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Lot
3615

1853 $1 Restrike PR61 NGC....

2010 January Orlando, FL FUN US Coin Auction #1136

 
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Auction Ended On: Jan 8, 2010
Item Activity: 4 Internet/mail/phone bidders
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Location: Orlando, FL
Description:
Toned 1853 Restrike PR61 Dollar
1853 $1 Restrike PR61 NGC. Because of their tiny business strike mintages, the 1851 and 1852 command a great deal of attention when they appear at auction. But the proofs for those dates are actually more available than for most pre-1858 dates. The 1853 is a reversed situation. It has a business strike mintage of 46,110 pieces, which is low but much larger than the combined 1851 and 1852 emissions. Business strikes are relatively plentiful, at least in grades through XF. Proofs are a completely different matter. Duncan Lee, in his August 2006 supplement to the Coin Dealer Newsletter, lists the 1853 as tied for third place for proof rarity within the entire Seated dollar series.
Apparently, no original proof 1853 silver dollars were made in that year. David Bowers (2006) writes: "In later times, collector demand arose for them, and it is believed that 12 Proofs were made from a new 1853-dated obverse die circa 1862-1863." Splashes of gunmetal-blue and soft purple toning visits the luminous surfaces of this specimen. Exquisitely struck except for softness on Liberty's foot. A few minor handling marks are noted. Census: 1 in 61, 4 finer (11/09).(Registry values: N7079) (NGC ID# 2527, PCGS# 6996)

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