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Lot
3775

1870 $1 PR67 Ultra Cameo NGC....

2011 July Orlando Summer FUN Signature US Coin Auction #1157

 
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Auction Ended On: Jul 7, 2011
Item Activity: 15 Internet/mail/phone bidders
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Location: Orange County Convention Center
9800 International Drive
Orlando, FL 32819
Description:

Incredible 1870 Seated Dollar, PR67 Ultra Cameo
Single Finest Graded at Either Service
1870 $1 PR67 Ultra Cameo NGC. Twice in the last couple of years we have handled a single 1870 Seated dollar certified PR66 Ultra Cameo by NGC. (FUN Signature [Heritage, 1/2009], lot 3972, which brought $31,625; Joseph C. Thomas Collection, FUN Signature [Heritage, 1/2011], lot 5642, which realized $27,600.) At both of those offerings, we described the piece as "one of the two finest known."
We now have the pleasure of describing this piece as a new candidate, almost certainly, for the single finest known. For pedigree purposes, we note a small patch of obverse planchet roughness in the field between stars 1 and 2, and a single dark fleck on Liberty's neck.
The surfaces on this piece are remarkably free of even the smallest signs of post-strike contact, although a few other lint marks appear to be remnants of the original proof production. The fields are radiantly mirrored, and liberal, thick mint frost coats the devices front and back. The strike is exacting even if we cannot call it quite full, as we note a small weak area on the eagle's left (facing) leg and claw. But the feathers elsewhere, fletchings, star points, and other details are articulated in a sculptural way that few Seated dollar proofs demonstrate.
The NGC Star designation is reserved for only the finest, most eye-appealing examples, an appellation that this piece richly deserves. This piece exhibits the danger of describing any coin as "finest known" -- there is always room for some marvelous, unknown surprise. A fine coin for the finest collection, and one that we suspect will see spirited bidding. The NGC Census Report now shows a single PR66 Ultra Cameo piece, with this PR67 Ultra Cameo the single finest. PCGS shows a single PR66 Deep Cameo as finest there (5/11). (PCGS# 97018)

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