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Lot: 2476
Auction: 1116
1859 $1 PR67 NGC....
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Sold for: Sign-in or Join (free & quick) (includes BP) Bid Source: Internet
Ended: Sep 17, 2008
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Buyer's Premium: 15% of the successful bid (minimum $9.00 per lot)
Auction Name: 2008 September Long Beach, CA US Coin Signature Auction #1116
Description: Heritage Numismatic Auctions offers U.S. and World coins, medals, and tokens in our Signature Auctions & Final Session Sales, held in conjunction with some of the largest numismatic conventions. These sales feature award-winning cataloging and photography. Call or e-mail one of our Consignment Directors to learn about selling through Heritage.
Auction Type: Signature: !! Heritage Live: After Internet bidding closes, live bidding will take place through www.HA.com/Live. Your secret maximum bid placed prior to the live event will compete against the live bids. To maximize your chances of winning, enter realistic secret maximum bids on our site. Many of our proxy bidders are successful at winning lots in these auctions, and usually below their secret maximum. You can also place last minute bids directly with us by e-mailing Bid@HA.com or calling 1-866-835-3243. (Important note: Due to software and Internet latency, live bids may not register in time, so enter realistic proxy bids.)

This lot is in:  Signature Floor Session (Live Floor, Live Phone, Mail, Fax, Internet, and Heritage Live) (lots 1-4546)
Internet bidding ends at 10:00PM CT the night before the floor session for this lot. During the live auction event, bidding in person is encouraged, and Heritage Live includes streaming audio and often video during the event.

Item Activity: 3 Internet/mail bidders, 620 page views

Description
1859 $1 PR67 NGC. The 2009 Red Book reports that 800 dollars were struck in proof format in 1859. David Bowers writes in his 1993 Silver Dollars and Trade Dollars of the United States that:

"... many Proofs were made this year in the hope that the public, which was becoming increasingly interested in numismatics, would buy them. Today, the issue is quite rare, and it is likely that 450 or fewer were actually distributed. Even that figure might be on the high side. There were hardly 450 numismatists in 1859 interested in buying Proof dollars from the Mint. However, enough coins survive today to indicate that 450 is a reasonable estimate of distribution."

In any event, NGC and PCGS have certified approximately 290 1859 proof dollars, ranging in grade from PR50 to PR67, with the vast majority falling within the PR61 to PR64 range. The two services have assigned the Cameo designation to a few pieces. NGC has given the coveted Star label to a mere three pieces, a PR66 and two PR67s.
The Superb Gem with offered in this lot displays light gold-beige patination around the peripheries that transitions into medium intensity cobalt-blue in the central areas. A splash of purple is visible on the lower half of Liberty, and a blush of lilac occupies the area around the eagle's head and neck. Complementing the exquisite toning pattern is a penetrating strike that brings out virtually complete delineation on the design elements. Both faces are impeccably preserved, and yield modest field-motif contrast when the coin is tilted slightly under a light source. A wonderful coin overall.(Registry values: N10218) (#7002)


Bid Now on Items Just Like This One
Lot Bidding Ends Grade Service Current Bid
Auction 1121, Lot 3967 Thursday, January 8, 2009 PR67 NGC $30,000.00
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Previous Prices from Heritage Auctions
Lot Date Grade Service Realized
Auction 388, Lot 2245 Saturday, November 5, 2005 67 NGC $32,200.00
Auction 300, Lot 7216 Saturday, September 28, 2002 67 NGC $48,875.00
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PLEASE NOTE: All prices realized reflect the final hammer price PLUS the buyer's premium in auctions that charge a buyer's premium. Each item has a notation at the top of the listing indicating whether that lot included a buyer's premium. Example: A item that sells with a final hammer price of $100 and a 15% buyer's premium will display with a price realized of $115. All information listed is intended to be as accurate as possible, but errors are possible. Please use this guide carefully and inform us of any inaccuracies.

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