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Lot
5667

1853 50C Arrows and Rays PR66 NGC....

2013 January 9-14 US Coin FUN Signature Auction - Orlando #1181

 
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Auction Ended On: Jan 10, 2013
Item Activity: 6 Internet/mail/phone bidders
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Location: Orange County Convention Center
North/South Building
9400 Universal Blvd.
Orlando, FL 32819

Description:

1853 Arrows and Rays Half Dollar, PR66
Finest of the Four or Five Proofs Known of This One-Year Type
Ex: Norweb-Kaufman
1853 50C Arrows and Rays PR66 NGC. The finest known proof of the issue, and the only Premium Gem certified by NGC or PCGS. These two services have certified 10 proofs in all grades, including resubmissions. Those 10 grading events represent just three of the four or five proofs currently known.

1853 Arrows and Rays Proof Half Dollar Roster
--PR66 NGC. The present specimen. Norweb Collection (Bowers and Merena, 11/1988), lot 3159; Kaufman Collection; ANA Signature (Heritage, 8/2007), lot 1786, where it realized $130,000.
--PR65 NGC. Eliasberg Collection (Bowers and Merena, 4/1997), lot 1956; Bowers (8/1999), lot 206; Goldberg Coins (2/2002), lot 1002; Heritage (5/2003), lot 6212; Heritage (7/2003), lot 7646; Heritage (9/2003), lot 7098; Heritage (2/2005), lot 7098.
--PR65 PCGS. Lorin G. Parmelee Collection (New York Coin & Stamp, 6/1890), lot 1234; Charles Steigerwalt; William Woodin; Waldo Newcomer; Col. E.H.R. Green; Major Lenox Lohr Collection (Stack's, 10/1956), lot 753; FUN Signature (Heritage, 1/2012), lot 3252.
--PR63 NGC. J. Hewitt Judd Collection; Stack's (10/1990), lot 1651; Richmond Collection (David Lawrence, 3/2005), lot 1795.
--Proof. Reed Hawn Collection (Stack's, 8/1973), lot 178. Possibly the same as the Judd-Richmond example.
--Proof. Smithsonian Institution.

Breen recorded an additional example in his Proof Encyclopedia, from a "N.Y. state specialist" (Pittman) coin, cataloged by David Akers as Mint State. Breen did not list the Reed Hawn coin or the Eliasberg proof. He also listed the Parmelee proof but described it as "badly cleaned," clearly an error on his part as that coin is now recognized as the PCGS PR65 listed above.
The description of this piece in Bowers and Merena's Norweb catalog is inaccurate. Dave Bowers called it a "one-sided proof" and graded the reverse MS64. Our opinion, and that of NGC, is full proof status for this amazing coin. The obverse is fully mirrored and the reverse is satiny, suggesting that the planchet was not perfectly prepared. Normally, each planchet intended for a proof is highly polished, and both dies are also polished. The combination provides the deep mirrors found on proof coins, as well as cameo contrast. This example shows heavy reverse die polishing lines, proving that the actual coinage die was properly finished.
The appearance of the ex: Kaufman Premium Gem is unmistakable. The obverse is fully mirrored with excellent cameo contrast, and the reverse has bright satiny luster. The reverse design stands boldly against the field. It is a sharp strike with every detail, even the minute features, boldly and completely defined. The central obverse shows brilliant silver with faint champagne color, surrounded by reddish-brown, blue, and lilac toning at the borders. A small splash of brown toning crosses just below Liberty's neck, and positively identifies the pedigree of this piece. The reverse has deeper champagne color at the center, surrounded by peripheral russet and blue toning. Census: 1 in 66, 0 finer (10/12).
From The Greensboro Collection, Part II. (PCGS# 6405)

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