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1846 $1 MS65+ NGC. CAC....
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Sold on Nov 15, 2013 for:
$105,750.00
Bid Source: Internet bidder
Description
1846 Seated Dollar, MS65+
Sole Finest Certified, Impeccable Strike and Surfaces
1846 $1 MS65+ NGC. CAC. Ex: "Col." E.H.R. Green. This 1846
Seated dollar is given the MS65+ grade by NGC, making it the single
finest graded (9/13). The mintage of 1846 dollars is recorded as
110,600 circulation strikes, among the larger totals from the
decade of the 1840s. Nonetheless, Gem examples such as this piece
are fleeting rarities, coins that are simply unseen in the normal
channels of numismatic commerce. The rarity of the 1846 dollar in
Gem condition is underscored by only a single MS65 example trading
hands in our auctions since we began maintaining our Permanent
Auction Archives in 1993. An MS65 PCGS example brought $97,750 in
our Dallas Signature (Heritage, 11/2005), lot 2211.The 1846 silver dollar is frequently found in circulated grades, but its rarity in Mint State has been known for decades. Bruce Amspacher wrote in the July-August 1982 Coin Dealer Newsletter monthly that a nice Uncirculated coin turned up at the rate of one coin every five to 10 years.
The present Eric P. Newman MS65+ NGC example offers thoroughgoing eye appeal and impeccable preservation on both sides. The tops of the 1 and 8 in the date are minutely repunched. The surfaces display warm amber, emerald, and bluish hues with a strike that is quite sharp, save for the high points of the eagle's wings, but is essentially full elsewhere. There are few marks of any consequence noted. The reverse shows somewhat deeper olive and amber-russet toning with mauve and golden accents.
Ex: "Colonel" E.H.R. Green; Green Estate; Partnership of Eric P. Newman / B.G. Johnson d.b.a. St. Louis Stamp & Coin Co.; Eric P. Newman @ $5.00; Eric P. Newman Numismatic Education Society.(Registry values: N7079)
Coin Index Numbers: (NGC ID# 24YG, PCGS# 6932, Greysheet# 7196)
Weight: 26.73 grams
Metal: 90% Silver, 10% Copper
Auction Info
2013 November 15 - 16 Selections from the Eric P. Newman Collection Part II Signature Auction - New York #1190 (go to Auction Home page)
Auction Dates
November, 2013
15th-16th
Friday-Saturday
Bids + Registered Phone Bidders: 14
Lot Tracking Activity: N/A
Page Views: 1,980
Buyer's Premium per Lot:
17.5% of the successful bid per lot.
Truth Seeker: The Life of Eric P. Newman (softcover)
A powerful and intimidating dealer of the 1960s, backed by important colleagues, was accused of selling fraudulent gold coins and ingots to unsuspecting numismatists. Who would go up against a man like that and, over the course of decades, prove the fraud? Who would expose a widely respected scholar as a thief, then doggedly pursue recovery of coins that the scholar had stolen from an embarrassed numismatic organization, all over the objections of influential collectors who had bought coins with clouded titles? Eric P. Newman would - and did. Reserve your copy today.
A powerful and intimidating dealer of the 1960s, backed by important colleagues, was accused of selling fraudulent gold coins and ingots to unsuspecting numismatists. Who would go up against a man like that and, over the course of decades, prove the fraud? Who would expose a widely respected scholar as a thief, then doggedly pursue recovery of coins that the scholar had stolen from an embarrassed numismatic organization, all over the objections of influential collectors who had bought coins with clouded titles? Eric P. Newman would - and did. Reserve your copy today.
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