Another addition to the Oreville Collection 1876 $1 Octagonal BG-1113 PCGS AU-55
oreville
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Now this is a rare one! I have waited 16 years to buy this piece! I was flabbergasted it showed up! I purchased the PCGS AU-55 slabbed BG-1113 Cal fractional piece. I also believe this should have been graded PCGS AU-50 but you cannot quibble with the grade when there are so few to choose from. Purchased for: $5,462.50
I did not like the Jay Roe BG-1113 piece offered in 2003 as it was cleaned/hairlined and labeled genuine by PCGS in the old rarely seen pre-2009 PCGS genuine slabs (in the XF-40 range - shown way below). But I should have bought it anyway as it went for only $575 and then 4 years later Heritage sold the same piece for $3225.75! PCGS has only graded 2 of these pieces in AU-55 and the other in Genuine (no grade) for a total of 3 in all grades/non-grades. NGC has not yet graded one. Breen-Gillio believes that the census is as many as 10 of these pieces but with "obvious" numerous duplicates. I believe there are only 5 of these pieces in existence.
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This is the description of the Jay Roe piece when it sold at Heritage on May 31, 2007 === Sold for: $3,225.75
1876 $1 Indian Octagonal 1 Dollar, BG-1113, R.7, XF40 PCGS. The plate coin from the second edition of Breen-Gillio. This rare octagonal dollar is hairlined, and slightly wavy from a couple of tiny digs. Portions of the design are softly struck, but there is little evidence of wear. Listed as "EF40" in the Breen-Gillio second edition and in the Roe Collection catalog.
Ex: Anaheim ANA Signature (Heritage, 8/95), lot 5532; Jay Roe Collection (Bowers and Merena, 9/03), lot 558.
From The Diamond K Collection of California Fractional Gold. (#10924)
This is the description of the same Jay Roe collection piece when it sold in October 2003 at Bowers and Merena.
Lot #558. 1876 Octagonal $1 BG-1113. Rarity-7. Indian Head. EF-40. Final Bid $575.00
Auction Information: Bowers and Merena "The Jay Roe Collection" - 10/14/2003
Lot Information
The plate coin for the second edition of Breen-Gillio. Lightly hairlined from an old cleaning, but still bright and lustrous. Leonard et al suspect that this variety consists of gold plating over a baser, red-gold core…this example gives credence to that theory, as the edges, where the plating has worn off, are much darker than the rest of the coin. Extremely rare; only 10 examples are listed in Breen-Gillio with the notation: "Much duplication here." Maker: Herman J. Brand. Edge: Plain. From Heritage''s "ANA" sale, August 22, 1985, Lot 5532.
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I did not like the Jay Roe BG-1113 piece offered in 2003 as it was cleaned/hairlined and labeled genuine by PCGS in the old rarely seen pre-2009 PCGS genuine slabs (in the XF-40 range - shown way below). But I should have bought it anyway as it went for only $575 and then 4 years later Heritage sold the same piece for $3225.75! PCGS has only graded 2 of these pieces in AU-55 and the other in Genuine (no grade) for a total of 3 in all grades/non-grades. NGC has not yet graded one. Breen-Gillio believes that the census is as many as 10 of these pieces but with "obvious" numerous duplicates. I believe there are only 5 of these pieces in existence.
This is the description of the Jay Roe piece when it sold at Heritage on May 31, 2007 === Sold for: $3,225.75
1876 $1 Indian Octagonal 1 Dollar, BG-1113, R.7, XF40 PCGS. The plate coin from the second edition of Breen-Gillio. This rare octagonal dollar is hairlined, and slightly wavy from a couple of tiny digs. Portions of the design are softly struck, but there is little evidence of wear. Listed as "EF40" in the Breen-Gillio second edition and in the Roe Collection catalog.
Ex: Anaheim ANA Signature (Heritage, 8/95), lot 5532; Jay Roe Collection (Bowers and Merena, 9/03), lot 558.
From The Diamond K Collection of California Fractional Gold. (#10924)
This is the description of the same Jay Roe collection piece when it sold in October 2003 at Bowers and Merena.
Lot #558. 1876 Octagonal $1 BG-1113. Rarity-7. Indian Head. EF-40. Final Bid $575.00
Auction Information: Bowers and Merena "The Jay Roe Collection" - 10/14/2003
Lot Information
The plate coin for the second edition of Breen-Gillio. Lightly hairlined from an old cleaning, but still bright and lustrous. Leonard et al suspect that this variety consists of gold plating over a baser, red-gold core…this example gives credence to that theory, as the edges, where the plating has worn off, are much darker than the rest of the coin. Extremely rare; only 10 examples are listed in Breen-Gillio with the notation: "Much duplication here." Maker: Herman J. Brand. Edge: Plain. From Heritage''s "ANA" sale, August 22, 1985, Lot 5532.
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Comments
I love and appreciate truly rare coins like this, and I know the feeling of finding that elusive coin - VICTORY
You know, this coin would look a lot less octagonal if they just put it in a round holder...
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>Man those things are crude. Looks like a 5 year old engraved the die. >>
You do know these coins are extremely tiny! Engraving work is actually quite phenomenol for such a small die
<< <i>
<< <i>Man those things are crude. Looks like a 5 year old engraved the die. >>
You do know these coins are extremely tiny! Engraving work is actually quite phenomenol for such a small die >>
Being somewhat crude is part of their charm.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>Being somewhat crude is part of their charm. >>
Exactly. Look at the date for one example of the crudeness.
Note: I also added more pics and descriptions from prior auctions.
I have two very important questions, though...
Is it in a "breakaway" slab?
and
Do you plan on applying the world-famous "nose grease" for full effect?
That's a great coin !
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)