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Lot
4070

1840 $1 PR61 PCGS. Struck from a previously unrecorded ...

2002 April Columbus, OH (CSNS) Signature Sale #288

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Auction Ended On: Apr 25, 2002
Item Activity: 3 Internet/mail/phone bidders
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Location: Columbus, OH
Description:
Numismatically Significant Proof 1840 Seated Dollar
1840 $1 PR61 PCGS. Struck from a previously unrecorded reverse die, with the following diagnostics:

1. The first crossbar in the shield extends into the eagle's left (facing) wing.

2. The final element of stripe 2, and the first and third elements of stripe 3 penetrate the innermost shield border.

3. The final two elements of stripe 1 penetrate solidly to crossbar 5.

4. The first element of stripe 2 penetrates to crossbar 2.

Breen (1977, 1988) describes two reverse dies for this issue: B-1, which Bowers (1993) does not credit, and B-2, with the following diagnostics:

1. Two defects, joined, appear as projections on the right side of the final A in AMERICA.

2. Each of the three elements in the vertical shield stripes extend into the crossbars with the sole exception of the final element in stripe 4.

3. The final element of stripe 1 extends to crossbar 3.

Breen suggests that both originals and restrikes were made from this reverse die, which the Mint also used to produce most proof Seated Dollars dated 1841-1850, and at least one example of the proof 1852 (the ANS specimen).
As this PR61 specimen, as well as the PR64 coin following, were struck from a distinct reverse die, we do not know whether or not they are originals produced in 1840 or restrikes of a later date. A closer examination of other proof 1840 Seated Dollars, as well as other proof Silver Dollars of the 1840s-1850s is required before we can make a definite determination. This coin is uniformly brilliant in finish with scattered hairlines beneath mottled champagne-gold patina. The reverse field is free of die rust save for a small lump below the left base of the N in UNITED (see the following description for a comparison with the PR64 specimen in the Silverman Collection). Fully struck throughout. (NGC ID# 24ZP, PCGS# 6981)

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