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Lot
2945

1864 $1 MS65 NGC....

2008 January Orlando, FL (FUN) Signature Coin Auction #454

 
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Auction Ended On: Jan 10, 2008
Item Activity: 7 Internet/mail/phone bidders
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Location:

Orange County Convention Center
North/South Building
9400 Universal Blvd.
Orlando, FL 32819

Lot Viewing, Room 220 D, E, F
Auction, Room 230 B

Description:
Lovely, Scarce Gem 1864 Seated Dollar
1864 $1 MS65 NGC. Here is a scarce date to find in full Gem condition. The mintage was a relatively minuscule number (compared to later issues) of 30,700 business strikes. Even with that meager production, most of the coins were exported, and they did not circulate domestically. Today, there are only a few hundred survivors of this Civil War-era issue, and even that estimate may be too ambitious, as just 169 examples have been certified by NGC and PCGS combined in all grades, as of (11/07). Multiple instances of one coin being resubmitted, in hopes of receiving an upgrade, are almost certain to be included in that number.
This piece is sharply struck throughout, with bold stars, and strong curls on Liberty. Note the definition on the eagle and the claws, areas which are weakly struck on many Seated dollars. Liberty's head and all of the obverse stars are likewise sharply, if not fully struck. This excellence of overall detail is quite unusual, for the type, and doubtless helps to explain the rare Gem grade assessment by NGC. Toned with a blush of light gold over champagne-gray coloration. The fulsome mint luster that shimmers over both sides is of a beautiful, satiny texture. We note a long thin line down the right obverse field, close to the inside stars, and a similar but much shorter faint line just below the stem on the reverse. Fine die lines (as struck) are found around the upper and upper left obverse stars. Census: 7 in 65, 0 finer (11/07).
From The Madison Collection.(Registry values: N7079) (NGC ID# 24Z7, PCGS# 6954)

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