Coin Specifications

Category: Gold Dollars (1849-1889)
Mint: Philadelphia
Mintage: 400
Obverse Designer: James B. Longacre
Reverse Designer: James B. Longacre
Composition: Gold
Fineness: 0.9000
Weight: 1.6700g
AGW: 0.0484oz
Melt Value: $72.19 (10/19/2019)
Diameter: 15mm
Edge: Reeded
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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: 7/2/2019

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

1875 G$1 MS
  GVGFVFXF505355586061626364656667686970
Base $ - - 3450 4625 5625 6250 6725 7650 9050 11200 12100 13300 15700 23500 43500 91000 - - - -
$ - - - - - - - - - 29000 - - - -
1875 G$1 MS Prooflike
  GVGFVFXF505355586061626364656667686970
Base $ - - - - - - - - - - 12500 - - - - 99500 - - - -

NGC Price and Value Guides Disclaimer

Census

 
NGC GRADE SUMMARY

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

The chart showing 55 series, 58 series, 60 series, 61 series, 62 series, 63 series, 64 series, 65 series, 66 series.
NGC CENSUS DETAIL Last Updated: 10/8/2019 1875 G$1 MS
 PrAgGVGFVF4045505355586061626364656667686970Total
Base---------142332--1----16
-----------------------
-----------------------
---------------1------1
Total---------1423321-1----17
 ---------6 %24 %12 %18 %18 %12 %6 %-6 %---- 
1875 G$1 MS Prooflike
 PrAgGVGFVF4045505355586061626364656667686970Total
Base------------43131-----12
-----------------------
--------------1-------1
-----------------------
Total------------43231-----13
 ------------31 %23 %15 %23 %8 %----- 
1875 G$1 MS Deep Prooflike
 PrAgGVGFVF4045505355586061626364656667686970Total
Base-----------------1----1
-----------------------
-----------------------
-----------------------
Total-----------------1----1
 -----------------100 %---- 

Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
12/18/2001 PCGS MS 64   Heritage Auctions Exclusively Internet Auction #21124, 21124/Lot# 4472 $10,500.00
9/15/2003 PCGS MS 64   Goldberg September 15-17, 2003 Pre-Long Beach Coin and Currency Auction, 21/Lot# 1062 $10,350.00
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
1/5/2011 PCGS MS 61   Heritage Auctions 2011 January Tampa FUN Signature & Platinum Night US Coin Auction Session(5), 1151/Lot# 6676 $8,050.00
1/3/2012 PCGS MS 61   Heritage Auctions 2012 January 4-8 US Coins & Platinum Night FUN Signature Auction- Orlando Session(7), 1166/Lot# 6078 $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 Prooflike
 PrAgGVGFVF4045505355586061626364656667686970
Base419742924390448845894691479349015008511752285341565659866329752694391215712844135601457115636
422943254423452246234725482949375044515452665446576661006728816410345123861308313897149260
00000048294937504451545266544657666100672881641034512386130831389700
00000048654972508151915303555158766215712788011125112615133211423400
1875 G$1 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base298930633139321636854024412242174354460449465407558258016201725891221179812470131701416015203
301430883165337237984057415442634437471851005465565559346553787910014120221270313500145080
00000041544263443747185100546556555934655378791001412022127031350000
00000041854308452148325253552457286068690685011090612246129371383000
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