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Lot
2112

1855 $1 MS64 NGC. CAC....

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:
Finest Certified 1855 Seated Dollar MS64
1855 $1 MS64 NGC. CAC. Paramount described the present coin as "the finest Uncirculated 1855 Seated Liberty dollar that we have seen" in its 1980 auction appearance, decades before the present coin was submitted to a grading service. The Paramount description elaborated, "Gem Uncirculated 65. A sensational specimen with rich golden-brown toning and lustrous, semi-prooflike surfaces that are amazingly free of bagmarks. Well struck and extremely attractive.
"This date is very rare and underrated in strictly Uncirculated condition. Only 26,000 pieces were struck and auction records for choice specimens are virtually non-existent. The 1855 is significantly more rare in full Mint State than the 1853 or 1854, and is more often encountered in proof than in Uncirculated condition."
Today, Census reports suggest that the 1854 and 1855 are roughly equal in rarity in Mint State, and the proof 1855 is approximately as rare as its Mint State counterpart. But more than 27 years after the Paramount description was published, they were correct about the present coin. This 1855 silver dollar has reclaimed its status as the single finest known.
Luster shimmers throughout the splendid orange-gold surfaces. The strike is virtually full, and it requires a loupe and an experienced eye to locate only trivial incompleteness of detail on the eagle's left (facing) claw and Liberty's hair. We note concealed marks behind Liberty's head and on her left (facing) arm, but the overall preservation is exceptional. Census: 1 in 64, 0 finer (2/08).
Ex: Auction '80 (Paramount, 8/1980), lot 806; 50th Anniversary Sale (Stack's, 10/1985), lot 225.
From The Queller Family Collection of Silver Dollars.(Registry values: N7079) (NGC ID# 24YU, PCGS# 6943)

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