1876/5 Gold Dollar - BG-1128

Coin Details

Auction Record

$5,175 MS64 09-01-2002 Heritage Auctions

Description

The 1876 California Fractional Gold Dollar (BG-1128) is an octagonal gold piece measuring approximately 15 to 16 millimeters in diameter — comparable in size to a modern cent. Produced during the later period of California fractional gold coinage, this piece reflects the continued market for small gold coins on the Pacific Coast, whether for everyday transactions, souvenirs, or the jewelry trade. Like the majority of California fractional gold pieces, this coin bears a Liberty Head portrait on its obverse, executed in the miniaturized style necessitated by the tiny planchet. The reverse presents the denomination value and date, typically encircled by a laurel or oak wreath. The octagonal format is one of the distinctive hallmarks of California fractional gold coinage, distinguishing these pieces from conventional round coins and adding visual interest that has long attracted collectors. This variety displays an overdate (1876/5), where a new date was punched over an earlier date already present in the die. Overdates in the California fractional gold series provide evidence of die reuse — a practical economy measure by the private coiners who manufactured these pieces. The traces of the underlying date are typically visible upon close examination, and overdate varieties are sought by specialists for the insight they provide into production practices.

Rarity Notes

Available in the California fractional gold market. Period Two pieces are the most frequently encountered fractional gold issues, though condition and specific variety affect value significantly. The 1876/5 overdate is a collected variety that typically brings a premium over non-overdate issues of the same year and denomination.

Cross References

BG-1128; Breen-Gillio catalog; PCGS #10939; NGC #502128; California Fractional Gold Dollar; Octagonal; Period Two (1859–1882)