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Lot
2137

1840 $1 PR62 NGC....

2008 April Rosemont, IL (CSNS) Signature Coin Auction #1104

 
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Auction Ended On: Apr 17, 2008
Item Activity: 9 Internet/mail/phone bidders
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Location: Rosemont, IL
Description:
Elusive PR62 1840 Seated Dollar
Struck From Non-Restrike Dies
1840 $1 PR62 NGC. The majority of proof Seated dollars dated between 1840 and 1850 share a common reverse die identified by die chips or lumps on the final A in AMERICA. During his study of the proof Seated dollar series, Walter Breen described a shared reverse die, considering it a "restrike" die, used to produce a series of proof restrikes including coins dated throughout the 1840s. Current research suggests that Breen's explanation may be incorrect. During the 1840s and 1850s, common proof reverse dies are observed in several different denominations of copper, silver, and gold. It is now thought that the Mint created and preserved special dies intended solely for the production of proof coins, and that those coins should be classified as "originals."
The 1840 provides an exception in that some proofs are known from a different reverse die, although the majority of 1840 proofs are from the shared die. The obverse of this coin displays several curved lathe lines on the shield beneath LIBERTY and the reverse has several die lines from the dentils over (STAT)ES O(F), characteristic of the second and rarer variety. The present specimen features deep apricot patina and is crisply struck. A strong lens is required to locate the few faint field hairlines. Census: 4 in 62, 18 finer (2/08).
From The Queller Family Collection of Silver Dollars.(Registry values: N7079) (NGC ID# 24ZP, PCGS# 6981)

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