1861 $1 PR66 PCGS. OC-P1, High R.4....

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1861 Seated Dollar, PR66
Marvelous Multicolor Toning
About 250 Proofs Survive

1861 $1 PR66 PCGS. OC-P1, High R.4. Ex: Simpson. The only readily apparent die markers are the slight unfinished areas between the leaves on the reverse. Seateddollarvarieties.com, published by Dick Osburn and Brian Cushing, provides the following commentary on the availability of the 1861 proof Seated dollar:

"Proofs are much rarer than the mintage of 1000 would indicate. We estimate the total survivors at around 250. Apparently, as many as 600 were melted to obtain silver for lower denomination coinage. Because of this the survival rate is much lower than the rates for subsequent years."

Research by John Dannreuther has shown that the Mint's implementation of a 13-cent proofing fee also had the effect of reducing demand for proof coinage in 1861, explaining the number of unsold pieces melted at the end of the year. Shades of blue, green, violet, yellow, and rose coalesce over the entirety of this marvelous Premium Gem. Definition is predictably pinpoint-sharp throughout. Population: 4 in 66, 1 finer in non-Cameo (6/22).(Registry values: N7079)

Coin Index Numbers: (NGC ID# 252F, PCGS# 7004, Greysheet# 7307)

Weight: 26.73 grams

Metal: 90% Silver, 10% Copper

View all of [Important Selections from The Bob R. Simpson Collection, Part IX ]

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