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10259

1843 $1 PR64 NGC. In 1841, the owners of a mine in Davidson County, North Carolina sent deposits of silver to the mint in ...

2005 July San Francisco, CA (ANA) Signature Auction #382

 
Sold for: Not Sold
Auction Ended On: Jul 28, 2005
Item Activity: 2 Internet/mail/phone bidders
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Location: San Francisco, CA
Description:
Deeply Toned 1843 Proof Seated Dollar, PR64 NGC
1843 $1 PR64 NGC. In 1841, the owners of a mine in Davidson County, North Carolina sent deposits of silver to the mint in Philadelphia. The mine owners informed Mint Director Robert Maskell Patterson that future silver output would be "largely productive." This was either wishful thinking, or the owners found a closer outlet for the silver they extracted from the argentiferous carbonate of lead, as no further mention of this source of domestic silver was found in future Mint reports. In 1843, silver supplies remained a problem, with most of the bullion used by the Mint for coinage restricted to foreign bullion, Mexican silver coins, European coins, and silver plate. Nevertheless, enough silver was received by the Mint to strike more than 6 million half dollars, which were the workhorse denomination in circulation in the early 19th century. Only 165,100 business strike Seated dollars were produced with a mere handful of proofs. Only 15-25 pieces are believed to have been struck, and the 1843 is the second rarest date since the beginning of the series, second only to the 1841. The total number of proofs certified by NGC and PCGS shows that 15 pieces have been certified. However, we estimate that a significant number of these are resubmissions that have not been removed from the population reports as only five proofs have been offered at public auction since 1992.
This is a deeply mirrored proof that displays equally deep toning over each side that partially subdues the reflectivity from the coin's fields. Rich gray, golden, and lilac toning covers each side with significantly different configurations of the color schemes on obverse and reverse. Only the slightest hairlines are evident with strong magnification, again the toning is responsible for dampening the effects of past attempts at "improvement." The reverse is once again struck from the stock proof reverse used throughout the 1840s with the diagnostic dual flaws on the right side of the final A in AMERICA.
From The Dr. John L. Pellegrini Collection of Liberty Seated Dollars.(#6984)(Registry values: N10218) (NGC ID# 24ZT, PCGS# 6984)

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