1846 $1 PR64 PCGS....

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1846 Seated Dollar, Toned PR64
Rare No Motto Proof Issue
Popular Repunched Date Obverse

1846 $1 PR64 PCGS. Proof silver dollar production in 1846 appears to have been higher than typical for the period, as this issue tends to appear at auction slightly more often than previous proof issues in the Seated Liberty series. Most examples were struck with a blundered obverse die, which shows the date boldly repunched north with the underlying numerals evident in the field below the primaries. This obverse was mistakenly thought to be an overdate in the past (1846/45 in the Parmelee catalog, 1846/44 in the World's Greatest Collection listing).

The Parmelee catalog described this repunched date variety as extremely rare, with only two known at that time, although it is now recognized as more available than its Normal Date counterpart. Walter Breen knew of at least 15 pieces when writing his Proof Encyclopedia, and it is likely that a few more are known today, although the availability is not as great as has been suggested by some. PCGS lists a survival estimate of only 20 to 30 coins in all grades for both the repunched date variety and the normal date counterpart combined, and the corresponding PCGS and NGC combined population is just 23 coins, including a probably number of resubmissions. Thus, the proof 1846 Seated dollar, with or without the repunched date, is indeed a great 19th century rarity, and can only be termed "available" within the strict confines of 1840s proof issues, which are widely known for their excessive rarity.

The Parmelee 1846 proof dollar went to the Harlan P. Smith Collection, and the World's Greatest Collection example later appeared in the Adolphe Menjou catalog in 1950. The earliest appearance of the present coin that we have been able to identify is lot 1729 in Stack's November 1957 sale of the Empire Collection, where it was described as a "Brilliant iridescent Proof." The strike is bold throughout both sides, but the deeply toned fields nonetheless exhibit distinctive reflectivity beneath shades of cobalt-blue, amber-gold, violet, and olive-gray. There are no distracting marks, and the repunched date feature is clear. This an important opportunity for the advanced collector to acquire this rare and widely sought No Motto proof issue. Population: 3 in 64, 2 finer (3/15).
Ex: Empire Collection (Stack's, 11/1957), lot 1729; Sale of the 70s (Kagin's, 11/1973), lot 1312, which realized $27,000.(Registry values: N7079)

Coin Index Numbers: (NGC ID# 24ZW, PCGS# 6987, Greysheet# 7253)

Weight: 26.73 grams

Metal: 90% Silver, 10% Copper

View Certification Details from PCGS