Reserve (If Any) Not Posted Yet:
Although many lots will not get reserves, this signifies that we have not yet posted any reserves to this entire auction. Reserves are usually posted approximately 3 days prior to the closing for Internet-only auctions, and approximately 7 days prior to the live session for Signature auctions.
Consignor Has Not Yet Submitted a Reserve:
Asthough the consignor's agreement allows a reserve on this lot, the deadline for submitting such a reserve has elapsed. If consignor submits a reserve post-deadline and the item fails to meet that reserve, we may charge the consignor a higher reserve fee.
No Reserve:
This lot is being sold without a reserve. (Note: By law, consignors may still bid under certain conditions, but they are responsible for paying the full Buyer's Premium and Seller's Commission if they do.)
Reserve Not Met:
A reserve has been posted on this lot, but no bids have met the reserve. The current bid has been set to the reserve amount, and the next bid will meet the reserve.
Reserve Met:
Reserves have been posted for this auction, and there is a reserve on this lot that has already been met.
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Heritage Live:
After Internet bidding closes, live bidding will take place through
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.
