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Lot
7271

1870 $1 PR66 NGC. 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:
1870 Seated Dollar, PR66
One of the Finest Known
1870 $1 PR66 NGC. CAC. The 1870 is scarcer than its mintage of 1,000 proofs might suggest. Although there is no record of any of these coins being melted, the total population at NGC and PCGS is roughly the same as the three previous Seated dollar proofs, which had mintages of 600 to 625 specimens. As with most proof dollars from this period, the certified population centers around the grades of PR63 and PR64. Most specimens, it seems, were cleaned or improperly stored, and consequently Gems are rare. Premium Gems are, of course, even rarer, and may be seen only occasionally in a major auction. NGC and PCGS combined have graded just 15 examples in PR66 along with two Cameos and two Deep/Ultra Cameos. A mere four specimens have been certified in higher grades (7/11). The centers of this lovely proof are brilliant and surrounded by golden-brown, then deep blue at the margins. Slight striking softness is noted on the eagle's neck and wing.
From The Oliver Collection.(Registry values: N7079) (NGC ID# 252S, PCGS# 7018)

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