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: $61.30 (10/21/2016)
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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There are no NGC varieties for this coin.

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.


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Price Guide

Last Updated: 5/19/2016

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

1875 G$1 MS
Base $ 1350 1950 2600 3550 5350 6500 7250 8100 10250 12350 12850 13750 15500 27000 43500 90000 - - - -
$ - - - - - - - - - 30000 - - - -
1875 G$1 MS Prooflike
Base $ - - - - - - - - - - - - - - - 100000 - - - -
$ - - - - - - - - - - - - - -

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Total Graded: 29
Low Grade: 55
Average Grade: 61
High Grade: 66

Upcoming Auctions

Auction Prices Realized

A random selection of coins is shown below.

Auction House
Sale / Lot
12/11/1996 NGC MS 62   Teletrade Auction 0901, 901/Lot# 1829 $6,541.00
3/24/2004 PCGS MS 64   Heritage Auctions 2004 March Portland, OR Signature Sale #344, 344/Lot# 6071 $10,350.00
5/27/2007 NGC MS 61   Goldberg May 27-30, 2007 Pre-Long Beach Coin and Currency Auction, 41/Lot# 1457 $7,800.00
2/3/2010 PCGS MS 66   Heritage Auctions 2010 February Long Beach, CA Signature US Coin Auction #1137, 1137/Lot# 1427 $109,250.00
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
12/5/2013 PCGS AU 55   Heritage Auctions 2013 December 5 - 8 US Coins Signature Auction - Houston Session(2), 1192/Lot# 3786 $4,993.75
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
1875 G$1 MS Prooflike
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