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Lot
6502

1852 S$1

2001 Atlanta, GA Signature Sale #267

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Auction Ended On: Aug 9, 2001
Item Activity: 5 Internet/mail/phone bidders
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Location: Atlanta, GA
Description:
Rare 1852 Seated Dollar
1852 $1 Restrike PR62 PCGS. Instantly recognized as a rarity in the years immediately preceding the Civil War, the 1852 Seated Dollar was restruck in proof format to satisfy demand from collectors who needed a representative of this low mintage issue. There has been some confusion in recent years regarding the status of many proof 1852 Seated Dollars. Unlike the 1851 restrikes, those dated 1852 were struck from the same obverse die as the business strikes and original proofs. Nonetheless, we have determined the present example to be a restrike; the reverse die is the same as one of the two used to produce the 1851 restrikes. The most readily identifiable features of this die are the rough, unfinished areas between shield stripes 5, 6, and 7. Both sides are uniformly reflective, yet not quite bright enough to warrant a higher grade. There are, however, relatively few noticeable hairlines, and the devices are typically sharp for a specimen striking. Pedigree concerns compel us to mention a small planchet rift (as struck) on the reverse over and below the O in ONE.
From the Richard Genaitis Collection. (NGC ID# 2525, PCGS# 6995)

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