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Lot
3034

1850 10C PR67 NGC....

2008 January Orlando, FL (FUN) Signature Coin Auction #454

 
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Auction Ended On: Jan 10, 2008
Item Activity: 7 Internet/mail/phone bidders
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Location:

Orange County Convention Center
North/South Building
9400 Universal Blvd.
Orlando, FL 32819

Lot Viewing, Room 220 D, E, F
Auction, Room 230 B

Description:
Resplendent 1850 Dime, PR67
Finest Certified Example
1850 10C PR67 NGC. Ex: P. Kaufman. 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 very low. Our roster lists just six different examples, along with three other appearances that probably represent other auction appearances of the same coins.

In his October 1997 catalog of the Pittman Collection, David Akers says:

"... 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 two PR63 examples, while PCGS reports a PR64 and a PR66 specimen.

The following roster of 1850 proof dimes is based on our comprehensive survey of auction records:

1. PR67 NGC. The Kaufman coin, which does not appear to match any of the following pieces.

2. PR67. J.C. Morgenthau (1/1943), lot 367; Floyd Starr (Stack's, 10/1992), lot 367.

3. PR65. French's (2/1959), lot 861; John Jay Pittman (David 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.

Light to medium reddish-gold toning dominates the obverse of this incredible 1850 proof, which is joined by splashes of cobalt-blue, violet, and crimson at the left and lower border. The reverse takes on more of a light aqua-blue appearance, accented with soft beige-gold undertones. A powerful strike brings out full definition on each and every design element, and impeccably preserved surfaces offer considerable contrast, especially on the reverse. The obverse has a small identifying lint mark over star 4.
From The Phil Kaufman Collection of Early Seated Proof Sets, Part Two. (NGC ID# 23C6, PCGS# 4737)

View all of [The Phil Kaufman Collection of Early Seated Proof Sets, Part Two ]
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