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1858 $1 PR65 Cameo NGC....
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Sold on Apr 28, 2011 for:
$38,812.50
Bid Source: Mail/Fax bidder
Description
1858 Seated Liberty Silver Dollar
PR65 Cameo, A Proof-Only Issue
1858 $1 PR65 Cameo NGC. Seated dollar collectors recognize
the 1858 as a proof-only issue -- the last proof with no recorded
mintage, and the first proof with pieces made available to the
public at the Mint. Various mintage estimates have been suggested
over the years, from a low of 80 pieces that the Chapman brothers
reported late in the 19th century, to a high of 300 or more coins.
Numismatist and Seated specialist Duncan Lee suggested the latter
figure in a 2006 article about the series. His article, "Proof
Seated Dollars A Study in Relative Rarity," appeared in the August
2006 Monthly Supplement of The Coin Dealer Newsletter. Lee
wrote:"The 1858 is the only Proof-only date in the Liberty Seated Silver Dollar series. All known survivors were struck from one obverse die paired with at least two reverse dies, one being the same reverse die used for some 1856 and 1857 Proofs with a prominent rust lump over the left base of the 'L' in 'DOL.' Several others were made with the reverse die which was used to produce some 1859 proofs."
The exact or even the approximate mintage may never be known but it is almost certainly closer to Lee's estimate than it is to Chapman's estimate. NGC and PCGS have certified 154 submissions, a figure that includes resubmissions and crossovers. The current population figure is almost double the mintage estimate of the Chapman brothers. We believe that close to 200 1858 Seated Liberty dollars still survive today, lending further support to Lee's estimate.
This brilliant Gem possesses icy devices that exhibit obvious contrast with the unperturbed and glassy fields. Both sides are entirely untoned with the exception of the rims, which display subtle gold coloration. A splash of darker toning on the obverse rim at 3 o'clock should provide a ready provenance marker. PCGS has certified 88 proofs and four Cameo proofs, including four PR65 and three PR64 Cameo. NGC has certified 66 proofs and six Cameo proofs, including four PR66, one PR67+ Cameo, and two PR65 Cameo. Census: 2 in 65 Cameo, 1 finer (2/11).
Ex: Heritage (9/2008), lot 2474.
Coin Index Numbers: (NGC ID# 252C, PCGS# 87001, Greysheet# 7299)
Weight: 26.73 grams
Metal: 90% Silver, 10% Copper
Auction Info
2011 April Rosemont CSNS Signature & Platinum Night US Coin Auction #1154 (go to Auction Home page)
Auction Dates
Apr-May, 2011
27th-1st
Wednesday-Sunday
Bids + Registered Phone Bidders: 17
Lot Tracking Activity: N/A
Page Views: 2,378
Buyer's Premium per Lot:
15% of the successful bid per lot.
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