Undocumented 1991 Princess Kaiulani Akahi Gold Crown with First Day of Issue Counterstamp

I’ve been monitoring an item listed on eBay since mid-November. It finally got sold. It was a 1991 Princess Kaiulani Akahi Gold Crown. 1 ounce of 0.9999 gold. This coin is listed in  Waifs in Gold Boots (Royal Hawaiian Mint (RHM) Database). This coin looked  intriguing.

When I first observed the coin I believed it was a gold plated silver 1991 Princess Kaiulani, but it was not.

Click image to enlarge.

kai1

An astute Hawaiiana collector should have spotted the “1” on the reverse indicating it’s an uncirculated gold specimen. The “1”  is a unique identifier for the uncirculated version of the gold coin. The proof gold version would have a raised engraving pad used for serialization (1 to 400) for the 1991 Princess Kaiulani 5-piece gold proof set. The uncirculated Princess Kaiulani gold coins had a limited mintage of 55 and makes it uncommonly rare. Yes, 55 specimens.

What makes this coin more intriguing is the First Day of Issue (FDI) counterstamp (1990 Queen Liliuokalani IKI  on the obverse and a Day of Issue  3-9-91 on the reverse). This is the first time I have encountered a RHM gold coin with FDI counterstamp.

By combining the two attributes (gold coin with 55 mintage and with FDI counterstamp), you can get a feel of its rarity.

Now the question of the day is:  ‘How many of the 55 specimens were struck with a FDI counterstamp? ” I’m taking a guess that it’s minuscule (since its not listed in Waifs in Gold Boots). Whatever the answer is…this gold coin is extremely rare.

Below is the same coin in my collection without the FDI counterstamp.

goldcrown