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Lot
4351

1869 $1 PR66 Ultra Cameo NGC....

2013 April 24 - 28 CSNS US Coin Signature Auction - Chicago #1184

 
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Auction Ended On: Apr 25, 2013
Item Activity: 7 Internet/mail/phone bidders Number of Bidders
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Location: Renaissance Schaumburg Convention Center Hotel
1551 North Thoreau Drive
Schaumburg, IL 60173

Description:
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1869 Ultra Cameo PR66 Seated Dollar
Remarkable Contrast, Ex: Silverman
1869 $1 PR66 Ultra Cameo NGC. We were able to trace this amazing Ultra Cameo dollar back to our offering of the Morris Silverman Collection in April 2002. In that historic offering of silver dollars, we described the coin at that time as:

"A simply breathtaking Gem, both sides are devoid of both toning and post-striking impairments. The fully struck devices are heavily frosted above unfathomably deep fields. There are several small planchet voids (as produced) in the fields on both sides, none of which are individually bothersome. As befits a specimen striking, the definition is sharp, if not complete in all areas. The 1869 is not especially rare as a proof (at least when compared to earlier proofs in the Seated Dollar series), but examples that grade finer than PR64 are elusive.

"The reverse die used to strike this coin was heavily polished, with the result that the bottom edge of the scroll on which IN GOD WE TRUST is inscribed is attenuated below the first and final letters. In addition, there are several unfinished areas within the reverse shield stripes. Apparently, most proof 1869 Seated Dollars were produced from this die marriage."



This remarkable dollar remains as visually impressive as it was 11 years ago. Since then, only two other PR66 Ultra Cameo coins have been certified by NGC, and only one example of this date is finer (3/13).
Ex: Morris Silverman Collection/Central States Signature (Heritage, 4/2002), lot 4098, where it brought $33,350.
From The Greensboro Collection, Part III.(Registry values: N7079) (PCGS# 97017)

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