Lot 2885
1840 Liberty Seated Dollar. NGC graded Proof 63. Well struck with even gun-metal and dark bluish-grey toning. The date is minutely above center in its space, and properly centered left to right. The shield point is directly above the center of the upright of the 1. The reverse has a defect on the outside right edge of the final A, a characteristic common to many proofs of this decade. Recent research suggests that many original Proof Seated Dollar dies were used over a span of many years, being carefully preserved and stored from one year to the next.
The Proof 1840 dollars are known to a greater extent than some later dates of the decade, logically because the demand for the first year of issue coinage is higher than for the later issues. (Logic can be a dangerous thing.) This lovely Choice Proof 63 example has light contrast with satiny and muted devices on both sides visible under the dusky color. The fields are slightly milky and a touch hairlined. Both sides of this piece show bold impression, with considerable evidence that the coin was actually struck more than once. A major rarity in the Seated Liberty Dollar series. Pop 9; 7 in 64.
Estimated Value $20,000 - 22,000.
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