1859 $1 PR67 NGC....
Exquisite PR67 1859 Seated Dollar1859 $1 PR67 NGC. The 2010 Guide Book reports that 800 Seated dollars were struck in proof format in 1859. David Bowers writes in his 1993 Silver Dollars and Trade Dollars of the United States that:
"... many Proofs were made this year in the hope that the public, which was becoming increasingly interested in numismatics, would buy them. Today, the issue is quite rare, and it is likely that 450 or fewer were actually distributed. Even that figure might be on the high side. There were hardly 450 numismatists in 1859 interested in buying Proof dollars from the Mint. However, enough coins survive today to indicate that 450 is a reasonable estimate of distribution."
While the 1859 Seated dollar has hundreds of certification events, Superb Gems are rarities; the sole finest example is a PR67 Cameo coin certified by PCGS, and four NGC-graded PR67 pieces follow, of which only two were awarded the Star designation (6/09).
This Superb Gem proof with Star designation displays light gold-beige patination around the peripheries that transitions into medium intensity cobalt-blue in the central areas. A splash of purple is visible on the lower half of Liberty, and a blush of lilac occupies the area around the eagle's head and neck. Complementing the exquisite toning pattern is a penetrating strike that brings out virtually complete delineation on the design elements. Both faces are impeccably preserved, and yield modest field-motif contrast when the coin is tilted slightly under a light source. A wonderful coin overall.
Purchased by Albert Fairchild Holden, ca. 1908; Norweb I (Bowers and Merena, 11/1988), lot 3808.
From The Bay State Collection, Part Two.(Registry values: N10218) (NGC ID# 252D, PCGS# 7002)
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