So...You've Decided to Collect Gold Dollars...

So...You've Decided to Collect Gold Dollars...

The gold dollar was made from 1849 through 1889 in three distinct types and was struck at five different mints. This denomination has been popular with many generations of collectors and it lends itself to a host of different collecting methodologies...

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The 36 Major Gold Types: A Collectors Guide

The 36 Major Gold Types: A Collectors Guide

Between 1795 and 1933 a total of 36 major gold types were issued for circulation. I’m going to discuss each type in more detail with suggestions on how and what to buy and some “alternative” dates to spice-up a type set.

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The Duckor Collection of Gold Dollars: A Post-Sale Analysis

The Duckor Collection of Gold Dollars: A Post-Sale Analysis

I had a personal investment in the recent sale of Dr. Steven Duckor’s gold dollar collection at the Heritage 2014 Platinum Night auction session. Steve is a good personal friend of mine (and of my wife Irma) so we wanted to be there to cheer him on. I also helped him assemble the set and, as a dealer, you don’t often get the chance to sit with a client while his world-class collection is being sold at auction.

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What's the "Next Big Thing" in Rare Date Gold? Five Suggestions:

What's the "Next Big Thing" in Rare Date Gold? Five Suggestions:

In the last decade, we have seen a number of Next Big Things in the rare date gold market. We’ve seen New Orleans double eagles and Carson City double eagles. We’ve seen Civil War issues, and we’ve seen No Motto San Francisco eagles. In most cases, we’ve seen big demand spikes and subsequent price increases in these areas. What could be the Next Big Thing and why? Here are five suggestions with explanations.

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Recently Sold by DWN: A Choice PCGS AU53 1855-D $1.00

The 1855-D is one of two gold dollars from the Dahlonega mint with multiple levels of demand. It is popular with type collectors who like it for its one-year status (it is the only Type One gold dollar from this mint) and it is also popular with collectors who appreciate truly rare coins. While the 1861-D is the “sexy” D mint gold dollar, the 1855-D is actually a rarer coin in high grades, especially with choice surfaces, original color and a sharp strike. Of the 100 or which are known, most 1855-D dollars grade in the VF-EF range and are characterized by very flat central detail. There are an estimated two dozen known in properly graded About Uncirculated, as well as another four or five in Uncirculated.

1855-D $1.00 PCGS AU53

A very small number (lower than 10% of the survivors) are known with a full date and collectors appreciate these. Full Date coins typically command strong premium and to qualify as such, an 1855-D needs to be as well defined on the 85 as the present coin; see the photo for more evidence.

This fresh-to-the-market coin is perhaps the nicest circulated 1855-D dollar that I have owned and its eye appeal far exceeds the assigned grade. It is extremely well-struck and is probably one of the very first coins struck from the Winter 7-I die pair. The date shows 100% full detail, and there are only moderate clashmarks at the centers. The surfaces are clean and well made with attractive rich deep russet color seen on both sides. Some dirt in the recesses can be seen as well and it is likely that this is one of only a small number of 1855-D dollars which has not been cleaned or dipped.

This coin was recently sent in for grading by the descendants of an old Southern family, where the coin had resided since the 19th century. I was excited to purchase it, and I sent it to PCGS and later to CAC, hoping it would grade AU55.

Here is an example where a coin in a lower grade holder is clearly worth more than one graded higher. My coin was “competing” with an NGC AU58 which was listed on a West Coast dealer’s website for less money than I was asking for a coin which was “only” an AU53. As I pointed out to the collector who purchased this coin from me, the AU58, based on images, was weakly struck, unnaturally bright, and had rough, processed surfaces.

The new owner of this coin is nearing completion of a set of Dahlonega gold and he has just a few more coins before he is finished. I am pleased that he took a leap of faith and purchased this exceptional 1855-D Full Date dollar as it will make a superb addition to his set.

If you want to purchase Dahlonega gold coins which are choice s this 1855-D dollar, please contact me at dwn@ont.com.

 

Do you buy rare gold coins?

Do you have coins to sell?

Would you like to have the world’s leading expert help you assemble a set of coins?

Contact me, Doug Winter, directly at (214) 675-9897 or by email at dwn@ont.com.