LOT #3553 |
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1862 $1 PR65 NGC....
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Sold on Mar 8, 2012 for:
$11,500.00
Bid Source: Internet bidder
Description
Gem Proof 1862 Seated Dollar
Spectacularly Toned Civil War Era Specimen
1862 $1 PR65 NGC. The economic uncertainty occasioned by the
advent of the Civil War caused widespread hoarding of all U.S.
coinage and general mistrust of paper money. One result of these
unwelcome financial conditions was a new series of restrictions on
the method of ordering and payment for proof coins. Only specie
payment was accepted, requiring collectors to buy gold or silver
coins from bullion dealers at a steep premium, in order to exchange
them at the Mint for proof examples. The old minor charges for
proof production and postage remained in effect as well. As a
result, few collectors ordered proof sets during this era, and
specimens are seldom encountered today.The present coin is a delightful Gem, with razor-sharp definition on all design elements. The deeply reflective surfaces are blanketed in iridescent shades of golden-brown, green, and cerulean-blue toning. This coin possesses tremendous eye appeal. Census: 13 in 65, 9 finer (2/12).(Registry values: N4719)
Coin Index Numbers: (NGC ID# 252G, PCGS# 7005, Greysheet# 7310)
Metal: 90% Silver, 10% Copper
Weight: 26.73 grams
ASW: 0.85oz
Mintage: 550
Auction Info
2012 March 8-11 US Coin Signature Auction - New York #1168 (go to Auction Home page)
Auction Dates
March, 2012
8th-11th
Thursday-Sunday
Bids + Registered Phone Bidders: 11
Lot Tracking Activity: N/A
Page Views: 764
Buyer's Premium per Lot:
15% of the successful bid per lot.
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