1858 Seated Dollar, PR66
1858 $1 PR66 NGC. The 1858 Seated dollar is the most famous
proof of the series due to its status as the sole "proof-only" date
issued from 1840 to 1873. It is also one of the least-understood
coins among all American numismatic issues, from a mintage
estimated of about 300 coins. Only one finer example of the date
has been certified by NGC.
Rare Proof-Only Issue, Among the Finest Known
Numismatist Duncan Lee, a well-known specialist in the Seated coinage arena, compiled an excellent two-page study of proof Seated dollar rarity, published in the August 2006 "Monthly Supplement" of the Coin Dealer Newsletter. For 1858, Lee writes:
"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 ... Several others were made with the reverse die which was used to produce some 1859 proofs."
A particular challenge in the study of early proof coins is determining what information is valid and what is not. In his Proof Encyclopedia, Walter Breen described two different reverse dies. Unfortunately, this single example has certain characteristics of both dies.
For the second reverse, Breen recorded that the "claws touch, two lower arrowheads touch shafts; often, depressed mark (from foreign matter on die) in field near beak." The ex: Kaufman Collection coin clearly has the shallow depression near the beak, but has the claws separated and the two lower arrowheads not near the shafts above. It also has a straight die line in the narrow space over ITE of UNITED, and this die line is identical to that appearing on the Kaufman 1856 proof dollar. Die notes for the proof dollars are in need of substantial overhauling, as different authors use different notations with little consistency. In addition to revamping the die notes, considerable study is still needed to make accurate mintage determinations.
This splendid Premium Gem is fully detailed on both sides, complementing impressive magenta and sea-green toning. This high-quality dollar is surpassed by one coin certified by NGC, a PR67 Cameo specimen. Census: 4 in 66, 0 finer (6/13).
Ex: ANA Signature (Heritage, 8/2007), lot 1802; FUN Signature (Heritage, 1/2011), lot 5638, which brought $41,400.
From The Greensboro Collection, Part IV.(Registry values: N7079) (NGC ID# 252C, PCGS# 7001)
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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