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Lot
30596

1849 $1 MS64 NGC....

2014 June 23 The Eugene H. Gardner Collection of US Coins Signature Auction - New York #1213

 
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Auction Ended On: Jun 23, 2014
Item Activity: 8 Internet/mail/phone bidders
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Location: Ukrainian Institute of America at The Fletcher-Sinclair Mansion
2 East 79th Street
New York, NY 10075

Description:
1849 Seated Dollar, MS64
Rich Green and Gold Patina
1849 $1 MS64 NGC. Ocean-blue and apricot-gold endow this satiny and boldly struck near-Gem. Thorough inspection with a loupe reveals distributed small marks, with only those on the thigh above the shield worthy of comment.

Variety: The so-called "Chin Whiskers" variety with field die lines evident beneath Liberty's jaw. A wire rim is prominent on the upper reverse and noticeable on the upper obverse.

Population Data (5/14): PCGS shows 18 MS64, one MS64+, one MS65, and one MS67. NGC has 18 in MS64, one MS64+, and two MS66.

Heritage Commentary: The 1849 is a scarce date. The mintage of 62,600 pieces is fairly low. The median grade is AU53 to AU55, which suggests that circulated examples were melted by speculators as they were encountered in commerce. MS64 is the finest collectible grade. The very rare full Gems would likely command a six-figure price in today's market.

Provenance: Stamford Signature (Heritage, 10/2010), lot 3791.(Registry values: N4719) (NGC ID# 24YL, PCGS# 6936)

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