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Lot
3961

1842 $1 PR62 PCGS....

2009 January Orlando, FL FUN Auction #1121

 
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Auction Ended On: Jan 8, 2009
Item Activity: 2 Internet/mail/phone bidders
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Location:

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

Description:
The Pittman Proof 1842 Seated Dollar, PR62
1842 $1 PR62 PCGS. The date is centered in the space between the base of Liberty and the border, and slants minutely down to the right. The shield point is over the extreme left serif of the 1, and the left base of the same digit is over the center of a dentil. The reverse is the die of 1840 with two small defects on the right diagonal of the final A.
The 1842 Seated dollar is a rare issue in proof, with perhaps 10 pieces existing. David Akers estimated 10 to 12 pieces in the Pittman catalog, while Dave Bowers estimated seven to 14 in his Silver Dollar Encyclopedia. Among the surviving examples are one in the Smithsonian Institution and one in the American Numismatic Society. Other important pieces include the Norweb and Carter specimens.
Both sides of this fully mirrored proof have deeply reflective fields with satiny, reflective devices, all beneath translucent champagne toning. Some hairlines and contact marks are visible, especially in the fields. A line near star 2 matches the Pittman plate and identifies the provenance of this piece. The top edge of the left (facing) wing is weak, but all other design details are quite sharp.
Ex: Lester Merkin (9/1967), lot 271; Lester Merkin (10/1969), lot 376; John Jay Pittman (David Akers, 5/1998), lot 1673; Morris Silverman (Heritage, 4/2002), lot 4072; Bowers and Merena (5/2004), lot 253; Rod Sweet Collection (Bowers and Merena, 7/2005), lot 1003.
From The Estate of Jack Lee Collection.(Registry values: N7079) (NGC ID# 24ZS, PCGS# 6983)

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