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USA George T. Morgan Pattern $100 Gold Union 1876 NGC Ultra Cameo Gem Proof Box & COA

This stunning pattern comes in a beautiful wood presentation case and has been encapsulated by Numismatic Guaranty Corporation (NGC) as Ultra Cameo Gem Proof and was produced under license from the Smithsonian Institution.
SKU: 1876_USA_11247 
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America's Lost Masterpiece, Designed and proposed by George T. Morgan in 1876, this Special Edition $100 Union pattern was finally brought to completion in 2009, struck from one ounce of .999 fine gold. The $100 Union was first proposed by bankers and businessmen in San Francisco in 1854 to facilitate large monetary transactions in California. The proposal was defeated by Eastern Congressmen who felt such coinage was unnecessary because banknotes were widely accepted in other areas of the country and that these large denomination coins were just not needed. In 1877 Chief Engraver William Barber under the direction of Mint Director Henry Linderman prepared dies for two slightly different designs of Half Union ($50) coins. A few trial pieces were struck in late 1877, but legislation to issue such coins for circulation was never approved. The unique pieces of each design struck in gold were reportedly destroyed around 1880 but surfaced in a privately held collection in 1909. In 1910, both gold Half Unions were sold to William Woodlin of New York for an astounding $10,000 each, a record at that time! Once it was known that pieces still existed, Woodlin received considerable pressure from Government authorities to return the coins to the Mint. In 1910, the two $50 Gold Half Unions were returned in exchange for an enormous amount of pattern coins held in possession of a former Director of the Mint. As a result, the two unique Half Unions now reside in the National Collection at the Smithsonian Institution in Washington, D.C. $100 Unions were never struck in any form by the U.S. Mint or by private concerns during the gold rush days in California. However, detailed drawings of such a coin were found in a recently discovered sketch book produced by U.S. Mint Chief Engraver George T. Morgan. These previously unknown drawings make a case that there may have been some discussion to issue not only Half Union ($50) gold coins, but also a Union ($100) gold coin in the 1870's.
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