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Lot
7637

1851 S$1 Restrike PR62 NGC. Richmond Collection. The 1851 Seated dollar is a confusing date in the series, whose understand...

2005 St. Louis, MO (CSNS) Signature Auction #372

 
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Auction Ended On: May 5, 2005
Item Activity: 7 Internet/mail/phone bidders
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Location: St. Louis, MO
Description:
Very Rare 1851 Seated Dollar, PR62
1851 $1 Restrike PR62 NGC. Richmond Collection. The 1851 Seated dollar is a confusing date in the series, whose understandability is hampered even more by the infrequency that these pieces were offered. In short, there were 1,300 business strikes produced. That is certain, but after that matters become more cloudy. Allegedly original proofs were struck, but Bowers claims these are really misattributed restrikes or first-strike business strikes. It appears that some 50-100 restrikes were produced in 1858 or later to satisfy collector demand for this date. Much has been made about the centering of the date or its closeness to the rock above the exergual area, but until someone proves definitively that a true, non-die clashed proof with a high date exists, we will assume that the few proofs that are known are all restrikes.
This is a deeply mirrored example that has light, even, golden-brown toning over each side. A few small contact marks are located in the fields, the most notable seen to the right of Liberty's shin, another to the left of the eagle's beak, and a third below the left leg of the second A in AMERICA. A lovely example of this very rare and highly sought-after Seated dollar. Population 5 in PR62, 10 finer (4/05).(#6993) (Registry values: N7079) (NGC ID# 2524, PCGS# 6993)

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