LOT #98576 |
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1848 $1 PR66 NGC....
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Sold on May 12, 2015 for:
$64,625.00
Bid Source: HA.com/Live bidder
Description
1848 Seated Liberty Dollar, PR66
Very Rare Early Proof, 12 Examples Traced
Second-Finest Certified
1848 $1 PR66 NGC. A gunmetal-blue and violet center is
framed with champagne-golden color on the obverse, the reverse
exhibits a vertical streak of steel-blue with gold and russet
shades at either side. A pristine Premium Gem example of this rare
early proof Seated dollar.Variety: Breen-1, with die chips on Liberty's breast and the shield point over the top of the 1 in the date.
Population Data (4/15): NGC has graded this single coin in PR66, with one finer at PR67. PCGS has graded no coins finer than PR63.
Heritage Commentary: The mintage figures were not recorded for proof dollars in 1848, but 25 to 35 examples is a widely held estimate. Proof coins were only struck to order during the 1840s, with coins distributed to influential collectors, Treasury officials, and contemporary VIPs, either by the individual coin or by complete sets. The survival rate is low for these issues, as proofs commanded only small premiums in the 19th century and the coins were often spent by collectors, or their heirs, during hard times. Our roster below lists 12 survivors, including one in the Smithsonian Institution, and a number of earlier citations that may or may not represent the same coins. This coincides well with the PCGS CoinFacts estimate of 10-15 examples extant. NGC and PCGS have certified a combined total of 17 coins, including two in impaired condition and an unknown number of resubmissions and crossovers. As the second-finest certified example, with top-notch eye appeal to complement the high technical quality, this coin will be a welcome addition to the finest collection or Registry Set.
Roster of Proof 1848 Seated Liberty Dollars
1. PR67 NGC. Baltimore Signature (Heritage, 7/2008), lot 1820, realized $161,000; Rosemont Signature (Heritage, 8/2013), lot 5711, realized $117,500.
2. PR66 NGC. 1997 ANA Sale (Heritage, 7/1997), lot 6521; Jack Lee Collection (Heritage, 11/2005), lot 2236; Continuous Internet Auction (Heritage, 12/2005), lot 23568; Thursday Internet Auction (David Lawrence, 6/2008), lot 8005. The present coin.
3. PR64 NGC. Frederic Geiss Sale (B. Max Mehl, 2/1947), lot 343; John Jay Pittman Collection (David Akers, 5/1998), lot 1678; Richmond Sale II (David Lawrence Rare Coins, 11/2004), lot 1513.
4. PR64 NGC. Farish Baldenhofer (per Walter Breen, not in the 11/1955 Stack's sale); A.J. Ostheimer Collection (Lester Merkin, 9/1968), lot 344; Elvin I. Unterman; E-Fair Auction (Heritage, 10/1999) lot 5321; Central States Signature (Heritage, 4/2002), lot 4076.
5. PR64 NGC. Kenneth C. Long Estate Collection (Bowers and Merena, 5/1995), lot 1218; Pre-Long Beach Sale (Superior, 9/2003), lot 2084; Rod Sweet Collection (Bowers and Merena, 7/2005), lot 1009; Long Beach Signature (Heritage, 9/2005), lot 3762; New York Connoisseur's Collection (American Numismatic Rarities, 3/2006), lot 1091; ANA Charlotte National Money Show (Heritage, 3/2007), lot 947; Pre-Long Beach Sale (Ira and Larry Goldberg, 5/2007), lot 1343; Pre-Long Beach Sale (Ira and Larry Goldberg, 2/2010), lot 1192.
6. PR64. Louis E. Eliasberg, Sr. Collection (Bowers and Merena, 4/1997), lot 2215.
7. PR63. Long Beach Signature (Heritage, 5/19996), lot 5628.
8. PR62 NGC. Colonel E.H.R. Green; Jack Roe Collection (B. Max Mehl, 6/1945), lot 444; Frederic Geiss Collection (Mehl, 2/1947), lot 343; Amon G. Carter, Jr. Family Collection (Stack's, 1/1984), lot 256; Queller Family Collection of Silver Dollars (Heritage, 4/2008), lot 2145.
9. PR62 PCGS. Dr. John L. Pellegrini Collection (Heritage ANA Auction, 7/2005), lot 10263; 2006 FUN Signature (Heritage, 1/2006), lot 3239.
10. PR62 PCGS. FUN Signature (Heritage, 1/2007), lot 5211; ANA World's Fair of Money (Heritage, 8/2007), lot 1727; Central States Signature (Heritage, 4/2009), lot 2589.
11. Proof. Smithsonian Institution.
12. Brilliant Proof. Barney Bluestone (9/1940), lot 624; Floyd T. Starr Collection (Stack's, 10/1992), lot 591.
Additional Appearances
A. Brilliant Proof. F.C.C. Boyd; World's Greatest Collection (Numismatic Gallery, 1/1945) lot 139; J.H. South Collection (Stack's, 5/1951), lot 809; David Golding (Stack's, 6/1952), lot 240.
B. Brilliant Proof. The Empire Collection (Stack's, 11/1957), lot 1732 (not plated).
C. Proof. Lorin G. Parmelee Collection (New York Stamp & Coin, 6/1890), lot 1189.
D. PR62 NGC. Sale 2575 (Teletrade, 8/2008), lot 1744.
E. Proof. Peter Mougey Collection (Thomas Elder, 9/1910), lot 983.
F. Proof. T. James Clark (New Netherlands, 11/1956), lot 359; Kagin.
G. Proof. Thomas Cleneay Collection (S.H. & H. Chapman, 12/1890), lot 840, part of a seven-piece silver and minor proof set.
H. Proof. Richard B. Winsor (S.H. & H. Chapman, 12/1895), lot 1069, part of a seven-piece silver and minor proof set.
I. Proof. Matthew Stickney Collection (Henry Chapman, 6/1907), lot 1792, part of a seven-piece silver and minor proof set.
J. Proof. John F. McCoy Sale (W. Elliot Woodward, 5/1864), lot 375, part of a complete silver proof set, sold to Levick for $50; Fifth Semi-Annual Sale (Woodward, 10/1864), lot 302, sold to Hodge for $50.
K. Proof. A specimen owned by H.O. Granberg, exhibited at the 1914 ANS Exhibition; Collection of a Prominent American (U.S. Coin Company, 5/1915), lot 1050. Note: Granberg was the "Prominent American."
L. Proof. Granberg, Newcomer, Pray Collections (B. Max Mehl, 11/1919), lot 5, part of a seven piece silver and minor proof set with the coins offered separately.(Registry values: N10218)
Coin Index Numbers: (NGC ID# 24ZY, PCGS# 6989, Greysheet# 7259)
Weight: 26.73 grams
Metal: 90% Silver, 10% Copper
Auction Info
2015 May 12 The Eugene H. Gardner Collection III US Coins Signature Auction - New York #1228 (go to Auction Home page)
Auction Dates
May, 2015
12th
Tuesday
Bids + Registered Phone Bidders: 15
Lot Tracking Activity: N/A
Page Views: 929
Buyer's Premium per Lot:
17.5% of the successful bid per lot.
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