1842 $1 PR62 PCGS....

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1842 Seated Dollar, PR62
Only Eight to 10 Proofs Extant
The John Jay Pittman Coin

1842 $1 PR62 PCGS. Ex: Pittman. Each side of this fully mirrored proof Seated dollar offers deeply reflective fields with lightly frosted devices, all beneath translucent champagne-gold toning. Insignificant hairlines and contact marks are visible mostly in the fields. A line near star 2 matches the Pittman plate and identifies the provenance of this piece. The top edge of the left (facing) wing is weak, while the remaining design motifs are needle-sharp.

Population Data (9/15): PCGS shows one submission each in PR62, PR64, and PR65. NGC reports one PR62 and seven finer. Resubmissions inflate these figures.

Heritage Commentary: The 1842 Seated dollar is a very rare proof issue with perhaps 10 pieces extant. David Akers estimated 10 to 12 pieces survive in the Pittman catalog, while Dave Bowers estimated seven to 14 proofs in his Silver Dollar Encyclopedia. We have traced eight individual examples (see roster) plus 10 additional appearances that we are unable to conclusively match to the eight coins on the roster.

Roster of 1842 Proof Seated Dollars
1. PR65 NGC. Oscar Schilke proof set; anonymous intermediary; Central States Signature (Heritage, 4/2012), lot 5003; Eugene H. Gardner Collection, Part III (Heritage, 5/2015), lot 98574.
2. PR65 NGC. Norweb Collection (Bowers and Merena, 11/1988), lot 3780; Phil Kaufman Collection (Heritage, 4/2008), lot 2382; Greensboro Collection, Part IV (Heritage, 8/2013), lot 5708.
3. PR63 NGC. F.C.C. Boyd (World's Greatest Collection, Numismatic Gallery, 1/1945), lot 130; Golden Jubilee Sale (B. Max Mehl, 5/1950), lot 812; Amon G. Carter, Jr. Collection (Stack's, 1/1984), lot 248; David Queller Collection (Heritage, 4/2008), lot 2139. The Carter catalog says his coin was purchased from the Golden Jubilee sale, and that earlier sale states the coin was from the World's Greatest Collection. Another appearance, in the David Golding Collection (Stack's, 6/1952), lot 233, asserts that coin was also from the World's Greatest Collection.
4. PR63 NGC. Sunshine Collection (Superior, 9/2003), lot 2079; Dr. John L. Pellegrini Collection (Heritage, 7/2005), lot 10258; FUN Signature (Heritage, 1/2007), lot 1059.
5. PR62 PCGS. Lester Merkin (9/1967), lot 271; Lester Merkin (10/1969), lot 376; John Jay Pittman Collection (David Akers, 5/1998), lot 1673; FUN Signature (Heritage, 1/1999), lot 6950; Sacramento ANA (Heritage, 3/1999), lot 6511; Morris Silverman Collection (Heritage, 4/2002), lot 4072; Bowers and Merena (5/2004), lot 253; Rod Sweet Collection (Bowers and Merena, 7/2005), lot 1003; Denver ANA Auction (Bowers and Merena, 8/2006), lot 2345; Jack Lee Collection (Heritage, 1/2009), lot 3961; Bay State Collection (Heritage, 7/2009), lot 1147; unknown intermediaries; purchased from Duncan Lee (1/2011). The present coin.
6. PR61 NGC. Superior (10/1990), lot 3718; Anaheim ANA (Heritage, 8/1995), lot 6550; Long Beach Signature (Heritage, 10/1995), lot 6059; Richmond Sale, Part II (David Lawrence, 11/2004), lot 1507.
7. Proof. R.C. H. Brock; J.P. Morgan; American Numismatic Society.
8. Proof. National Numismatic Collection at the Smithsonian Institution.(Registry values: N7079)

Coin Index Numbers: (NGC ID# 24ZS, PCGS# 6983, Greysheet# 7241)

Weight: 26.73 grams

Metal: 90% Silver, 10% Copper

View Certification Details from PCGS