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1849 $1 PR65 NGC....
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Sold on Jun 23, 2014 for:
$52,875.00
Bid Source: HA.com/Live bidder
Description
1849 Seated Dollar, PR65
One of Only Eight Proofs Known
Ex: Sweet Collection
1849 $1 PR65 NGC. Ex: Sweet Collection. A touch of
champagne-gold toning warms deeply mirrored fields on each side of
this Gem proof, with any faint, wispy hairlines well-hidden by the
patina. Some softness of strike is seen on the top of Liberty's
head and the right-hand stars, though a diagnostic, unfinished area
below Liberty's chin and a small imperfection on the 4 in the date
confirm this piece to be struck from the proof dies.Population Data (5/14): NGC reports eight examples in all grades, with four in PR65 and one fine. PCGS records five in all grades, with three at this level and one finer; none have received a Cameo designation from either service. Research of actual extant pieces, however, reveals the populations to be inflated by resubmissions.
Heritage Commentary: Seemingly without reason, demand for proof sets dropped off significantly in 1849; no complete sets are known to have survived, and no records known to exist of any having actually been sold at all. Bowers estimates the number of proof 1849 dollars coined, individually or as part of dismantled sets, to be only eight to 12 coins, with only five to eight pieces extant, a number supported by Akers. Bowers writes in Silver Dollars & Trade Dollars of the United States:
"By any measure, the 1849 Proof dollar is an extreme rarity today. Indeed, its rarity cannot be overestimated. In 40 years I have seen only three specimens."
To date, eight examples are confirmed to survive (including one impaired proof), and seldom is a representative offered at auction. Not only is the 1849 arguably the rarest proof Seated dollar of the decade, it also stands among the rarest proof issues in the entire series. This piece is pedigreed to the Rod Sweet Collection and traces its numismatic origins to Louis E. Eliasberg, Sr. An exceptional Gem representative of a great 19th century rarity, fit for the finest collection of proof Seated Liberty dollars.
Provenance: Louis E. Eliasberg, Sr. (Bowers and Merena, 4/1997), lot 2216; ANA Signature (Heritage, 8/1998), lot 8195; Rod Sweet Collection (Bowers and Merena, 7/2005), lot 1010; David Lawrence Rare Coins (4/2010).(Registry values: N10218)
Coin Index Numbers: (NGC ID# 24ZZ, PCGS# 6990, Greysheet# 7262)
Weight: 26.73 grams
Metal: 90% Silver, 10% Copper
Auction Info
2014 June 23 The Eugene H. Gardner Collection of US Coins Signature Auction - New York #1213 (go to Auction Home page)
Auction Dates
June, 2014
23rd
Monday
Bids + Registered Phone Bidders: 12
Lot Tracking Activity: N/A
Page Views: 800
Buyer's Premium per Lot:
17.5% of the successful bid per lot.
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