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2605

1864 $1 PR65 Cameo NGC....

2010 January Orlando, FL FUN US Coin Auction #1136

 
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Auction Ended On: Jan 7, 2010
Item Activity: 5 Internet/mail/phone bidders
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Location: Orlando, FL
Description:
1864 Seated Liberty Dollar, PR65 Cameo
Prized Civil War Issue
1864 $1 PR65 Cameo NGC. Only 470 proof Seated Liberty dollars were minted in 1864, but the date is more available than the small mintage suggests. The issue may owe its high survival rate to the difficulty collectors experienced when ordering proofs from the Mint during the Civil War, when the government suspended specie payments. Collectors probably prized the coins because they had to go to so much trouble to obtain, and preserved them accordingly. Few examples have received the coveted Cameo designation. Currently, NGC has certified four coins in PR65 Cameo, with three finer; while PCGS has graded only one example at this level, with none finer (11/09).
The present coin is an attractive example, with strong mirrored reflectivity in the fields. Each side has pleasing golden-rose color that deepens slightly around the margins, with a thin line of cobalt-blue at the peripheries. The devices show noticeable mint frost under the toning, providing the element of contrast.(Registry values: N4719) (PCGS# 87007)

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