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