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Lot
4333

1846 $1 PR66 NGC....

2013 April 24 - 28 CSNS US Coin Signature Auction - Chicago #1184

 
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Auction Ended On: Apr 25, 2013
Item Activity: 8 Internet/mail/phone bidders
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Location: Renaissance Schaumburg Convention Center Hotel
1551 North Thoreau Drive
Schaumburg, IL 60173

Description:

Premium Gem Proof 1846 Seated Dollar
Single Finest Certified
Ex: Kaufman
1846 $1 PR66 NGC. This 1846 proof dollar is one of the most important offerings out of the famous Phil Kaufman collection. Not only does it display great eye appeal and technical quality, but it is the finest known example of this date, of which there are a relatively large number compared to other proofs struck in the 1840s.

Two obverse dies were used for the 1846 proof dollar. One is referred to as a "blundered date," which was first entered too low and obliquely, then partially effaced and corrected. Parts of the upper digits 846 show at the bottoms of the primary date. Walter Breen (1988) says it is surprising that this die would have been approved for use on proofs. In the April 1997 write-up of the Louis Eliasberg 1846 proof dollar, David Bowers says the repunched die was apparently retired after a few dozen impressions were made. A second obverse die shows no repunching, and is sometimes referred to as the "perfect date." This coin represents the "blundered date" with the undertype clearly visible at the bottom of the numerals.

NGC and PCGS have certified a total of 23 1846 proof dollars. Coins graded by the former service include this PR66 specimen, seven near-Gems, two PR63's, and one each PR62, PR61,and PR55. PCGS has seen one PR65, three near-Gems, two PR63's, and one each PR61, PR58, and PR55. PCGS has also certified a single PR64 Cameo (3/13). An unknown number of these are likely resubmissions.

The design elements are fully struck on this delightful Premium Gem. The rims are squared off, and the dentilation is bold. Splashes of low-intensity gold, yellow-green, orange, cobalt-blue, and lavender are concentrated in the fields, while the high points of the central devices assume a soft mauve patina. Impeccably preserved surfaces enhance the previously-mentioned attributes. The only pedigree identifier that we can locate is a faint linear mark on the right (left facing) hand. This is a most impressive coin that is sure to capture the attention of Seated Liberty proof aficionados. Census: 1 in 66, 0 finer (3/13).
Ex: Phil Kaufman; Central States Signature (Heritage, 4/2008), lot 2387, realized $92,000.
From The Greensboro Collection, Part III.(Registry values: N10218) (NGC ID# 24ZW, PCGS# 6987)

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