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7268

1868 $1 PR65 PCGS. CAC....

2011 August Chicago Signature US Coin & Platinum Night Auction #1158

 
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Auction Ended On: Aug 12, 2011
Item Activity: 4 Internet/mail/phone bidders
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Location: Marriott - Chicago O Hare
8535 W. Higgins Road
Chicago, IL 60631

Description:
1868 Gem Proof Seated Dollar
Conditionally Challenging
1868 $1 PR65 PCGS. CAC. As a group, proof Seated dollar mintages are quite low, and the 1868 is actually tied with two others (1869 and 1873) for the lowest mintage in the With Motto series. Annual proof sets had only been issued for a decade prior to the 1868, and consequently the manufacturing process had not yet been perfected. Proofs of this era typically demonstrate weak strikes -- a stark contrast to the proofs of the early 20th century. Coupled with poor handling by collectors, this has caused Gem Proofs to be quite rare today. This proof was well-preserved and shows no obvious surface flaws. The obverse offers blue patina, while the reverse demonstrates near-brilliant centers with golden-rose at the margin. PCGS has graded only 19 examples in PR65 including all finishes with only five examples finer (7/11).
From The Oliver Collection.(Registry values: N4719) (NGC ID# 252P, PCGS# 7016)

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