LOT #7403 |
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1888 1C Seven-Piece NGC-Certified Silver and Minor Proof Set.... (Total: 7 coins)
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Sold on Aug 12, 2011 for:
$28,750.00
Bid Source: Live: Floor bidder
Description
1888 Silver and Minor Proof Set
Very Rare Seven-Piece Set
1888 1C Seven-Piece NGC-Certified Silver and Minor Proof
Set. Only 832 silver proof sets were minted in 1888, and Walter
Breen believes some of these specimens were used as assay coins.
The present set is a well-matched group. The silver coins
all display similar toning, and the nickel and three cent also show
light multicolor toning. We do not know if this is an original
proof set or if a collector assembled it over time, but the similar
grades and toning suggest the coins may have been together for a
while.Individual proof coins from this era are scarce; complete proof sets are very rare. When the popularity of proof coins declined in the early 20th century, the temptation to split up proof sets, in order to offer the more popular issues individually, was too great for most dealers to resist. For the 1888 proofs, the quarter and half dollar saw low-mintage business strikes, and date collectors have always pursued these coins avidly, while the unpopular three cent nickel had a relatively large regular-issue production and a generous proof mintage. Clearly, the demand for the quarters and halves would far exceed that of the three cent; collectors would not want to pay for seven coins if they only needed one or two. As a result, the great majority of original proof sets have been disassembled, and the opportunity to purchase a complete set is quite rare. We expect intense competition when this lot is called.
Indian Cent PR66 Red and Brown NGC. A well-detailed Premium Gem with mirrored fields and pristine surfaces that display intermingled shades of original red and light brown. Mintage 4,582 pieces.
Three Cent Nickel PR66 NGC. An attractive Premium Gem with well-struck design elements and slightly reflective surfaces, enlivened by hints of green, blue, gray, and amber toning. The mintage was a generous 4,582 pieces.
Liberty Nickel PR66 NGC. Light gold, green, and ice-blue toning enhances the unmarked surfaces of this spectacular Premium Gem. The devices are sharply defined in most areas, but a touch of softness shows on the stars. Same mintage as the cent and three cent .
Seated Liberty Dime PR67 NGC. This well-struck Superb Gem is patinated in delightful shades of green, gold, violet, and lavender. The fields are brightly mirrored under the toning. Reported mintage of 832 pieces.
Seated Liberty Quarter PR67 NGC. Deeply mirrored fields are lightly toned in shades of green, gold, and violet, with more color on the reverse. The devices are frosty and well-struck, with a touch of flatness on the stars. From the same modest mintage figure as the dime.
Seated Liberty Half Dollar PR67 NGC. A magnificent Superb Gem with razor-sharp details and intensely mirrored fields. The immaculate surfaces display powdery green, gold, and violet toning in an iridescent play of colors. Only 832 examples struck.
Morgan Dollar PR67 NGC. This Superb Gem Morgan dollar is a visual treat with sharply detailed design elements, reflective mirrored fields, and intermingled shades of gold, green, violet, and peach. The reported mintage includes one more specimen than the other silver denominations, 833 pieces.
Auction Info
2011 August Chicago Signature US Coin & Platinum Night Auction #1158 (go to Auction Home page)
Auction Dates
August, 2011
11th-14th
Thursday-Sunday
Bids + Registered Phone Bidders: 12
Lot Tracking Activity: N/A
Page Views: 1,411
Buyer's Premium per Lot:
15% of the successful bid per lot.
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