Description

    1843 Seated Dollar, PR64
    Elusive Early-Series Issue

    1843 $1 PR64 NGC. In 1841, the owners of a mine in Davidson County, North Carolina, sent silver deposits to the Philadelphia Mint. The mine owners informed Mint Director Robert Maskell Patterson that future silver output would be "largely productive." This was either wishful thinking, or the owners found a closer outlet for their silver, as no further mention of this source of domestic silver was found in future Mint reports. In 1843, silver supplies remained a problem, with most of the bullion used by the Mint for coinage restricted to foreign bullion, Mexican silver coins, European coins, and silver plate. Nevertheless, the Mint received enough silver to strike more than 6 million half dollars, which were the workhorse denomination in circulation in the early 19th century. Only 165,100 business strike Seated dollars were produced, along with a handful of proofs. Only 15-25 proofs are believed to have been struck, and the 1843 is the second-rarest proof date, after the 1841, since the series' beginning.

    This deeply mirrored proof displays equally deep toning over each side, partially subduing the field reflectivity. Rich gray, golden, and lilac toning covers each side in different configurations. Only the slightest hairlines are visible with strong magnification; again, the toning is responsible for dampening the effects of past attempts at "improvement." The reverse is struck from the stock proof reverse used throughout the 1840s, showing the diagnostic dual flaws on the right side of the final A in AMERICA. Census: 3 in 64, 0 finer (6/13).
    Ex: FUN Signature (Heritage, 1/2007), lot 1060, which brought $57,500.
    From The Greensboro Collection, Part IV.(Registry values: N10218) (NGC ID# 24ZT, PCGS# 6984)

    Weight: 26.73 grams

    Metal: 90% Silver, 10% Copper


    Learn more at the Newman Numismatic Portal at Washington University in St. Louis.

    View all of [The Greensboro Collection, Part IV ]

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