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Lot
5710

1845 $1 PR67 NGC....

2013 August 8 - 10 US Coins Signature Auction - Rosemont #1188

 
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Auction Ended On: Aug 9, 2013
Item Activity: 7 Internet/mail/phone bidders
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Location: Hyatt Rosemont
6350 N. River Road
Rosemont, IL
60018
Description:

1845 Seated Liberty Dollar, PR67
Finest Known Example
Ex: Pittman-Kaufman
1845 $1 PR67 NGC. Ex: Pittman-Kaufman. Two different varieties of 1845 proof dollars are known, and the Greensboro Collection coin is easily the finest of either variety. In fact, David Akers considered it the finest proof Seated dollar from the entire decade. This incredible proof is pedigreed to the John Jay Pittman Collection, where it was part of Pittman's "Complete 1845 Proof Set in Original Case." In his discussion of this coin, David Akers wrote:

"This proof silver dollar is essentially perfect and is unquestionably the finest proof dollar of the decade that I have ever seen. It is fully struck with a sharp square edge and deep mirror fields that are immaculate and pristine. The few lines present in the fields are actually planchet lines that were not eliminated by the minting process; they are not hairlines. The toning is as extraordinary and perfect as the technical quality of the surfaces, a superb medium multicolored iridescent blend of reddish-gold, which is the predominant color, and considerate violet and blue. Every star is boldly defined with all of its radial lines, and the head and foot of Liberty are extremely sharp. All of the eagle's features and talons are also fully struck."


In addition to Akers' thorough description of this marvelous coin, we would note that the mildly frosted motifs stand out against the mirrored fields at all angles, but especially when the coin is tilted under a light source. We would also mention that the reddish-gold color alluded to by Akers dominates the central areas of both sides. This patina gives way to golden-brown, violet, and cobalt-blue at the borders. The surfaces are essentially perfect, with an entire absence of pedigree markers on either side. NGC Census: 1 in 67, 0 finer (6/13). PCGS has graded no coins above PR65 (6/13).

Two varieties of the proof 1845 dollars are known. Variety 1 has a recut date with 84 doubled. The shield point is above the serif of the 1, left of the upright. The reverse is the proof die of 1840. Variety 2 has a normal date with the shield point above the upright of the 1. The reverse is the same proof die of 1840.

The roster is ordered by quality, with the specific variety of each piece identified. Most of the 15 examples are lower-quality, including impaired pieces. This Superb Gem coin stands above all others.

Roster of Proof 1845 Seated Liberty Dollars
1. PR67 NGC. Variety 1. Waldo Newcomer (per Walter Breen); F.C.C. Boyd; World's Greatest Collection (Numismatic Gallery, 1/1945), lot 133; Adolph Friedman; ANA Convention Sale (Numismatic Gallery, 8/1949), lot 223; John Jay Pittman Collection (David Akers, 5/1998), lot 1711, as part of a complete 1845 proof set; Phil Kaufman; FUN Signature (Heritage, 1/2008), lot 3032, realized $207,000; the present coin.
2. PR66 NGC. Variety 1. Ostheimer Collection (Lester Merkin, 9/1968), lot 340; Elvin I. Unterman; U.S. & World Coins, Medals & Banknotes (Butterfield, Johnson, Gillio, 1/1996), lot 3692; E-Fair Signature (Heritage, 10/1999), lot 5319; Morris Silverman Collection (Heritage, 4/2002), lot 4073; Rod Sweet Collection (Bowers and Merena, 7/2005), lot 1006; Denver ANA Convention (Bowers and Merena, 8/2006), lot 2349. Note: In his Proof Encyclopedia, Breen recorded: "Baldenhofer, Ostheimer; LM 9/68: 140." The auction of the Baldenhofer Collection (Stack's, 11/1955) did not include a proof 1845 dollar, so this may have been a private transaction. Breen's citation of lot 140 in the Merkin sale is certainly a typographical error for lot 340.
3. PR65 NGC. Variety 2. Dallas and Newport Beach Signature (Heritage, 6/1987), lot 4372; Connoisseur's Collection (Superior, 1/1989), lot 4696; Auction '89 (David Akers, 7/1989), lot 1153; Kenneth C. Long Estate (Bowers and Merena, 5/1995), lot 1215; Pre-Long Beach Sale (Superior, 1/2004), lot 2564; Jack Lee; Internet Only Auction (Heritage, 1/2006), lot 11605; Continuous Internet Auction (Heritage, 2/2006), lot 23394; Joseph C. Thomas Collection (Heritage, 4/2009), lot 2587; Baltimore Rarities Night (Stack's Bowers, 3/2012), lot 4123.
4. PR65 NGC. Variety 1. Eric P. Newman Collection (Heritage, 4/2013), lot 3906, realized $41,125.
5. PR64 NGC. Variety 1. Amon G. Carter Family Collection (Stack's, 1/1984), lot 251; David Queller; Queller Family Collection (Heritage, 4/2008), lot 2142.
6. PR64 NGC. Variety 1. Fairchild Family Trust (Ira and Larry Goldberg, 5/2001), lot 863; Benson Collection, Part II (Goldberg, 2/2002), lot 1199; New York Signature (Heritage, 7/2002), lot 8783.
7. PR64 NGC. Variety 1. Louis E. Eliasberg, Sr.; Eliasberg Collection, Part II (Bowers and Merena, 4/1997), lot 2209; Richmond Collection (David Lawrence, 11/2004), lot 1510; Jack Lee Collection; Heritage (11/2005), lot 2232; Pre-Long Beach Sale (Ira and Larry Goldberg, 2/2009), lot 1111.
8. Choice Proof. Variety 1. James A. Stack, Sr. (Stack's, 3/1995), lot 179.
9. PR62 PCGS. Variety 1. George O. Walton Collection (Stack's, 10/1963), lot 1138; Crouch/Judd Collections (Superior, 6/1977), lot 986a; L.R. French, Jr. Family Collection (Stack's, 1/1989), lot 23; ANA Convention Sale (Heritage, 8/1995), lot 6551; Dr. John L. Pellegrini Collection (Heritage, 7/2005), lot 10261.
10. PR61 PCGS. Variety 1. California Sale (Goldberg, 10/2000), lot 1777; Exclusively Internet Auction (Heritage, 1/2001), lot 5315; J.B. Worthington Collection (American Numismatic Rarities, 5/2005), lot 332; Boston Signature (Heritage, 8/2010), lot 3297; Long Beach Signature (Heritage, 2/2011), lot 4262.
11. Proof. Variety 1. Garrett Collection (Stack's, 3/1976), lot 261.
12. Proof. Variety 2. Smithsonian Institution.
13. PR55 PCGS. Variety 1. Richard Jewell Collection (American Numismatic Rarities, 3/2005), lot 227.
14. PR55 ANACS. Variety 1. ANA Signature (Heritage, 8/1998), lot 8192.
15. PR50 SEGS. Variety 1. Pre-Long Beach Sale (Superior, 10/2000), lot 3521.

Additional Appearances
A. Proof. Variety unknown. Thomas Cleneay Collection (S.H. & H. Chapman, 12/1890), lot 974.
B. Proof. Variety unknown. Matthew Stickney Collection (Henry Chapman, 6/1907), lot 1789, sold as part of a seven-piece silver and minor proof set.
C. Proof. Variety 1. George Earle Collection (Henry Chapman, 6/1912), lot 2735, description mentions the recut 84 in the date.
D. Proof. Variety unknown. Dr. Christian Allenburger Collection (B. Max Mehl, 3/1948), lot 1033.
E. Proof. Variety 1. Charles Cass; Empire Collection (Stack's 11/1957), lot 1727.
F. Proof. Variety 2. Davis-Graves (Stack's, 4/1954), lot 1343. This is variety 2 according to Walter Breen, but was not illustrated in the Stack's catalog.
G. Proof. Variety unknown. Col. E.H.R. Green; Jack Roe (B. Max Mehl, 6/1945), lot 441; Frederic Geiss (B. Max Mehl, 2/1947), lot 339 (possibly the Amon Carter specimen).
H. Proof. Variety unknown. Jerome Kern; Golden Jubilee Sale (B. Max Mehl, 5/1950), lot 815.
I. Proof. Variety unknown. David Golding (Stack's, 6/1952), lot 236.
J. PR60 SEGS. Variety 1. Philadelphia Signature (Heritage, 8/2000), lot 5288.
K. PR55 PCGS. Variety 1. Kingswood IX (Kingswood, 4/1999), lot 222.
From The Greensboro Collection, Part IV.(Registry values: N10218) (NGC ID# 24ZV, PCGS# 6986)

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