LOT Old Heritage Auctions  /  2008 Jan. FUN Signature Coin Auction #454  / 

2953

1865 $1 PR66 Ultra Cameo NGC

Currency:USD Category:Coins & Paper Money / US Coins Start Price:26,001.00 USD Estimated At:1.00 - 1,000,000.00 USD
1865 $1 PR66 Ultra Cameo NGC
<B>1865 $1 PR66 Ultra Cameo NGC.</B></I> The present lot consists of a magnificent Premium Gem Ultra Cameo proof silver dollar coined in 1865. It is one of just seven NGC-certified pieces in this numerical grade that have been designated as Ultra Cameos, along with one PCGS Deep Cameo PR66. These eight specimens are the finest certified Cameos seen by either service for the date (11/07).<BR> Although only 500 proof dollars were minted in 1865, a relatively large number seem to have survived in varying states of preservation. This is evident from an inspection of the NGC/PCGS population figures, showing that the two services have certified 300 or so 1865 proof dollars ranging in grade from PR50 on up, with the majority falling within the PR62 to PR65 numerical grade classifications.<BR> Considerable demand has developed for 1865 proof dollars, largely because the business strikes are a great rarity, especially in Mint State. The latter come from a relatively low mintage of 46,500 pieces, most of which are believed to have been exported to Central and South America (David Bowers, <I>Silver Dollars & Trade Dollars of the United States</B></I>, 1993, volume one, page 790) where they were likely melted. This accounts for the spirited competition for higher grade proofs when they appear at auction.<BR> And spirited competition we believe will occur when this amazing coin crosses the auction block! The thickly frosted motifs appear to glide over the deeply mirrored fields, and the white-on-black appearance jumps out at the viewer. The design elements are crisply impressed, leaving no areas incomplete. Untoned, impeccably preserved surfaces even prevent us from locating any marks that might serve as identifiers for future catalogers and researchers. The aficionado of Seated Liberty proof coinage will not want to miss out on this lovely coin.<BR><BR><b>Shipping:</b> Coins & Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)
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