Estimated grade. Sold by Bowers and Merena Nov '83 price realized $2200
David Akers (1975/88): Despite the substantially higher mintage, the 1881 is about equal in rarity to the 1880. Circulated specimens are rare, and most of the available 1881 gold dollars are uncirculated and generally very choice. The famous Leon Lindheim hoard of 54 "proofs" was purchased several years ago by Paramount. It included 46 circulation strikes and only 8 proofs. All were purchased as proofs and so it should be obvious that many deceptive first strikes exist of this date, as well as of all the other dates from 1875 to 1889. The true proofs of 1881 are distinguishable by a small unfinished area in the die between the lower left part of the D in DOLLAR and the wreath.