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Lot
3947

1848 10C PR66 NGC. CAC....

2012 October 18-21 ANA US Coins Signature Auction - Dallas #1175

 
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Auction Ended On: Oct 18, 2012
Item Activity: 6 Internet/mail/phone bidders
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Location: Dallas Convention Center
650 S. Griffin Street
Dallas, TX 75202

Description:
1848 Seated Dime, PR66
Single Finest Certified
1848 10C PR66 NGC. CAC. The mintage of proof 1848 Seated Liberty dimes was unrecorded, 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 surviving, 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 (8/12). 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 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 the 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.
From The Greensboro Collection, Part I. (NGC ID# 23C4, PCGS# 4735)

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