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Lot
2396

1857 $1 PR65 NGC....

2009 March Baltimore, MD Signature US Coin Auction #1126

 
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Auction Ended On: Mar 29, 2009
Item Activity: 4 Internet/mail/phone bidders
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Location:

Sheraton Inner Harbor
300 S. Charles Street
Baltimore, MD 21201
(410) 962-8300
Auction Room: Meeting Room "Severn 1"

Description:
Elusive 1857 Seated Dollar, PR65
1857 $1 PR65 NGC. Although proof mintages prior to 1858 are lost to today's collectors, Bowers (Silver Dollars and Trade Dollars of the United States, 1993) estimates an original mintage of 50-100 pieces for the proof 1857 Seated dollar and claims the issue is "more available than the 1855, but scarcer than the 1856." He also warns that many prooflike 1857 business strikes masquerade as proofs. This example shows faint evidence of the diagnostic "beard" below Liberty's chin, ensuring the NGC attribution. This is a conditionally rare member of a very scarce issue; the NGC Census Report reveals four examples in PR65, with just four finer (2/09). Neither side reveals any conspicuous handling marks, and the finish shows faint cameo tendencies over the devices and legends. Pinpoint detail is seen on all design elements, and the surfaces offer gray-rose toning in the centers, with cobalt-blue at the margins.(Registry values: N7079) (NGC ID# 252B, PCGS# 7000)

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