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Lot
1151

1849 $1 PR65 NGC....

2009 August Los Angeles, CA US Coin Auction #1128

 
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Auction Ended On: Jul 31, 2009
Item Activity: 7 Internet/mail/phone bidders
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Location:

Hyatt Regency Century Plaza
2025 Avenue of the Stars
Los Angeles, CA 90067

Description:
The Garrett-Pittman Gem Proof
1849 Seated Dollar
1849 $1 PR65 NGC. Ex: Pittman-Richmond. The obverse has a tiny imperfection within the triangular opening of the 4. Tiny projections or rust pits are attached to the tips of three dentils below and left of the 1. The reverse is the usual proof die that has two tiny defects on the right diagonal of the final A.
The number of surviving 1849 proof Seated dollars is unknown, although various past estimates have placed the quantity in the range of six to 10 examples. David Akers claimed just six proofs survive, while Walter Breen recorded eight in his Proof Encyclopedia. Our roster below provides an accounting of eight different pieces that have appeared at auction since the arrival of third-party grading in 1986:

1. PR67 NGC.
Phil Kaufman (Heritage, 4/2008), lot 2392.
2. PR65 NGC. J.C. Randall (W. Elliot Woodward, 9/1885), lot 73; Garrett Collection (Stack's, 3/1976), lot 266; John Jay Pittman (David Akers, 5/1998), lot 1679; Richmond Collection (David Lawrence, 11/2004), lot 1514; Jack Lee Collection (Heritage, 11/2005), lot 2237, which realized $80,500. The present coin.
3. PR65 PCGS.
Frederick Geiss (B. Max Mehl, 2/1947), lot 344; Floyd T. Starr (Stack's, 10/1992), lot 592; Larry Share Collection; American Numismatic Rarities (1/2005), lot 680; American Numismatic Rarities (7/2005), lot 1308.
4. PR65 NGC. Louis E. Eliasberg, Sr. (Bowers and Merena, 4/1997), lot 2216; Heritage (8/1998), lot 8195; Rod Sweet Collection (Bowers and Merena, 7/2005), lot 1010.
5. PR64 NGC. Amon Carter Collection (Stack's, 1/1984), lot 257; Queller Family Collection (Heritage, 4/2008), lot 2146; Joseph C. Thomas Collection (Heritage, 4/2009), lot 2590.
6. PR64 NGC. Kenneth C. Long (Bowers and Merena, 5/1995), lot 1219; Heritage (1/1996), lot 5638; Heritage (9/1997), lot 7170; Dr. John L. Pellegrini Collection (Heritage, 7/2005), lot 10264.
7. PR58 PCGS. Heritage (8/2004), lot 6368.
8. Impaired Proof. Stack's (10/2000), lot 1240.

This piece is boldly struck with excellent obverse and reverse details, including bold rims and borders, sharp head details, complete feather details, and sharp claws and leaves. The powder-blue toning is accompanied by traces of tan-gold and forest-green, with considerable remaining silver brilliance. The fields are fully mirrored around lustrous devices, with considerable cameo contrast.
From The Bay State Collection, Part Two.(Registry values: N10218) (NGC ID# 24ZZ, PCGS# 6990)

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