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Lot
2392

1849 $1 PR67 NGC....

2008 April Rosemont, IL (CSNS) Signature Coin Auction #1104

 
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Auction Ended On: Apr 17, 2008
Item Activity: 5 Internet/mail/phone bidders
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Location: Rosemont, IL
Description:
Marvelous 1849 Dollar, PR67
The Finest Known
1849 $1 PR67 NGC. Ex: P. Kaufman. This is a fabulous coin, and the finest known of perhaps seven or so examples. A true favorite of Phil Kaufman because of the flawless fields and extraordinarily beautiful original toning. NGC has certified just three PR67 Seated dollars dated from 1840 to 1855, and all three were part of the Phil Kaufman Collection. David Bowers, in Silver Dollars and Trade Dollars of the United States (1993), estimates an 1849 proof dollar mintage of eight to 12 pieces, and a survival rate of five to eight coins. David Akers (1998) agrees with those estimates and indicates that he has been able to identify only six distinct coins, with the possible existence of another one or two specimens.
Our research has uncovered seven different 1849 proof dollars:

1. PR67 NGC. The Kaufman coin.

2. PR65 NGC. John Work Garrett Collection (Stack's, 3/1976), lot 266; John Jay Pittman Collection (David Akers, 5/1998), lot 1679; Richmond Sale II (David Lawrence Rare Coins, 11/2004), lot 1514; Heritage (11/2005), lot 2237.
3. PR65 NGC. Louis E. Eliasberg, Sr.; Eliasberg Estate (Bowers and Merena, 4/1997), lot 2216; Rod Sweet Collection (Bowers and Merena, 7/2005), lot 1010. The coin is identifiable by a pair of contact marks over and behind the back of Liberty's head.
4. PR64 NGC. Dr. John Pellegrini Collection (Heritage, 7/2005), lot 10264.
5. PR63 PCGS. Kenneth C. Long Estate Collection (Bowers and Merena, 5/1995), lot 1219.
6. Choice Brilliant Proof. Floyd T. Starr Collection (Stack's, 10/1992), lot 592.
7. PR58 PCGS. 2004 ANA sale (Heritage, 8/2004), lot 6368. For pedigree purposes, we note on the plates a couple of small contact marks on Liberty's upper right (left facing) shoulder, and one left of the eagle's beak.

Additional Appearances
A. PR65 NGC. 1998 ANA (Heritage, 8/1998), lot 8195. Diagonal (northwest-southeast) hairlines in the fields of both sides are visible on the plates.
B. PR63 NGC. 1996 FUN Sale (Heritage, 1/1996), lot 5638; September 1997 Long Beach Sale (Heritage, 9/1997), lot 7170. Horizontal hairlines in the fields of both sides are visible on the plates.

Gorgeous toning enriches both sides of this marvelous Superb Gem proof. Splashes of aqua-blue, lavender, and golden-tan toning concentrate in the fields, taking on slightly deeper hues on the reverse. The Liberty motif is a soft blue-green, while the eagle and its shield are a mix of reddish-gold and blue-green. A solid strike imparts full delineation on the design elements, further adding to the coin's already outstanding eye appeal. Impeccably preserved surfaces preclude the identification of even the slightest pedigree marker. The beauty and rarity of the Kaufman coin cannot help but ensure spirited bidding.
From The Phil Kaufman Collection of Early Seated Proof Sets, Part Three.(Registry values: N14284) (NGC ID# 24ZZ, PCGS# 6990)

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