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Lot
3552

1854 $1 PR64 Ultra Cameo NGC....

2012 March 8-11 US Coin Signature Auction - New York #1168

 
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Auction Ended On: Mar 8, 2012
Item Activity: 8 Internet/mail/phone bidders Number of Bidders
390 page views
Location: Ukrainian Institute of America at The Fletcher-Sinclair Mansion
2 East 79th Street
New York, NY 10075

Description:
1854 Ultra Cameo PR64 Seated Dollar
Ex: Allenburger/Pittman
1854 $1 PR64 Ultra Cameo NGC. The 1854 proof Seated Liberty dollar was produced in small numbers, with an estimated mintage of 50-100 pieces. The dollars were sold as part of complete proof sets and as single pieces to interested collectors. Walter Breen estimated the surviving population at two dozen examples in all grades. This is the only proof Cameo or Ultra Cameo coin certified at NGC (2/12). PCGS has yet to certify any specimens as Deep Cameo.
All proof 1854 dollars show a small triangular defect in the obverse field, near the top of the 5 in the date. Another interesting feature that appears on this coin, and many others, is a patch of mint frost beneath Liberty's chin that gives the goddess a "bearded" appearance.
The present coin traces its provenance to the famous Pittman Collection, one of the finest numismatic gatherings of all time. John Jay Pittman was a connoisseur of the first order, and his eye for quality led to many long-held fortuitous purchases. This delightful Choice example is sharply detailed in most areas, but shows the characteristic softness on the eagle's wing. The fields are deeply mirrored, and display hints of attractive light gold toning. The best pedigree markers are a diagonal mark extending into the left (facing) eagle's wing from the reverse field and a pair of lint marks between stars 2 and 3. This coin possesses high technical quality and tremendous eye appeal, along with its distinguished history.
Ex: Royal Sale/Allenburger Collection (B. Max Mehl, 3/1948), lot 1130; John Jay Pittman Collection (David Akers, 5/1998), lot 1686, realized $19,800. (PCGS# 96997)

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