There are currently no items available for purchase in this Department. Search our Auction Archives below to find item values.
Opening Bid
:
Current Bid:
Reserve Amount:

You are the current high bidder on this lot with a secret maximum bid of %bidPretty%.
(%bidBP% w/Buyer's Premium (BP) ).


Notice: You are the current high bidder on this lot, but the next highest bid is within one increment. That means that any additional bids on this lot will outbid you. To increase your chances of winning, enter your highest maximum bid.

You are the current high bidder on this lot with a secret maximum bid of %bidPretty%.
(%bidBP% w/Buyer's Premium (BP) ).

You are the current high bidder on this lot.
(Sign-In to see your maximum bid)

Your secret maximum bid of %bidPretty% has been outbid.

Your secret maximum bid of %bidPretty% does not meet the reserve.

(Sign-In to see your maximum bid)

Your secret maximum bid does not meet the reserve.
(Sign-In to see your maximum bid)

Lot
6367

1840 $1 PR64 PCGS. Struck from a previously unrecorded ...

2004 August Pittsburgh, PA Signature Sale #352

 
Sold for: Sign-in or Join (free & quick)
Claim Item: Sign-in or Join (free & quick)
Auction Ended On: Aug 19, 2004
Item Activity: 2 Internet/mail/phone bidders
349 page views
Location: Pittsburgh, PA
Description:
Exceedingly Rare, Choice Proof 1840 Seated Liberty Dollar
1840 $1 PR64 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 we have previously handled two different proof 1840 Dollars struck from two distinct reverse dies, we do not know whether 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 struck from dies that show die rust throughout the reverse field. The absence of this feature in the field of the PR61 coin suggests that this near-Gem was struck at a later date. This is a richly toned example with olive and lavender-gray color over mottled electric-blue and orange-gold undertones. The reflective qualities are evident at a few angles, the crisply impressed devices are fully appreciable. Identifiable by an obverse lintmark that connects the two denticles below the 8 in the date.
It has been suggested that the original mintage (61,005 pieces) of the 1840 Seated Dollar accounts for 61,000 business strikes and five proofs. Judging by current NGC and PCGS population data, however, it seems likely that the Mint produced more than five proof Silver Dollars in this, the first year of the type. The exact number of coins delivered is not known with certainty, but it seems probable, despite what Bowers says in his 1993 encyclopedia, that some of the examples extant are restrikes. Nevertheless, it is probable that no more than 20 proof Seated Dollars dated 1840 were produced. Some of the 34 coins known to NGC and PCGS (7/04) are highly likely resubmissions. (#6981) (Registry values: N7079) (NGC ID# 24ZP, PCGS# 6981)

View large image(s) of this item

Service and Handling Description: Coin/Currency (view shipping information)

Sales Tax information  | PCGS Guarantee of Grade and Authenticity  |  Terms and Conditions

Bidding Guidelines and Bid Increments

Guides and Pricing Information:

Previous Prices from Heritage Auctions
Sign-in or Join (free & quick)
Price Guide
Sign-in or Join (free & quick)
Population Guide
Sign-in or Join (free & quick)
Find Auction Prices for Comparable Items:

Photographs:
Sign-in or Join (free & quick) to see the full image



FLOOR AUCTIONS View All
Open For Bidding
Coming Soon
HERITAGE MEMBERSHIP
881,884
bidder-members
$972,548,131
sold in the last year
VIEW BENEFITS
  1. Past Auction Values (prices, photos, full descriptions, etc.)
  2. Bid online
  3. Free Collector newsletter
  4. Want List with instant e-mail notifications
  5. Reduced auction commissions when you resell your
    winnings 
CONSIGNMENTS WANTED
Only 24 days left to consign to the 2014 November 6 - 10 US Coins Signature Auction - Beverly Hills!
Learn About Consigning With Us
In arriving at the selection of Auctioneer, ANA has considered primarily the reputation, proficiency, and character of the Auctioneer and its ability to provide personnel of corresponding quality.
The American Numismatic Association,
Colorado Springs, CO
HA.com receives more traffic than any other auction house website. To compare for yourself, visit: compete.com
Take our 2014 Coin
and Currency Survey
Grand prize:
A Certified Uncirculated
1907 High Relief $20!*
Take the Survey
HERITAGE VIDEO TUTORIAL
GETTING THE MOST OUT OF SEARCH
RECENT AUCTIONS
2014 August 5, 7 & 9 ANA US Coins Signature Auction - Chicago
2014 August 5, 7 & 9 ANA US Coins Signature Auction - Chicago
REALIZED $36,096,003
2014 August 8 ANA World and Ancient Coins Platinum Night Auction - Chicago
2014 August 8 ANA World and Ancient Coins Platinum Night Auction - Chicago
REALIZED $10,501,015
2014 August 6 ANA Currency Platinum Night Auction - Chicago
2014 August 6 ANA Currency Platinum Night Auction - Chicago
REALIZED $2,960,604