Welcome Sign-In | Join Now
Sold for Sign-in or Join (free & quick) includes Buyer's Premium (BP) 


Select Proof 1842 Seated Dollar, Ex: Larry Share

1842 $1 PR63 NGC. Ex: Share Collection. Proof Seated dollars from 1842 are certainly more frequently seen than the previous year's proof dollars and are only marginally more available than the 1840 issue. However, the absolute rarity of the 1842 proof dollar is best exhibited by the estimates of survivors given by experts who have studied this fascinating series. David Akers (in his catalog of the Pittman Collection) suggested a population of 10-12 coins, while Bowers and Borckardt estimated 7-14 examples are extant today as recognizable proofs. Only eight pieces have been certified by both NGC and PCGS, with two other PR63 coins by NGC and two finer, while PCGS has not graded any in PR63 with one finer (6/05).
All 1842 proofs, and most business strikes of this date, were struck from a single pair of dies. The main diagnostics of these coins include: horizontal die file marks around Liberty's left (facing) hand and a cluster of near-vertical ones at the crook in Liberty's right (facing) arm on each side of the pole. The reverse die is that which Breen describes as the reverse of 1842-1852; Bowers calls it the reverse of 1840-1850. Since most business strikes and all proofs were struck from this obverse die, the characteristics of the reverse die are all the more important if one has any doubt about the status of an 1842 dollar. The primary characteristics of this reverse die include:

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.
The fields on each side display deep reflectivity that could only be found on proof coinage. The surfaces are bright with evidence of light hairlines, which account for the grade. There are three small planchet flaws on Liberty's neck, and a semi-circular planchet lamination in the lower right obverse field--both of which will serve as useful pedigree identifiers for some future cataloger/researcher. The centers are generally free from color with rich russet and cobalt-blue toning scattered around the margins.
From The Dr. John L. Pellegrini Collection of Liberty Seated Dollars.(#6983)(Registry values: N7079) (NGC ID# 24ZS, PCGS# 6983)

View all of [The Dr. John L. Pellegrini Collection of Liberty Seated Dollars ]

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

Sales Tax information  | NGC Coin Grading Guarantee  |  Terms and Conditions

Bidding Guidelines and Bid Increments

Glossary of Terms

Auction Info

Auction Dates
July, 2005
Internet/Mail/Phone Bidders: 2
Members Tracking: N/A
Page Views: 475

Buyer's Premium per Lot:
15% of the successful bid (minimum $9) per lot.

Heritage membership

sold in the last year

Join Now - It's Free

  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

Consignments wanted

Only 41 days left to consign to the 2015 December 10 - 12 World Coins Signature Auction - Hong Kong!

Learn about consigning with us

Your performance in handling auctions should be used as industry standards for other auction companies to rise to!
G.D. ,
Albany, NY
View More Testimonials receives more traffic than any other auction house website. To compare for yourself, visit:

Video tutorial

Getting the most out of search

Recent auctions

2015 August 12 - 16 ANA US Coins Signature Auction - Chicago
2015 August 12 - 16 ANA US Coins Signature Auction - Chicago
REALIZED $34,887,709
2015 August 13 ANA World and Ancient Coins Platinum Night Auction
2015 August 13 ANA World and Ancient Coins Platinum Night Auction
REALIZED $9,688,775
2015 August 13 ANA Currency Platinum Night Auction - Chicago
2015 August 13 ANA Currency Platinum Night Auction - Chicago
REALIZED $1,870,380

© 2015 Heritage Auctions | All Rights Reserved