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Lot
5112

1842 $1 MS63 PCGS. When collectors and numismatists gather around to discuss rarities in the Seated Liberty Dollar series,...

2005 November Dallas, TX Signature Auction #388

 
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Auction Ended On: Nov 5, 2005
Item Activity: 4 Internet/mail/phone bidders
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Location: Dallas, TX
Description:
Important Mint State 1842 Seated Dollar
1842 $1 MS63 PCGS. When collectors and numismatists gather around to discuss rarities in the Seated Liberty Dollar series, the 1842 issue is seldom mentioned, although it should be for examples are seldom seen in Mint State grades, especially approaching choice quality. In almost two decades of coin certification, PCGS has still only graded 34 examples of this date in MS63 or finer grades, and that total certainly includes several resubmissions of the same coins. In his 1992 Silver Dollar Encyclopedia, Dave Bowers estimated the total Mint State population to be in the range of 75 to 125 coins, in all Mint State grades. Given current certification data, this estimate seems quite reasonable. In circulated grades, this issue is plentiful, given the original mintage of 184,618 coins, the largest mintage prior to 1859. This quality representative is moderately toned in gray-rose shades that lessen the appearance of scattered abrasions. Actually, there are not many distracting blemishes to begin with, and the strike, if not complete, is uncommonly sharp for the type. Population: 15 in 63, 19 finer (9/05).
From The Jack Lee Collection, III(#6928) (Registry values: N2998) (NGC ID# 24YC, PCGS# 6928)

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