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Lot 2422 |
1878 8TF $1 MS64 Deep Mirror Prooflike Presentation Piece ANACS....
2008 May Long Beach, CA Signature Auction #1108
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This Make Offer to Owner (MOTO) program is still in the Beta Test phase, and we would appreciate any suggestions to help us improve our system. Please email your suggestions to Webmaster@HA.com.
Heritage retains 10% of the total price as its commission (compared with a 12%-25% Buyer's Premium charged on auction transactions), from which Heritage absorbs all credit card/PayPal costs. This service is free to the buyer (no Buyer's Premium), includes a 7 day return policy, and protects the identity of both parties. Because no Buyer's Premium is charged on Make Offer to Owner transactions, auction consignment discount coupons are invalid.
Our software allows offers and counter-offers, but we suggest making your best offer the first time as most owners will not respond to low offers at all. You will receive a response or no-response email from Heritage within 72 hours.
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| Sold for: |
$19,550.00
(includes BP  ) Bid Source: N/A |
| Auction Ended On: | May 30, 2008 |
| Item Activity: |
7 Internet/mail/phone bidders
2,125 page views |
Description:
Choice Deep Mirror Prooflike 1878 Eight Tailfeathers Dollar
VAM-9 "The First Morgan Dollar Die Pair" Presentation Piece
1878 8TF $1 MS64 Deep Mirror Prooflike Presentation Piece ANACS. Ex: Leroy Van Allen Collection. VAM-9. A Top 100 Variety. Fey and Oxman (1997) call this variety "ultra-rare" and give it an R.8 ("unique or nearly unique in Mint State") rarity factor. The Top 100 Morgan Dollar Varieties authors further note that "known specimens are typically proof-like as a result of the short production life of the reverse die."The Presentation Piece designation is on the ANACS insert. Only 12 Presentation Pieces were struck and given to dignitaries, including President Rutherford B. Hayes. Four Presentation Pieces are known to survive. The Hayes specimen is a harshly cleaned AU. The current example is the finest known. Leroy Van Allen owned one other Presentation Piece, an ANACS MS62 Deep Mirror Prooflike example that brought $11,494.25 in our recent Central States Signature.
Per www.vamworld.com, "The 1878 VAM-9 Morgan Silver Dollar is the very first set of dies used to strike Morgan dollars! ... Detective work [that began with the discovery of a March 12, 1878, article in the Chicago Daily Tribune] has revealed they began striking the new Morgan coins at 3:17 PM on March 11, 1878. The combination of the die and the time is known because a reporter was present at the event and the first coins struck were presentation pieces for President Hayes. His specific coin has been preserved and studied for die features and subsequently identified as a VAM-9."
This example offers watery mirrors and decisive detail, even on the uppermost parts of the central devices. The centers are primarily silver-white, though elements of peach and blue visit the margins, and the obverse shows a measure of hazy toning. Impressive, desirable, and undeniably appealing.
This lot is accompanied by a photocopy of ANACS certificate E-5740-E from 8/8/1980, identifying the present coin as a proof, and a photocopy of a handwritten letter by Walter Breen regarding the present lot. The text of the letter states:
"Boston ANA 1982
To whom it may concern:
This certifies that I have examined the accompanying coin and that I unhesitatingly declare it a genuine 1878 eight tailfeathers proof, VAM 9, the die of the President Hayes coin and of the other presentation strikings of March 11, 1878, in the same die state (The business strikings from these dies are all later, showing cracks though letters not present on the proof.)
Respectfully submitted
Walter Breen."
From The Leroy Van Allen Collection, Part Two. (#97073)
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We changed the way we image slabbed coins on February 1, 2010, in order to get a more accurate image of the coin. To get the sharper details and more accurate colors we have focused the lighting on the actual coin, which has caused the top of the holders to appear darker and milky. Please disregard the color of the holders when examining the images.
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