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Lot
33517

1850 $1 MS63 NGC....

2013 November 15 - 16 Selections from the Eric P. Newman Collection Part II Signature Auction - New York #1190

 
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Auction Ended On: Nov 15, 2013
Item Activity: 13 Internet/mail/phone bidders
593 page views
Location: Ukrainian Institute of America at The Fletcher-Sinclair Mansion
2 East 79th Street
New York, NY 10075

Description:
1850 Seated Dollar, MS63
Prooflike Business Strike, Mintage 7,500 Coins
1850 $1 MS63 NGC. This 1850 Seated dollar is certified MS63 by NGC, although the proofs and business strikes share many characteristics in common and have been frequently confused with one another. Only 7,500 business strikes were coined in this year in any case, making both business strikes and proofs rare. The obverse of this piece shows an open 5 in the date, the base of the 0 double-punched, and near-horizontal die file marks at the dentils beneath 50, as in Breen-5443. This obverse die was used for both proofs and later business strikes, accounting for the prooflike appearance of the latter. A few scattered contact marks appear on Liberty's thigh and legs.

The reverse die, as in Breen-5442, shows a small die line slanting downward through the horizontal shield stripes, ending at the bottom-right corner. Numerous die file marks appear between the vertical stripes, and the two lower arrowheads are joined. A small die crack runs from (UNITE)D nearly to O(F). There are scattered minor field marks consistent with the MS63 grade. Considerable prooflike surface quality appears throughout both sides, as expected. The obverse is mostly silver-gray with touches of gold, while the reverse shows deeper amber-gold patina near the rim with a silver-gray center. Census: 5 in 63 (1 in 63 ), 3 finer (10/13).
Ex: Eric P. Newman Numismatic Education Society.(Registry values: N4719) (NGC ID# 24YM, PCGS# 6937)
Items being sold are from the extensive collection of Eric P. Newman Numismatic Education Society (a Missouri not-for-profit corporation) and have been assembled over a period of 90 years. Proceeds of the sale of all items will be used exclusively for supplementing the Society’s museum operations and scholarly numismatic research efforts and for the benefit of other not-for-profit institutions selected by Eric P. Newman Numismatic Education Society for public purposes.

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