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1239

1859 $1 PR67 PCGS. CAC....

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

 
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Auction Ended On: Mar 25, 2010
Item Activity: 14 Internet/mail/phone bidders
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Location: Fort Worth Convention Center
1201 Houston Street
Fort Worth, TX 76102
Description:
1859 Seated Dollar, PR67
Astonishing Quality and Eye Appeal
1859 $1 PR67 PCGS. CAC. The 2010 Red Book reports that 800 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."


In any event, NGC and PCGS have certified approximately 290 1859 proof dollars, ranging in grade from PR50 to PR67, with the vast majority falling within the PR61 to PR64 range. The two services have assigned the Cameo designation to a few pieces. This is the only non-Cameo PR67 certified by PCGS (2/10).
This Superb Gem displays light gold-beige patination around the peripheries that turns 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 strong strike that brings out complete detailing 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. The only mentionable surface "defects" are a couple of small planchet flakes, one located near the obverse rim beneath the space between the 8 and 5 in the date and another just to the right of star 8. A wonderful proof No Motto Seated dollar.(Registry values: N10218) (NGC ID# 252D, PCGS# 7002)

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