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Lot
2604

1844 $1 PR64 NGC....

2010 January Orlando, FL FUN US Coin Auction #1136

 
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Auction Ended On: Jan 7, 2010
Item Activity: 10 Internet/mail/phone bidders
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Location: Orlando, FL
Description:
Rare, Early Proof 1844 Seated Dollar, PR64
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 30 pieces with Bowers coming down (as usual) on the higher end of this range. Many, if not most, Seated dollars produced for circulation from the 1840s were usually struck with a semiprooflike 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 lines. 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. A very rare opportunity to acquire an early proof Seated dollar. Census: 2 in 64, 1 finer (11/09).(Registry values: N10218) (NGC ID# 24ZU, PCGS# 6985)

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