LOT #5624 |
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1846 $1 MS65+ NGC. CAC....
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Sold on Apr 24, 2014 for:
$96,937.50
Bid Source: Internet bidder
Description
1846 Seated Dollar, MS65+
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 (3/14). 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 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. Census: 2 in 65 (1 in 65+), 0 finer (3/14).
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 (Heritage, 11/2013), lot 33516.(Registry values: N7079)
Coin Index Numbers: (NGC ID# 24YG, PCGS# 6932, Greysheet# 7196)
Weight: 26.73 grams
Metal: 90% Silver, 10% Copper
Auction Info
2014 April 23 - 27 CSNS US Coin Signature Auction - Chicago #1204 (go to Auction Home page)
Auction Dates
April, 2014
23rd-27th
Wednesday-Sunday
Bids + Registered Phone Bidders: 7
Lot Tracking Activity: N/A
Page Views: 792
Buyer's Premium per Lot:
17.5% of the successful bid per lot.
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