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1853 10C Arrows PR66 NGC....

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


PR66 1853 Arrows Dime
Likely Sole Finest Known
1853 10C Arrows PR66 NGC. We last handled this piece in the first part of Phil Kaufman's amazing run of proof Seated coinage. The Kaufman coin, certified PR66 by NGC, is either the finest known 1853 Arrows proof dime or tied for finest known (see below). The exceptional mirrors and amazing eye appeal make this piece a treat for the connoisseur, and the first-year Arrows design adds to its cachet among type collectors. Walter Breen put an estimate of five proofs struck for the 1853 Arrows dimes; no proofs of the No Arrows design are reported.
The certified populations are rather mysterious for this issue; NGC lists a total of six grading events for the issue, including three in PR66 (almost certainly duplications), one in PR65, and two in PR63. PCGS records a single example in PR61. Despite these seven submissions, we are aware of no auctions of another 1853 Arrows proof dime since the previous offering of the Kaufman sale.
We disagree with the belief of some numismatists that the 1853 proofs are "unintentional" pieces struck from dies that were resurfaced and polished to remove clash marks. Muted clash marks are present near Liberty's right leg and drapery, and inside the right branch of the wreath. Die resurfacing will remove these clash marks and other die defects, but an unavoidable consequence is the removal of shallow design elements. Careful observation of this proof shows complete design elements on each side, entirely ruling out the possibility of die resurfacing.
Both sides of this boldly struck piece are sharp and complete. The mirrored fields are full and deep beneath bright champagne color with splashes of iridescent toning on both sides.
Ex: Phil Kaufman Collection Part One / Milwaukee ANA Signature (Heritage, 5/2007), lot 1784, which brought $97,750.
From The Greensboro Collection, Part I. (NGC ID# 23CE, PCGS# 4742)

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