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Description

Rarely Seen 1844 Proof Seated Dollar--One of the Finest Known

1844 $1 PR64 NGC. As one would expect, the 1844 Seated dollar is a rare coin in proof format. Mintage estimates vary between 15 and 20-30 pieces with Bowers coming down (as usual) on the higher end of this range. According to our records we have only offered three other 1844 proofs in the past ten years, with a total of 10 pieces appearing in major auctions. Many, if not most, Seated dollars from the 1840s were struck with a semi-prooflike finish in the fields. Usually there is little confusion between business strikes and proofs, but in case there is a question about the status of any 1844 dollar, it can be quickly determined. Business strikes of this date have four elements in the vertical stripes on the obverse shield, whereas proofs display three elements. In the November 1977 Gobrecht Journal there was a report of almost two dozen three-element 1844 dollars, all grading Fine or less. This, of course, brings up the question of whether these pieces may have been circulated proofs. This report has not been confirmed since.
One does not need to count the number of elements on the obverse shield to know that this is an unquestioned proof. The fields display the deep reflectivity that only a proof coin possesses. Additionally, the design shows pinpoint striking definition in all areas. Close examination shows light hairlining, but the effects are greatly minimized by the rich golden-brown and blue toning seen on both obverse and reverse. Another very rare opportunity to acquire an early proof Seated dollar. Population: 2 in 64, 1 finer (6/05).
From The Dr. John L. Pellegrini Collection of Liberty Seated Dollars.(#6985)(Registry values: N10218) (NGC ID# 24ZU, PCGS# 6985)

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

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Auction Dates
July, 2005
27th-30th
Internet/Mail/Phone Bidders: 3
Members Tracking: N/A
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