The Schilke-Kagin 1842 Proof Set
1842 $1 PR65 NGC. After careful analysis of past auction
appearances, we have established a roster of nine different 1842
proof silver dollars, and acknowledge the possibility of three
additional pieces. However, we are confident that a dozen pieces is
the upper limit of surviving proofs of the issue.
1842 Seated Dollar, PR65
With Maroon Presentation Case
The present offering includes the Gem proof 1842 Seated dollar, possibly the finest existing coin of its kind, along with the maroon seven-piece leather proof set case that accompanied these coins from the Oscar Schilke proof set. The antique case shows some scuffing, although its plush blue interior is exceptionally well preserved. The hinge and clasp are both intact.
This lovely Seated dollar displays brilliant, deeply mirrored fields with splashes of gold and blue toning. A few stars are weak, and the top of the left (facing) wing is indistinct. All other design elements are sharply defined. The devices exhibit satin luster with a hint of cameo contrast. An impressive Gem, this Seated dollar will soon grace a fine collection of the series.
Combined, PCGS and NGC have certified 10 proofs, including one in PR61, two in PR62, three in PR63, two in PR64, and two in PR65 (2/12). None are certified with cameo contrast.
Roster of 1842 Seated Dollars
1. PR65 NGC. Oscar Schilke proof set; Paul Kagin. The present coin.
2. PR65 NGC. Norweb Collection (Bowers and Merena, 11/1988), lot 3780; Phil Kaufman Collection (Heritage, 4/2008), lot 2382.
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.
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. American Numismatic Society.
8. Proof. Smithsonian Institution.
A. PR58 Uncertified. Superior (9/2002), lot 1067. Possibly the "impaired proof" that Walter Breen writes he sold to Arthur Kagin. The photo suggests a prooflike business strike.
B. Proof. Regal Sale (Stack's, 5/1956), lot 776; B.M. Eubanks; Jerry Cohen; Golden II (Kreisberg-Schulman, 1/1963), lot 3056: Quality Sales (9/1973), lot 490; Joe Flynn; Bowers and Ruddy; Julian Leidman. We are unable to match the plates to any of the numbered specimens.
C. Proof. An example in the Davis-Graves sale (Stack's, 4/1954), lot 1339, carries a provenance to the Haseltine Collection. However, there is no plate and it is likely no longer traceable.
D. Proof. Col. E.H.R. Green; Jack Roe Collection (B. Max Mehl, 6/1945), lot 437, unplated. Mehl writes: "Very slightly rubbed on the obverse field and the same on upper reverse field. Two tiny nicks to right of eagle."(Registry values: N10218) (NGC ID# 24ZS, PCGS# 6983)
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