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Lot
2094

1840 $1 MS63 NGC....

2008 April Rosemont, IL (CSNS) Signature Coin Auction #1104

 
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Auction Ended On: Apr 17, 2008
Item Activity: 9 Internet/mail/phone bidders
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Location: Rosemont, IL
Description:
Exceedingly Rare 1840 Select Dollar
1840 $1 MS63 NGC. The 1840 dollar saw a mintage of 61,005 business strikes. Despite being the first year of issue in the Seated Liberty dollar series, examples were not saved in large numbers, perhaps because during this "Hard Times" era (1837-1844) most people could not afford to squirrel them away.
The 1840 is exceedingly rare in Mint State, and very few can lay claim to MS63 or higher grade. Indeed, NGC and PCGS have certified fewer than 20 Select examples, a mere three near-Gems, and none finer!
Reddish-gold patination dominates both sides of this MS63 coin, with cobalt-blue accents at the margins. A well executed strike complements the beautiful toning, resulting in virtual completeness on the design elements. A few minute handling marks are all that keeps this specimen from a higher grade. Census: 8 in 63, 1 finer (2/08).
From The Queller Family Collection of Silver Dollars.(Registry values: N4719) (NGC ID# 24YA, PCGS# 6926)

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