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Lot
3149

1848 10C PR66 NGC. CAC....

2012 January 4-8 US Coins & Platinum Night FUN Signature Auction- Orlando #1166

 
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Auction Ended On: Jan 4, 2012
Item Activity: 5 Internet/mail/phone bidders
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Location: Orange County Convention Center
North/South Building
9899 Universal Blvd.
Hall SB - South Building
Orlando, FL 32819

Description:
1848 Seated Dime, PR66
Possibly 10 Examples Extant
Finest Certified Specimen
1848 10C PR66 NGC. CAC. The mintage of proof 1848 Seated Liberty dimes was not recorded, as such coins were not offered commercially until 1858. These coins were referred to as "specimen" pieces at the time, and only the occasional example was struck by special order for some visiting dignitary, or to commemorate an important event. Writing in 1988, Walter Breen estimated eight coins were still extant, including some impaired specimens. PCGS has currently certified only four pieces, none finer than PR65, but the CoinFacts site estimates the surviving population at 10 examples in all proof grades. Meanwhile, NGC has graded 10 coins total, with two in PR66, and this coin, the finest known, at PR66 (11/11). This is the only CAC-endorsed PR66 with one coin finer. It is likely that the NGC total includes some duplicate submissions.
The present coin is a spectacular Premium Gem, with razor-sharp definition on all the design elements. All star centrils are complete, Liberty's foot shows separation from the sandal, and the ribbon bow is strongly impressed on the reverse. The 1 in the date shows signs of recutting, and the date slopes slightly down. The silver center yields to iridescent shades of champagne-gold and cobalt-blue on the obverse, while the reverse is lighter, with less blue. The pristine surfaces are brightly reflective and eye appeal is outstanding. This combination of rarity, highest available quality, and tremendous visual appeal is seldom encountered.
Ex: Sale 447 (J.C. Morgenthau, 1/1943), lot 442; Floyd T. Starr Collection (Stack's, 10/1992), lot 365; Dr. Richard Ariagno Collection (Ira & Larry Goldberg, 5/1999), lot 237; Pre-Long Beach Sale (Ira & Larry Goldberg, 6/2002), lot 2149.
Seller is donating a portion of their proceeds, and Heritage is donating the same portion of the Buyer's Premium, from the sale of this lot to the National Numismatic Collection at the Smithsonian Institution. See page 3 for details.
(NGC ID# 23C4, PCGS# 4735)

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