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Lot
7549

1863 $1 PR68 NGC. Ex: P. Kaufman. Proofs of this Civil ...

2003, Orlando, FL. (FUN) Signature Sale #308

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Auction Ended On: Jan 9, 2003
Item Activity: 5 Internet/mail/phone bidders
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Location: Orlando, FL
Description:
Impressive and Rare Proof 68 NGC 1863 Seated Dollar With Gorgeous, Multicolored Toning
1863 $1 PR68 NGC. Ex: P. Kaufman. Proofs of this Civil War era issue are distinguished from business strikes by a date that is low in the field. Writing in 1993, Bowers (Silver Dollars and Trade Dollars of the United States: A Complete Encyclopedia,) reports two die marriage for the proof 1863 Seated Dollar. He did, however, state that more particulars are needed regarding diagnostics of the second variety. All examples of this issue that we have handled in recent sales display the same diagnostics:

1. Left base of the 1 in the date is centered between two denticles.

2. The middle and lower arrowheads on the reverse are joined by a defect that seems to have been caused by inadequate die polishing.

3. There are unfinished areas in the reverse field between each pair of leaves in the olive branch.

In addition, some examples of the proof 1863 Silver Dollar exhibit a slanting die line (as struck) from the tip of the eagle's left (facing) wing. The present example, however, does not display this feature.

There are only two 1863 Seated Dollars graded PR68 at NGC and PCGS combined: the Kaufman specimen that we are offering in this lot and a PR68 Cameo NGC example. Not a single coin has been certified finer (10/02). A wonder to behold, both sides are toned in golden-blue iridescence around swirls of lilac, pink, and apricot shades that are either centered (on the obverse) or drawn toward the right border (on the reverse). The colors liven considerable as the coin rotates into the light, but all angles reveal full striking definition and a smooth, essentially blemish-free sheen. This is a stellar proof representative of a Silver Dollar date that is very difficult to locate in the finer Mint State grades. Expect fierce competition for this colorful Superb Gem from advanced date collectors and Seated connoisseurs alike.
From the Philip Kaufman Collection. (NGC ID# 252H, PCGS# 7006)

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