1869 Gold Dollar PCGS PR61. From an estimated mintage
of 25 pieces, this is one of just an estimated 15-18
proof examples remaining. Examples of this rare proof
gold coin are seldom seen, but remain relatively affordable.
Most likely due to their small size, this leaves chances
for calculating collectors.
Proof gold coins from the 19th century are usually
regarded as very rare, and with tiny mintages such
as this pieces one does not have to wonder long to
figure out why. Yet, these pieces are beautiful products
of the United States Mint, and every collector or
investor should consider obtaining one for their collection
or portfolio. Because of its rarity, this issue is
seldom offered and destined to hold its value in any
This is a wonderful example of the so-called type
3 gold dollar, introduced in 1856 and struck until
1889. In that year, the denomination was discontinued
along with the similar 3 dollar gold piece. Both were
designed by James B. Longacre, one of the premier
coin designers this country ever knew. Many coins
that circulated in the mid to late 19th century carried
designs by Longacre. According to Breen, the gold
dollar proofs of his design dated 1869 were struck
on February 19 of that year and distributed among
the wealthy collectors of the time.
The present piece is sharply struck, showing considerable
reflectivity in the fields. Without any doubt a true
proof, this is a rare date in both circulation strike
and proof format. Seldom offered for auction in any
grade, this is a rare opportunity to acquire an extremely
rare 140 year old proof gold coin at a very reasonable
price for its rarity.