $10,080.00
11/3/2010 NGC MS 66   Stack's Bowers The November 2010 Baltimore Auction, 44/Lot# 5039 $28,750.00
1/6/2011 NGC MS 62   David Lawrence Rare Coins Thursday - Internet Auction # 547, 554/Lot# 5057 $9,200.00
2/3/2014 PCGS MS 61   Heritage Auctions 2014 February 3 - 5 US Coins Signature Auction - New York Session(4), 1202/Lot# 5296 $9,400.00
5/25/2014 PCGS MS 61   GreatCollections GreatCollections Coin Auctions 05/25/2014, 183/Lot# 195139 $8,779.10


NGC Registry

NGC Registry Score 1875 G$1 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base1638173818411949212430093205338635003573367937473868411144585316647378849658120451530119803
1671177218772007241930743265342435243608370137873949422647445701694384751045313130168010
000000326534243524360837013787394942264744570169438475104531313000
000000332534623548364337243827403043425030608774139066112491421500
1875 G$1 MS Prooflike
 PrAgGVGFVF4045505355586061626364656667686970
Base1111112536353936563732384239124037428746465529672073748667103521257715553
11111846287035783681376838653953412044064940592669387805922811093135690
00000028703578368137683865395341204406494059266938780592281109300
00000032043617370638053888399542034526523463237156823697901183500
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