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Lot
1236

1858 $1 PR64 NGC....

2010 March Fort Worth, TX Signature ANA US Coin Auction #1138

 
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Auction Ended On: Mar 25, 2010
Item Activity: 12 Internet/mail/phone bidders
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Location: Fort Worth Convention Center
1201 Houston Street
Fort Worth, TX 76102
Description:
Important PR64 1858 Seated Dollar
1858 $1 PR64 NGC. Breen-5456, Reverse of 1857. The mintage of this proof-only issue is variously estimated at from 225 to 300 pieces or a bit more, up considerably from the figure of 80 pieces that was touted by many numismatic scholars, apparently dating all the way back to the famous Chapman brothers coin dealers. It is the sole proof-only issue among Liberty Seated dollars and, as Bowers says, "This is the Liberty Seated series' counterpart to the Proof-only 1895 dollar in the Morgan series." The present-day Guide Book gives a figure of 300 pieces, apparently based on the research of Liberty Seated specialist Weimar White (Bowers, Silver Dollars & Trade Dollars of the United States).
Whatever the true number, this issue is the object of intense desire among numismatists, even those who, to paraphrase Bowers further, will never own another Liberty Seated dollar. And it is certain to remain an elusive rarity in the future. In PR64 condition, NGC and PCGS have certified 17 coins, with 13 pieces finer (4/09). The present example offers lovely pink-champagne and gold surfaces with brilliant luster and a superlative strike. The Reverse of 1857 can be distinguished by a bit of die rust on the L in DOL. and on the rim below. A significant opportunity for the Seated dollar specialists, or just for collectors who genuinely love truly rare coins. Census: 12 in 64, 9 finer (2/10).(Registry values: N4719) (NGC ID# 252C, PCGS# 7001)

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