Description
This is a 1954 CRADLE OF THE UNION GOLD ALBANY SO-CALLED $1, NGC PF-63 CAM; FEW KNOWN-RARE! HERE IS ONE OF THE HOLY GRAILS OF THE SO-CALLED DOLLAR SERIES!
MINTED IN 1954 AT THE U.S. MINT, TO COMMEMORATE THE 200TH ANNIVERSARY OF THE ALBANY (NY) CONGRESS, MOST OF THESE WERE COINED IN BRONZE. FEWER WERE DONE IN SILVER, AND A MERE 50 WERE STRUCK IN GOLD. ACCORDING TO THE 2008 HIBLER-KAPPAN REFERENCE, THESE MEDALS WERE STRUCK TO HONOR THE FIRST AMERICAN CONGRESS WHICH BENJAMIN FRANKLIN PRESENTED THE FIRST PLAN OF FEDERAL UNION, AUTHENTIC FORERUNNER OF THE ARTICLES OF CONDERATION OF 1776, AND THE UNITED STATES CONSTITUTION OF 1787. THESE MEDALS ORIGINALLY SOLD FOR $68.75, A CONSIDERABLE SUM OF MONEY FOR A MEDAL IN 1954. SURVIVAL ESTIMATES ARE BETWEEN 11-20 PIECES, WITH MAYBE HALF OF THIS TOTAL ACCOUNTED FOR IN PRIOR AUCTION APPEARANCES. WE HAVE HEARD UNOFFICIAL ESTIMATES OF GOLD CONTENT AT 1.67 OZ OF FINE GOLD, WHICH GIVEN ITS LARGE DIAMETER IS PROBABLY ACCURATE. THE COMPOSITION IS .900 GOLD, AND THE HK CATALOG # IS HK-511. THE COIN HAS DEEPLY MIRRORED FIELDS WITH LIGHTLY CAMEO DEVICES PROVIDING NICE CONTRAST. SOME LIGHT HAIRLINES IN THE FIELDS ACCOUNT FOR THE TECHNICAL GRADE. EYE APPEAL IS EXCELLENT. THIS IS ONE OF THE RAREST OF ALL SO-CALLED $1s, AND IT MAY BE A LONG WHILE BEFORE ANOTHER ONE BECOMES AVAILABLE TO THE MARKET.
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