1869 $1 PR67 ★ Cameo NGC....

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Spectacular 1869 Seated Dollar, PR67 ★ Cameo

1869 $1 PR67 ★ Cameo NGC. The proof Seated dollars dated 1869 are in high demand, not only as representatives from a pool of proofs only 600 pieces strong, but also as substitutes for the business strikes of the same year, which are famously challenging in Mint State. Curiously, that year saw production of the denomination more than double from 1868's tally, with 423,700 coins struck for circulation. Still, heavy melting and other forms of attrition claimed the vast majority of the original population. Proofs, on the other hand, were generally well-conserved and more readily available in many cases.
Out of 600 proofs coined for 1869, most of the pieces (400 specimens) were struck and delivered in February and March of that year. Other, small deliveries came later in the year: 50 pieces on May 12; 50 more coins on July 12; and a final batch of 100 specimens came in the fourth quarter of the calendar year, with delivery on October 8.
NGC has graded just two Cameo coins as PR67, while PCGS acknowledges none; in addition, this is the only one of the two to have received the Star designation (8/08). Though this issue may be popular among collectors as a business-strike substitute, there is no mistaking the present example for a Mint State piece. For a coin only designated as Cameo, the contrast level is astonishing, with rich frost across the devices that stands out boldly from the lightly toned silver-gray fields. Powerful mirrors further fuel the cameo effect. Even under close scrutiny, the surfaces appear virtually flawless. All factors considered, a simply marvelous survivor, easily one of the most appealing proof 1869 Seated dollars available today.(Registry values: N7079)

Coin Index Numbers: (NGC ID# 252R, PCGS# 87017, Greysheet# 7335)

Weight: 26.73 grams

Metal: 90% Silver, 10% Copper

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