LOT #5723 |
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1862 $1 PR67 Cameo NGC....
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Sold on Aug 9, 2013 for:
$51,406.25
Bid Source: HA.com/Live bidder
Description
1862 Seated Dollar, PR67 Cameo
Sole Finest at Either Service
1862 $1 PR67 Cameo NGC. Lavish blue-green, plum-red, and
golden-brown toning graces the obverse, leaving a window of
brilliance across the right obverse field and much of the seated
Liberty. The reverse has a forest-green upper border that cedes to
navy-blue, toffee-gold, and ruby-red between 6 and 9 o'clock. The
right reverse is dominated by blended lavender and gunmetal-gray,
while much of the left reverse remains untoned.This magnificent Superb Gem has a razor-sharp strike, even on the usual problem areas such as Liberty's hair, the upper stars, and the eagle's left ankle. The denticles are squared-off, characteristic of proofs, and the fields are highly reflective despite areas of attractive original toning. White-on-black contrast is blatant where the surfaces are brilliant.
The business strike mintage of 1862 Seated dollars amounted to only 11,540 pieces. Mint State examples are rare, and none are known in grades above MS65. The reason for the low mintage was the Civil War, which made it unsafe to ship bullion across the Atlantic Ocean. The Seated dollar became primarily a trade coin, much as the Trade dollar would be, as early as late 1848, when its bullion value first exceeded face. There was no other reason for silver dollars to be coined after 1853, since speculators could accumulate examples from circulation and profitably melt them. Mintages rose annually after 1862, as the Confederate Navy became less effective.
Proof 1862 silver dollars are also very scarce, since only 550 pieces were struck. These are identified by a slightly upward slope on the date and an inner circle within the denticles near UNITED. At the PR67 level, the 1862 is extremely rare. This example is both the only PR67 at NGC and the only Cameo; none are finer (6/13). PCGS has yet to certify any examples in grades above PR65. Those in search of the finest quality example need look no further.
Ex: Summer FUN Signature (Heritage, 6/2008), lot 349, which brought $69,000.
From The Greensboro Collection, Part IV.(Registry values: N10218)
Coin Index Numbers: (NGC ID# 252G, PCGS# 87005, Greysheet# 7311)
Weight: 26.73 grams
Metal: 90% Silver, 10% Copper
View all of [The Greensboro Collection, Part IV ]
Auction Info
2013 August 8 - 10 US Coins Signature Auction - Rosemont #1188 (go to Auction Home page)
Auction Dates
August, 2013
8th-10th
Thursday-Saturday
Bids + Registered Phone Bidders: 20
Lot Tracking Activity: N/A
Page Views: 1,135
Buyer's Premium per Lot:
17.5% of the successful bid per lot.
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