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1852 $1 Restrike PR64 NGC....

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

 
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Auction Ended On: Apr 17, 2008
Item Activity: 6 Internet/mail/phone bidders
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Location: Rosemont, IL
Description:
Choice Proof 1852 Seated Dollar
1852 $1 Restrike PR64 NGC. Only one obverse die was apparently made, and it was used for business strikes in addition to all proofs, whether original or restrike. According to Q. David Bowers (1993), a number of different reverse dies were used to strike proofs. Diagnostics are given for several of those dies, but few of those diagnostics are clear-cut.
Duncan Lee, in the August 2006 supplement to the Coin Dealer Newsletter, makes an understatement. "There exists some confusion regarding the status of originals and restrikes, and much more research in this area is required. However, most reverse[s] seen have been from the same dies as the proof 1859 specimen."
Lee gives no diagnostics for the proof 1859 reverse, and the cataloger again turns to Bowers' useful silver dollar Encyclopedia. He lists two proof dies for 1859, one as "no description on hand" and the other as "reverse 2 of 1858." Bowers' proof reverse 2 for 1858 includes a diagnostic that matches the present example. There is a light inner circle on the denticles above the NI in UNITED. A faint die line passes downward through several vertical stripes within the eagle's shield, which matches a diagnostic given for Bowers' 1852 proof variety 3.
If the reverse die is the same as that used to strike 1859 proofs, then the present piece is probably a restrike, as stated by the NGC insert. But as Bowers wrote in 1993, "more than for any other date in the Liberty Seated series dated in the 1850s, research [of proof restrikes] needs to be done on the 1852."
Most collectors of proof Seated dollars choose to collect one of each date, and are uninterested in gathering duplicates from a different reverse die. Collectors instead seek a single, high quality specimen. This lovely near-Gem will satisfy any numismatist, since it lacks abrasions and features original and attractive peripheral forest-green, rose-red, and autumn-gold toning. Mild cameo contrast is evident, and imperfections are limited to the strike, which is slightly soft on the stars and the eagle's left (facing) ankle. Census: 6 in 64, 2 finer (2/08).
From The Queller Family Collection of Silver Dollars.(Registry values: N10218) (NGC ID# 2525, PCGS# 6995)

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