Description

    1863 Seated Liberty Dollar, PR69
    Finest Known, Ex: Kaufman
    Spectacular Toning and Visual Appeal

    1863 $1 PR69 NGC. Ex: Kaufman. Without a doubt, this is one of the most incredible Seated Liberty dollars that has ever appeared on the market. This coin is the sole finest certified example and is only one grade point away from absolute perfection.

    Only 460 proofs were coined in 1863 during the middle of the Civil War, and less than half of those pieces are known to present-day numismatists. Perhaps only 150 to 200 examples are still extant in all grades. It is believed that most or all of the 460 proofs actually found buyers at the time they were struck, despite the difficulties that were encountered in the ordering process. Q. David Bowers and Mark Borckardt explained these difficulties in their series reference Silver Dollars and Trade Dollars of the United States, A Complete Encyclopedia:

    "After July 1862, ordering Proof coins from the Mint became a very difficult business, for silver coins rose significantly above face value (due to widespread hoarding by the public), and the Mint established two price schedules: one price (higher) for payment in greenbacks or bank drafts, and a lower price for payment in coin, like for like. Collectors either had to pay the higher price in greenbacks or purchase hard money from bullion dealers at a steep premium in order to purchase proof sets."



    Interestingly, silver proof sets of 1863 began appearing on the secondary market almost immediately, probably because of their increased intrinsic value. A seven-piece proof set, cent through silver dollar, was offered in lot 94 of the J.P. Leavitt Collection (Edward Cogan, 9/1863). Additional valuable information about 19th century monetary conditions, especially during the Civil War, is given in Neil Carothers' book Fractional Money, one of the best and most useful books ever published on the topic of subsidiary U.S. coinage.

    Two different die varieties are known for the 1863 proof dollars. Bowers described the first variety as having the date "slightly low on the coin and slightly right of center. Shield point is left of the tip of 1; left base of 1 over space between border denticles. Reverse: Two arrows joined by a defect; unpolished area joins upper and center leaves, including a curved line." Details of the second variety are sketchy: "Low date, as above, but from a different die. Reverse: Different from preceding." The present coin represents Bowers' first variety, as do almost all specimens we have seen.

    Every design element on each side of this incredible coin is intricately and completely detailed. The virtually perfect fields are deeply mirrored with exceptional eye appeal. Both sides have a small circle of bright silver luster at the center, surrounded by amazing amber, blue, and violet toning that appears to rise from the center of the coin to the surface. The underlying devices are fully lustrous, creating excellent cameo contrast as they sit upon the fields. Census: 1 in 69, 0 finer (12/13).
    Ex: Philip Kaufman; FUN Signature (Heritage, 1/2003), lot 7549; Franklinton Collection (American Numismatic Rarities, 8/2006), lot 735; Baltimore Signature (Heritage, 7/2008), lot 1760.(Registry values: N1) (NGC ID# 23BS, PCGS# 7006)

    Weight: 26.73 grams

    Metal: 90% Silver, 10% Copper


    Fees, Shipping, and Handling Description: Coins & Currency (view shipping information)

    Sales Tax information  | NGC Coin Grading Guarantee  |  Terms and Conditions

    Bidding Guidelines and Bid Increments

    Glossary of Terms

    Auction Info

    Auction Dates
    January, 2014
    8th-12th Wednesday-Sunday
    Bids + Registered Phone Bidders: 8
    Lot Tracking Activity: N/A
    Page Views: 1,142

    Buyer's Premium per Lot:
    17.5% of the successful bid (minimum $14) per lot.

    Sold for: Sign-in or Join (free & quick)

    Heritage membership

    Join Now - It's Free

    VIEW BENEFITS
    1. Past Auction Values (prices, photos, full descriptions, etc.)
    2. Bid online
    3. Free Collector newsletter
    4. Want List with instant e-mail notifications
    5. Reduced auction commissions when you resell your
      winnings 
    Consign now
    • Cash Advances
    • More Bidders
    • Trusted Experts
    • Over 200,000 Satisfied Consignors Since 1976
    Consign to the 2018 February 21 - 26 LB Expo US Coins Signature Auction - Long Beach.

    Learn about consigning with us

    Thank you for your support and counsel during the process and I continue to be impressed by the skill and expertise of the Heritage Auction staff, as well as the clever web site.
    Bruce S.,
    Maplewood, NJ
    View More Testimonials

    HA.com receives more traffic than any other auction house website. (Source: Similarweb.com)

    Video tutorial

    Getting the most out of search

    Recent auctions

    2017 November 2 - 4 US Coins Signature Auction - Dallas
    2017 November 2 - 4 US Coins Signature Auction - Dallas
    REALIZED $9,915,667
    2017 September 7 - 12 Long Beach Expo World Coins Signature Auction - Long Beach
    2017 September 7 - 12 Long Beach Expo World Coins Signature Auction - Long Beach
    REALIZED $5,398,244
    2017 November 1 - 2 Eric P. Newman VIII Currency Signature Auction - Dallas
    2017 November 1 - 2 Eric P. Newman VIII Currency Signature Auction - Dallas
    REALIZED $1,989,801