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PCGS Certifies Type 2 $1 Gold<br />
Piece Full Brockage Reverse<br />
by Mike Byers<br />
This unbelievable U.S. Gold Brockage<br />
recently surfaced at the 2009 ANA held in<br />
Los Angeles. It was authenticated and certified<br />
by PCGS years ago, but had not been offered for<br />
sale until the convention. The dealer who sold it<br />
had it in his personal collection for over 20 years<br />
and never displayed it at coin shows. It traded<br />
hands twice, for $90,000 and then $100,000.<br />
To date, this is only the second known full<br />
brockage on a U.S. gold coin to be authenticated<br />
and graded by a major third party grading<br />
service. The other known full brockage<br />
is also on a $1 gold piece and was<br />
authenticated and certified by NGC.<br />
It is an 1874 type 3 $1 gold piece.<br />
The type 3 $1 referred to in this article is an<br />
obverse brockage of the reverse design. Once<br />
again, some collectors will refer to it as a reverse<br />
brockage since the brockage is of the reverse<br />
design.<br />
Regardless of how dealers and collectors<br />
describe these two gold brockages, they are<br />
among the rarest and most coveted of all U.S.<br />
major mint errors.<br />
Having any major gold error on a<br />
Type 2 $1 gold piece is incredible<br />
since they were struck for only 3<br />
years. Even a regular Type 2 $1<br />
gold piece which is circulated can<br />
easily bring $1,000.<br />
Some collectors will refer to the<br />
Type 2 $1 as an obverse brockage<br />
since the brockage is the incuse<br />
design of the obverse. But this is not<br />
correct. It is referred to as a reverse<br />
brockage since the brockage is on the<br />
reverse.<br />
Page 28<br />
minterrornews.com
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