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10272

1867 $1 PR67 Cameo NGC. In his Proof Encyclopedia, Walter Breen described four different die varieties for the 625 Pro...

2005 July San Francisco, CA (ANA) Signature Auction #382

 
Sold for: Not Sold
Auction Ended On: Jul 28, 2005
Item Activity: 3 Internet/mail/phone bidders
174 page views
Location: San Francisco, CA
Description:
Spectacular 1867 Seated Dollar PR67 Cameo
1867 $1 PR67 Cameo NGC. In his Proof Encyclopedia, Walter Breen described four different die varieties for the 625 Proof dollars struck in 1867. These resulted in combinations of three obverse dies and two reverse dies, those two each in two different die states. It seems almost incredible that there were this many different dies for such a limited mintage, unless there were also restrikes made at a later date. This is the Breen-3 variety as enumerated in his reference. The date is high in the field with the top of the 1 and 7 closer to the rock than the bottom of each digit is to the border. The shield point on the obverse is over a point midway between the end of the serif of this 1 and the left upright. The reverse is identified by an extremely short spine or die line that extends up to the left from the top edge of the middle leaf.
It is difficult to estimate just how many Proof 1867 Seated Liberty silver dollars survive today. Perhaps half the mintage, or 300 coins, is a fair estimate. Maybe less have survived. In his Silver Dollar Encyclopedia, Dave Bowers suggested about 450 survived, although that seems to be an optimistic figure. It is also important to realize the rarity of this issue in Mint State condition. In all grades from MS60 on up, we doubt that more than 50 examples survive, and most of those are just MS60 or MS61. This cataloger cannot recall having ever handled a Gem Mint State 1867 Seated Liberty dollar.
This exciting Superb Proof dollar has highly lustrous devices surrounded by deeply mirrored fields. Numerous die finishing lines are visible in the reflective fields, however, we do not see any hairlines or other abrasions. The surfaces are so very nearly perfect. The obverse has intermingled sea-green and deep rose with considerable brilliant silver luster. Every individual design element is fully defined. The reverse is similar, although with less of the brilliant silver appearance. The mirrored surface of the fields is crisply visible up to the edge of the design elements, including between the vertical stripes of the shield. Date and type collectors are sure to appreciate and desire this lovely specimen, and the advanced connoisseur of classic proof coinage will want to own this coin.(#87015)(Registry values: N7079) (PCGS# 87015)

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