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Lot
3949

1850 10C PR67 NGC....

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

 
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Auction Ended On: Oct 18, 2012
Item Activity: 8 Internet/mail/phone bidders
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Location: Dallas Convention Center
650 S. Griffin Street
Dallas, TX 75202

Description:

The Kaufman 1850 Seated Dime, PR67
Sole Finest Certified by a Wide Margin
1850 10C PR67 NGC. The Kaufman 1850 proof dime is the only known example graded PR67, and also the only proof that has received the special NGC Star designation. The mintage of the 1850 proof dime is unknown, but was undoubtedly minimal. Our roster lists just six different examples, along with three others that probably represent other auction appearances of the same coins.
In his October 1997 Pittman Collection catalog, David Akers wrote:

"... certainly no more than four or five (exist). Most of the recent great sales containing important Dime collections were lacking this date in Proof with the exception of the Floyd Starr collection sale in 1992, which contained a Choice Proof, and the Allen Lovejoy Collection in 1990, which contained a Proof that had formerly been in the Ellis Robison Collection. Norweb, Garrett, Eliasberg, Bareford, and James Stack, great collections with outstanding rarities and many Proofs, all failed to have an example of this date in Proof."


NGC and PCGS population data support the rarity of the 1850 proof. Both services have graded a total of just five pieces. The NGC-graded Superb Gem Kaufman piece is the finest certified and possesses the coveted Star designation. NGC has also seen one each in PR63 and PR64, while PCGS reports one each in PR64 and PR66.

1850 Proof Dime Roster
1. PR67 NGC. Phil Kaufman Collection Part Two / FUN Signature (Heritage, 1/2008), lot 3034. The present specimen, which appears to match none of those below.
2. PR67. J.C. Morgenthau (1/1943); Floyd Starr (Stack's, 10/1992), lot 367.
3. PR65. French (2/1959), lot 861; John Jay Pittman (Akers, 10/1997), lot 605.
4. PR61. Stack's (2/1974), lot 1254; Ellis Robison (Stack's, 2/1982), lot 1058; Allen Lovejoy (Stack's, 10/1990), lot 253.
5. Proof. Essex Institute (Stack's, 2/1975), lot 493; Stack's (12/1982), lot 304; Stack's (10/1997), lot 463.

Additional Appearances
A. PR66 PCGS. Virgil Brand; New Netherlands Coin Company (52nd Sale, 12/1958), lot 451; Pennsylvania Cabinet; Bowers and Merena (1/1999), lot 1086; Bowers and Merena (8/1999), lot 108. New Netherlands sold this coin as a proof in 1958. PCGS certified the coin as MS66 for the January 1999 Bowers and Merena offering. Seven months later, it appeared in another Bowers and Merena sale, certified as PR66 PCGS.
B. PR63 NGC. Heritage (10/1990), lot 546.
C. Proof. Paramount (5/1982).
D. Proof. New England (7/1978), lot 465.

On the present incredible example light to medium reddish-gold toning dominates the obverse, joined by splashes of cobalt-blue, violet, and crimson at the left and lower border. The reverse displays light aqua-blue patina, accented with soft beige-gold undertones. The strike is full throughout both sides, and impeccably preserved surfaces offer considerable contrast, especially on the reverse. The obverse has a small identifying lint mark over star 4.
From The Greensboro Collection, Part I. (NGC ID# 23C6, PCGS# 4737)

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