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Lot
2238

1850 $1 PR66 NGC. Breen-5443. Recut 0 in Date. As noted in the pedigree below, this is the Schaeffer, Starr, Silverman, Sw...

2005 November Dallas, TX Signature Auction #388

 
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Auction Ended On: Nov 3, 2005
Item Activity: 4 Internet/mail/phone bidders
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Location: Dallas, TX
Description:
The Floyd Starr 1850 Proof Seated Dollar
1850 $1 PR66 NGC. Breen-5443. Recut 0 in Date. As noted in the pedigree below, this is the Schaeffer, Starr, Silverman, Sweet Specimen. Although still a major rarity, the Proof Seated Dollars of this date are more plentiful than the dates in the 1840s. It may be the case that 30 to 40 such coins survive today, although much further study is needed. The obverse has an Open 5 and recutting on the digit 0, and this example has the reverse used throughout the 1840s, with two small projections on the right side of the final A. This issue is not as rare as the early dates, but is still infrequently encountered. There is no evidence of die cracks or other defects that would suggest production at a later date. Some Proof examples from this die marriage are known with obverse cracks, suggesting they may have been restrikes, produced years later.
The present example is undoubtedly an original of the Open 5 variety. There is no crack through the base of the date. The obverse portrait is modestly frosted, the balance of the features are reflective beneath a dusting of original dove-gray and steel-blue patina. A wholly original Gem with a needle sharp strike. Identifiable by a small obverse toning spot on Liberty's torso and four planchet voids (as struck) in the reverse field: two above the ES in STATES, one above the T in UNITED, and the final one below the first A in AMERICA.
Ex: T.J. Schaeffer, Noble, PA; Floyd T. Starr (Stack's, 10/1992), lot 593; Morris Silverman Collection (Heritage, 4/2002), lot 4077; Rod Sweet Collection (Bowers and Merena, 7/2005), lot 1011.
From The Jack Lee Collection, III(#6991) (Registry values: N10218) (NGC ID# 2522, PCGS# 6991)

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