Lot 2926
1869 Liberty Seated Dollar. NGC graded Proof 67. Star. An incredible superb Gem Proof with bull's eye irridescent toning. An illustrious Seated Liberty dollar that has icy frost that shoots out a circle of white from an area just above the date, hence the colorful "spotlight" nickname assigned to this. As for the strike, it surpasses anything imaginable. Much as the luster is superior, so too is the raised relief of the main designs: the dies left their rigid impression behind with clear precision. Only 600 Proofs minted. Pop 1; none finer @ NGC (PCGS # 7017) .
Historical reference: 1869 was a noteworthy year in American (and world) history. Promontory Summit in Utah became the center of worldwide attention for a few weeks when the driving-in of the golden spike joined the Central Pacific and Union Pacific railroads, linking the two coasts together with a strand of iron. The ceremony took place on May 10, 1869. What happened next is almost totally absent from school textbooks: Because of the slipshod manner in which the rail lines were laid on the heavily government-subsidized system, work began almost immediately to reconstruct the entire project! Three years after the celebrated meeting at Promontory Summit the Union Pacific Railroad was bankrupt.
Estimated Value $30,000 - 40,000.
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| Realized $43,700 |
