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1851 $1 Restrike PR66 Cameo NGC....

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Sold on Aug 9, 2013 for:
$82,250.00 Bid Source: Internet bidder
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Description

1851 Restrike Dollar, PR66 Cameo
The Finest Known Specimen

1851 $1 Restrike PR66 Cameo NGC. The Phil Kaufman 1851 Restrike proof Cameo dollar is the finest of the 46 coins certified by NGC and PCGS, and one of just eight pieces given a Cameo designation (one Deep Cameo also is certified). The Restrike silver dollars are sometimes referred to as the "Centered Date" dollars, compared to the higher date position of the Original strikes. It is generally thought that all 1851 Original dollars were produced as business strikes, while all 1851 Restrike dollars were coined as proofs.

Relatively little is known about the origin of these restrikes. Some numismatists hold that Mint employees made them in the late 1850s for personal gain by satisfying collector demand. Another theory is that the Mint purposely made them to provide a trading stock with collectors for additions to its numismatic collection.

Not only is the origin of the 1851 proof Restrike dollars controversial, but so are the mintage and survival estimates. Production estimates range from 30-100 pieces, while the number surviving ranges from fewer than 30 to 60 or more. Based on the certified population of 46 coins, some likely resubmissions or crossovers, and at least 60 or so auction appearances over the last 20 years, many likely duplicates, we put extant specimens in the 25-35 range.

Elegant cameo contrast on Kaufman's Premium Gem jumps out at the viewer, regardless of the angle of observation. The mélange of delicate cobalt-blue, lavender, and champagne-gold patina in the fields fails to diminish either their reflectivity or their elegant cameo contrast. Light gold central devices serve to heighten even more the field-motif variance, enhancing the already stunning eye appeal. The design elements are sharply detailed, save for minor softness on the centrils of the upper two stars. Finally, impeccably preserved surfaces leave little in the way of pedigree identifiers. Only an inoffensive spot beneath the ER of AMERICA and another under RI provide minimal help in this regard.
Ex: Phil Kaufman Collection of Early Seated Proof Sets, Part Three/Central States Signature (Heritage, 4/2008), lot 2393.
From The Greensboro Collection, Part IV.

Coin Index Numbers: (NGC ID# CPUT, PCGS# 86993, Greysheet# 7274)

Weight: 26.73 grams

Metal: 90% Silver, 10% Copper

View all of [The Greensboro Collection, Part IV ]

View Certification Details from NGC

Auction Info

2013 August 8 - 10 US Coins Signature Auction - Rosemont #1188 (go to Auction Home page)
Auction Dates
August, 2013
8th-10th Thursday-Saturday
Bids + Registered Phone Bidders: 10
Lot Tracking Activity: N/A
Page Views: 1,260

Buyer's Premium per Lot:
17.5% of the successful bid per lot.

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Sold on Aug 9, 2013 for: $82,250.00
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