1851 $1 Restrike PR65 PCGS. CAC. OC-P3, Low R.6....

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1851 Seated Liberty Dollar, PR65
Elusive CAC-Approved Key
Proof Restrike

1851 $1 Restrike PR65 PCGS. CAC. OC-P3, Low R.6. Osburn-Cushing Die State a/a. The 1851 Seated Liberty dollar is a sought-after key to the series, with a minuscule business-strike mintage of 1,300 pieces. No original proofs have been verified, but researchers hesitate to rule them out completely. A small number of proofs was produced years later, when Mint officials had them struck to use in trade with collectors to obtain desired coins and medals for the Mint Cabinet. PCGS CoinFacts estimates 40-60 examples survive in all grades today. PCGS and NGC have combined to certify 50 specimens between them, including an unknown number of resubmissions and crossovers (10/20).

Dick Osburn and Brian Cushing have identified three different die pairs used to strike 1851 proof Restrikes. This coin represents the OC-P3 variety, with a small unfinished area under Liberty's chin and some die lumps in the eagle's left (facing) wing on the reverse. The obverse die was used previously to strike the OC-P2 Restrike variety of this date. The reverse die was first used to strike original proofs in 1859, and subsequently employed to produce 1851, 1852, 1854, and 1858-dated proof restrikes. The OC-P3 Restrikes were probably struck late in 1859 or early in 1860.

The present coin is a delightful Gem proof, the single-finest non-Cameo specimen seen by PCGS (10/20). The design elements are sharply detailed in most areas, with a touch of softness on some of the stars on the left and the upper edge of the eagle's left (facing) wing. The impeccably preserved surfaces include deeply reflective fields and frosty devices, under vivid shades of cobalt-blue, sea-green, and salmon-gray toning. Although not designated as a Cameo, this coin possesses noticeable field/device contrast. Eye appeal is outstanding. Population: 1 in 65, 0 finer. CAC: 1 in 65, 0 finer (10/20).
Ex: Pre-Long Beach Elite Auction (Superior, 9/2003), lot 2089; Rod Sweet Collection, Part IV (Bowers and Merena, 7/2005), lot 1012.(Registry values: N10218)

Coin Index Numbers: (NGC ID# CPUT, PCGS# 6993, Greysheet# 7269)

Weight: 26.73 grams

Metal: 90% Silver, 10% Copper

View Certification Details from PCGS