1859 $1 PR67 PCGS. CAC....

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1859 Seated Dollar, PR67
Splendid Toning and Eye Appeal
Tied for Numeric Finest, Ex: Norweb

1859 $1 PR67 PCGS. CAC. The 2013 Red Book reports that 800 dollars were struck in proof format in 1859. David Bowers writes in Silver Dollars and Trade Dollars of the United States that:

"... many Proofs were made this year in the hope that the public, which was becoming increasingly interested in numismatics, would buy them. Today, the issue is quite rare, and it is likely that 450 or fewer were actually distributed. Even that figure might be on the high side. There were hardly 450 numismatists in 1859 interested in buying Proof dollars from the Mint. However, enough coins survive today to indicate that 450 is a reasonable estimate of distribution."

In any event, NGC and PCGS have seen nearly 350 submissions of 1859 proof dollars (with many duplications), ranging in grade from PR50 to PR67, with the vast majority falling within the PR61 to PR64 range. The two services have assigned the Cameo designation to a few pieces. The present coin is tied for numeric finest at PCGS with one other PR67 and two PR67 Cameo submissions (6/13).

This Superb Gem displays light gold-beige patination around the peripheries that turns into medium-intensity cobalt-blue in the central areas. A splash of purple is visible on the lower half of Liberty, and a blush of lilac occupies the area around the eagle's head and neck. Complementing the exquisite toning pattern is a strong strike that brings out complete detailing on the design elements. Both faces are impeccably preserved, and yield modest field-motif contrast when the coin is tilted slightly under a light. A couple of small planchet flakes appear, one near the obverse rim beneath the space between the 8 and 5 in the date, and another just right of star 8. A wonderful proof No Motto Seated dollar.
Purchased by Albert Fairchild Holden, circa 1908; Ex: Norweb III (Bowers and Merena, 11/1988), lot 3808; Fort Worth Signature (Heritage, 3/2010), lot 1239, which brought $69,000.
From The Greensboro Collection, Part IV.(Registry values: N10218)

Coin Index Numbers: (NGC ID# 252D, PCGS# 7002, Greysheet# 7301)

Metal: 90% Silver, 10% Copper
Weight: 26.73 grams
ASW: 0.85oz
Mintage: 800

View all of [The Greensboro Collection, Part IV ]

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