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1850 $1 MS63 NGC....
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Sold on Nov 15, 2013 for:
$9,987.50
Bid Source: Live: Floor bidder
Description
1850 Seated Dollar, MS63
Prooflike Business Strike, Mintage 7,500 Coins
1850 $1 MS63 NGC. This 1850 Seated dollar is certified MS63
by NGC, although the proofs and business strikes share many
characteristics in common and have been frequently confused with
one another. Only 7,500 business strikes were coined in this year
in any case, making both business strikes and proofs rare. The
obverse of this piece shows an open 5 in the date, the base of the
0 double-punched, and near-horizontal die file marks at the dentils
beneath 50, as in Breen-5443. This obverse die was used for both
proofs and later business strikes, accounting for the prooflike
appearance of the latter. A few scattered contact marks appear on
Liberty's thigh and legs.The reverse die, as in Breen-5442, shows a small die line slanting downward through the horizontal shield stripes, ending at the bottom-right corner. Numerous die file marks appear between the vertical stripes, and the two lower arrowheads are joined. A small die crack runs from (UNITE)D nearly to O(F). There are scattered minor field marks consistent with the MS63 grade. Considerable prooflike surface quality appears throughout both sides, as expected. The obverse is mostly silver-gray with touches of gold, while the reverse shows deeper amber-gold patina near the rim with a silver-gray center. Census: 5 in 63 (1 in 63 ★ ), 3 finer (10/13).
Ex: Eric P. Newman Numismatic Education Society.(Registry values: N4719)
Coin Index Numbers: (NGC ID# 24YM, PCGS# 6937, Greysheet# 7200)
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: 1,642
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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