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Lot
2948

1853 $1 Restrike PR61 NGC....

2008 January Orlando, FL (FUN) Signature Coin Auction #454

 
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Auction Ended On: Jan 10, 2008
Item Activity: 4 Internet/mail/phone bidders
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Location:

Orange County Convention Center
North/South Building
9400 Universal Blvd.
Orlando, FL 32819

Lot Viewing, Room 220 D, E, F
Auction, Room 230 B

Description:
Very Rare PR61 1853 Seated Dollar
1853 $1 Restrike PR61 NGC. An untoned and intricately struck specimen with pleasing eye appeal for the grade. A loupe reveals faint field hairlines, but these are all that prevent a higher third party assessment. Duncan Lee published an study of the rarity of proof Seated dollars in the August 11, 2006 edition of The Coin Dealer Newsletter. Among the 34 dates in the series, the 1853 was tied with the 1843 and 1849 as the third rarest proof date. PCGS and NGC combined have certified 13 pieces, some of which may be resubmissions over the past 20 years.
All proof 1853 Seated dollars are apparently restrikes. These are identified by a trace of an extra stripe near the top of the shield from the third line of the fourth group of vertical stripes. Interestingly, most business strikes are the "Chin Whiskers" variety, and the proof restrikes also have this prominent feature. Census: 1 in 61, 4 finer (10/07).(Registry values: N7079) (NGC ID# 2527, PCGS# 6996)

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