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903

1860 $1 PR65 NGC....

2009 April-May Cincinnati, OH (CSNS) US Coin Auction #1124

 
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Auction Ended On: Apr 29, 2009
Item Activity: 9 Internet/mail/phone bidders
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Location:

Duke Energy Center
525 Elm Street
Cincinnati, OH 45202

Description:
Deeply Toned 1860 Seated Dollar, PR65
1860 $1 PR65 NGC. Ex: BRS Legacy Collection. Proof production of the 1860 dollar was exceptionally large at 1,330 pieces, the highest in the entire Seated Liberty dollar series. One thousand were included in proof sets for sale to the public. With respect to the other 330 coins, Walter Breen theorizes in his 1989 Encyclopedia of United States and Colonial Proof Coins that:

"The extra 330 minted over and above the 1,000 for sets, all on March 8, appear to have anticipated extra demand for silver dollars by souvenir hunters not wishing to buy complete sets. This did not materialize. Some 527 were sold, the rest melted."

Variegated sky-blue and faded purple patina adorn both sides of this attractive Gem. A powerful strike emboldens the design features, leaving no elements with even hints of softness. Close scrutiny of the surfaces indicate they have been well cared for. The few handling marks there are, though completely unobtrusive and inoffensive, likely preclude an even finer grade. Census: 16 in 65, 9 finer (3/09).
From The Joseph C. Thomas Collection.(Registry values: N4719) (NGC ID# 252E, PCGS# 7003)

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