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Lot
7171

1851 S$1 RESTRIKE

1997 September Long Beach Sale #178

 
Sold for: Not Sold
Auction Ended On: Sep 12, 1997
Item Activity: 3 Internet/mail/phone bidders
126 page views
Location: Long Beach, CA
Description:
Choice Proof Restrike 1851 Seated Dollar
1851 Restrike PR 64 NGC. Centered Date. Norweb. A deeply reflective proof striking that is draped in delicate gray-golden shades of color with an occasional splash of light blue at the margins. Previously sold in the Norweb III Auction with extensive cataloging notes, which we reprint here in part:
"No records were kept concerning the production of this issue, but it may have been the case that the obverse die was originally made in 1851, but not used then, and subsequently pressed into service, circa 1858-60, to make restrikes (Walter Breen suggests this on pages 438-439 of his Encyclopedia of U.S. and Colonial Coins).
"...the two original obverse dies made in 1851 [may have been] both intended for business strikes, and the unused one was of the business strike format and was never used at all. Later, circa 1858-1860, a new die was created. However, this is conjecture.
"The restrike is immediately visible as having a "centered date," in comparison to the "high date" of the original. The number of such restrikes made is not known, but apparently fewer than 20 exist at the present time, so the number could not have been large--say 30 or so--for as such pieces were deliberately struck for collectors, and not for circulation, one can believe that nearly all were saved."
A rare and valuable date in the always-popular Seated dollar series and a seldom-offered opportunity, this only being the second such piece we have offered for public sale in the past six years.
Ex: Norweb III (B&M, 11/88), lot 3798; purchased by Albert Fairchild Holden from Henry Chapman on November 20, 1908. (NGC ID# 2524, PCGS# 6993)

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