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10270

1854 $1 PR62 PCGS. The 1854 Seated dollar is seldom seen in circulated grades, much less in Mint State. Apparently, the va...

2005 July San Francisco, CA (ANA) Signature Auction #382

 
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Auction Ended On: Jul 28, 2005
Item Activity: 5 Internet/mail/phone bidders
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Location: San Francisco, CA
Description:
Pleasing 1854 Dollar, PR62 PCGS
1854 $1 PR62 PCGS. The 1854 Seated dollar is seldom seen in circulated grades, much less in Mint State. Apparently, the vast majority of this issue was sent to the Orient to be used as "Trade dollars," and never returned to this country. For these reasons the proofs are important to modern collectors as they can serve as a substitute for the rare business strikings. Of the 50 to 100 proofs estimated to have been struck, perhaps 25 to 40 are extant today. Even that estimate may be on the high side, as only 14 proofs have been certified in all grades by PCGS (6/05).
The surfaces of this piece have taken on a cloudy grayish-blue patina, and the reflective fields contrast nicely with the moderately frosted devices. The design elements are sharply struck, with the only weakness occurring at the top of the eagle's right wing, which is typical for the issue. A few wispy handling marks are noted in the fields. This is a special Seated dollar and a coin sure to generate much interest among bidders.
From The Dr. John L. Pellegrini Collection of Liberty Seated Dollars.(#6997)(Registry values: N4719) (NGC ID# 2528, PCGS# 6997)

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