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1843 $1 PR64 NGC....

2009 August Los Angeles, CA US Coin Auction #1128

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Auction Ended On: Jul 31, 2009
Item Activity: 7 Internet/mail/phone bidders
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Hyatt Regency Century Plaza
2025 Avenue of the Stars
Los Angeles, CA 90067

The Pittman-Kaufman 1843 Seated Dollar, PR64
1843 $1 PR64 NGC. Ex: Pittman-Kaufman. This is a fabulous coin that ranks among the finest known. Its pedigree traces to the John Jay Pittman Collection that included a complete 1843 proof set in its original case of issue.
The 1843 proof dollar is very rare. David Bowers, in his Silver Dollars & Trade Dollars of the United States, estimates that 15 to 25 pieces were struck, and that between five and nine pieces have survived to the present day. Walter Breen, in his Proof Encyclopedia, enumerates eight specimens. David Akers (1997) agrees with these figures and indicates that he has personally seen six different examples, with the possible existence of a "few more." The certified population of 12 specimens is more or less in concert with the foregoing estimates, though some coins are likely resubmissions.
Our research has identified five separate examples of certified 1843 proof dollars:

1. PR64 NGC. The Kaufman coin.
Judge Joseph F. Sawicki (May 10, 1948); John Jay Pittman Collection (David Akers, 10/1997), lot 832 (part of an 1843 proof set); Phil Kaufman (Heritage, 7-8/2008), lot 1810.
2. PR64 NGC. Dr. John L. Pellegrini Collection (Heritage, 7/2005), lot 10259; Heritage (1/2007), lot 1060.
3. PR64 NGC. Frederic W. Geiss Collection (B. Max Mehl, 2/1947), lot 337; Floyd T. Starr Collection (Stack's, 10/1992), lot 583; David Queller Collection (Heritage, 4/2008), lot 2140.
4. PR63 NGC. Will W. Neil Collection (B. Max Mehl, 7/1947), as part of lot 2292; Amon G. Carter, Jr. Family Collection (Stack's, 1/1984), lot 249; Kenneth C. Long Estate Collection (Bowers and Merena, 5/1995), lot 1213; Bowers and Merena (8/1998), lot 236; Richmond Collection, Part II (David Lawrence Rare Coins, 11/2004), lot 1508.
5. PR63 PCGS. Rod Sweet Collection (Bowers and Merena, 7/2005), lot 1004.

A mélange of violet, sky-blue, reddish-gold, and golden-orange patination adorns both sides of this near-Gem proof, being somewhat softer in hue in the fields. The toning does not completely mask the mirrors of the latter, hence a degree of contrast with the motifs is evident when the coin is tilted slightly beneath a light source. A solid strike lends exceptional detail to the design elements, including complete separation of Liberty's foot, sandal, and straps, and bold ribbing on the reverse leaves and arrow heads. A minute mark to the right of star 9 aids in identifying the coin.
From The Bay State Collection, Part Two.(Registry values: N10218) (NGC ID# 24ZT, PCGS# 6984)

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