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Lot
2348

1859 $1 PR66 PCGS....

2008 April Rosemont, IL (CSNS) Signature Coin Auction #1104

 
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Auction Ended On: Apr 17, 2008
Item Activity: 8 Internet/mail/phone bidders
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Location: Rosemont, IL
Description:
Outstanding 1859 PR66 Dollar
The Norweb Coin
1859 $1 PR66 PCGS. Ex: Norweb. The 61st edition of A Guide Book of United States Coins (2008) states that 800 proof dollars were struck in 1859, apparently in hope that the public, which was becoming increasingly interested in numismatics, would buy them. In his Silver Dollars and Trade Dollars of the United States, however, David Bowers says: "... today the issue is quite rare, and it is likely that 450 or fewer were actually distributed. Even that figure may be on the high side. There were hardly 450 numismatists in 1859 interested in buying proof dollars from the Mint."
Light magenta in the central areas of this Premium Gem proof changes to steel-blue, then to gold-beige at the margins. A powerful strike imparts virtually complete delineation to the design elements, and both sides reveal impeccable preservation, further enhancing the coin's eye appeal. In sum, an outstanding coin from a great collection!
Purchased by Albert Fairchild Holden, ca. 1908; Norweb III (Bowers and Merena, 11/1988), lot 3808.(Registry values: N7079) (NGC ID# 252D, PCGS# 7002)

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