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Lot
5231

1859 $1 PR65 Ultra Cameo NGC....

2011 April Rosemont CSNS Signature & Platinum Night US Coin Auction #1154

 
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Auction Ended On: Apr 28, 2011
Item Activity: 13 Internet/mail/phone bidders
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Location: Donald E. Stephens Convention Center
5555 N. River Road
Rosemont, IL 60018
Description:
1859 Gem Proof Ultra Cameo Seated Dollar
Of the Greatest Rarity
1859 $1 PR65 Ultra Cameo NGC. In the case of the business strike and proof mintages for the 1859 Seated dollar, both are deceptively high for the number of survivors today. Mint Director James Ross Snowden apparently anticipated that a great many more collectors would order silver dollars from the Mint than actually did so. The original mintage was 800 proofs, but a more realistic estimate is that 450 pieces were eventually distributed, and the remainder melted. This starkly contrasted white-on-black Cameo dollar is totally brilliant throughout and fully struck in all areas. A shallow, linear depression in the upper reverse field is the only surface disturbance worthy of note, and that appears to be Mint-created. Of the highest rarity both as an Ultra Cameo and a Gem, this is the only 1859 dollar so graded with one piece finer (3/11). (PCGS# 97002)

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