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Lot
2236

1848 $1 PR66 NGC. Although the mintage is not specifically known, 25 to 35 examples seems to be a good estimate, and it is...

2005 November Dallas, TX Signature Auction #388

 
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Auction Ended On: Nov 3, 2005
Item Activity: 5 Internet/mail/phone bidders Number of Bidders
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Description:
Remarkable Gem Proof 1848 Seated Liberty Dollar
1848 $1 PR66 NGC. Although the mintage is not specifically known, 25 to 35 examples seems to be a good estimate, and it is this estimate that was noted by Dave Bowers in his Silver Dollar Encyclopedia. At the time these Proof coins were struck, distribution was to the occasional collector who would walk in the front doors of the Mint in Philadelphia, as well as presentation pieces to contemporary VIPs, either by the individual coin or by complete sets. One finer example of this Proof issue has been certified by NGC, and these two coins represent the finest known examples. PCGS has not grading anything finer than PR63. Our research leads us to the conclusion that less than a dozen examples of this Proof Silver Dollar are known.
We have differentiated nine pieces in our Census, along with 10 additional auction records. In addition to this example, we have recorded the following different specimens: Smithsonian Institution; Starr, lot 591; Pittman, lot 1678; Eliasberg, lot 2215; Carter, lot 256; Silverman, lot 4076; Sweet, lot 1009; and Pellegrini, lot 10263. A gunmetal-blue and violet center is framed with champagne-golden color on the obverse, the reverse exhibits a vertical streak of steel-blue with russet shades at either side. A pristine example of this supreme rarity. Population: 1 in 66, 1 finer (10/05).
Ex: ANA Auction (Heritage, 7/1997), lot 6521.
From The Jack Lee Collection, III(#6989) (Registry values: N10218) (NGC ID# 24ZY, PCGS# 6989)

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