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Lot
1727

1848 $1 PR62 PCGS....

2007 Milwaukee, WI (ANA) Signature Coin Auction #444

 
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$25,000
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Offers to date: $16,560 on November 7, 2009
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Auction Ended On: Aug 9, 2007
Item Activity: 4 Internet/mail/phone bidders
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Location: Milwaukee, WI
Description:
Extremely Scarce 1848 Seated Dollar PR62
1848 $1 PR62 PCGS. Proofs from the 1840s of any denomination are of the utmost rarity, only being struck by the Philadelphia mint at the request of the handful of influential collectors from the period or as a presentation piece for a dignitary or high government official. Experts have estimated the number of 1848 proof dollars issued at between 25 and 35 pieces and it is believed as few as 15-18 specimens survive today as recognizable proofs. This somewhat mishandled specimen is layered in violet-gray patina, with flashes of steel-blue found primarily in the areas surrounding the devices. Light hairlines and contact marks are present on both sides, the most noticeable being an extended mark to the right of the date. Population: 2 in 62, 3 finer (7/07).
(Registry values: N7079) (NGC ID# 24ZY, PCGS# 6989)

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