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Lot
6641

1859 $1 PR65 NGC. This proof Silver Dollar issue is among our favorites. So little is known about the die combination of t...

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

 
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Auction Ended On: Jul 29, 2005
Item Activity: 3 Internet/mail/phone bidders
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Location: San Francisco, CA
Description:
Gem Proof 1859 Seated Dollar
1859 $1 PR65 NGC. This proof Silver Dollar issue is among our favorites. So little is known about the die combination of this date, and the scarcity of survivors presents quite a challenge to even the most dedicated researcher. Based on our findings, there seems to be only one obverse die for this issue, and it is easily identifiable by repunching on the base of the 1 in the date. The reverse die that the Mint used to strike this particularly coin displays remnants of an inner circle at the denticles above the UNI in UNITED. An originally preserved Gem, both sides are awash in lavender-charcoal hues with blushes of cobalt-blue tinting toward and around many of the peripheral devices. There are no areas of bothersome striking incompleteness, and distracting handling marks are also conspicuous by their absence. Pedigree concerns compel us to mention a well concealed planchet flaw (as struck) in the left reverse field that has toned a little darker than the other surface areas. Although Mint records record an original mintage of 800 pieces for the proof 1859 Seated Dollar, fewer than 450 examples are believed to have been sold. The balance of the production run was melted at year's end.(#7002)(Registry values: N4719) (NGC ID# 252D, PCGS# 7002)

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