1884 G$1 MS69 PCGS
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ANA Money Show
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Convention Center
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1884 G$1 MS69 PCGS. CAC. Ex: Bender Collection. Gold dollar output remained severely constricted in 1884, following a trend established after the Mint halted specie payments during the outbreak of the Civil War. From that point -- and even through 1879, when gold and paper began trading at par again -- the public became increasingly accustomed to doing business in currency rather than coin. The token mintages of gold dollars manufactured on a yearly basis, like the 5,230 pieces struck in 1884, seldom circulated. Instead, the tiny gold dollars were bought up by speculators, jewelers, and by members of the general public as small gifts for special occasions, like Christmas. Writing in A Guide Book of Gold Dollars, Dave Bowers takes care to mention that the 1884 and 1886 dates stand out as more-challenging issues compared to other gold dollars from the decade. Although the Population Report at PCGS does not quite bear that out, the 1884 is naturally scarce in all grades. Rampant contemporary saving explains the availability of examples through grades as high as MS65 and even MS66. Superb Gems are rare, especially in MS68, as expected. What may be more surprising is the existence of this singular MS69 representative, which stands as the sole-finest certified and boasts a green CAC approval sticker for high quality within the grade. Our understanding is that this gold dollar (previously held in the fantastic Bender Collection) is the only 1884 to be offered publicly in this grade and its potential is unlimited. As always, both sides feature a combination of semiprooflike field reflectivity and frosty mint luster. Coloration is deep yellow-gold and the devices are fully struck throughout. Bold repunching occurs on 18 in the date. PCGS Population: 1 in 69, 0 finer (7/26). Ex: The Bender Family Collection, Part I U.S. Coins Signature (Heritage, 8/2022), lot 3850. Selections from The Black Cat Collection. HID06601242017 ...
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