1867 GOLD G$1, TYPE 3 PR65+ Deep Cameo

GEM DEEP CAMEO PROOF SURFACES. SOLE HIGHEST GRADED WITH CAC APPROVAL. ONLY 50 STRUCK. CAC. In 1867, the US purchased Alaska from Russia for $7 million, inwhat contemporaries termed “Seaward’s Folly” after the Secretary of State thatnegotiated the acquisition. The purchase, while approved by Senate, the voteonly won by one vote. The purchase was made valuable in 1898 when gold wasdiscovered in the territory leading to an influx of settlers. And while naturalresources of Alaska alone make the purchase a good one, perhaps its greatestvalue came during the Cold War when the US did not have to worry about aRussian base directly above capable of launching nuclear weapons at any moment.This 1867 gold dollar recalls a land purchase that would continue to prove itsworth. <o:p></o:p>