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Lot
3319

1861 $1 PR65 NGC....

2012 January 4-8 US Coins & Platinum Night FUN Signature Auction- Orlando #1166

 
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Auction Ended On: Jan 4, 2012
Item Activity: 4 Internet/mail/phone bidders
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Location: Orange County Convention Center
North/South Building
9899 Universal Blvd.
Hall SB - South Building
Orlando, FL 32819

Description:
Gem Proof 1861 Seated Dollar
Elusive Civil War Date
1861 $1 PR65 NGC. Despite the generous reported mintage of 1,000 pieces, the 1861 is the least available proof Seated Liberty dollar from the early 1860s. A large number of silver proof sets went unsold, possibly due to the mounting financial stresses of the Civil War, and were subsequently melted on January 13, 1862. Q. David Bowers estimates the number of sets actually released at about 350 units. In addition to the low distribution, the date has experienced a high rate of attrition.
The present coin is an attractive Gem, with sharply detailed design elements. The brightly reflective fields are blanketed in iridescent shades of green, cobalt-blue, and lavender patina. Census: 7 in 65, 9 finer (11/11).(Registry values: N4719) (NGC ID# 252F, PCGS# 7004)

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