1846 $1 MS (PCGS# 6932)

2013 November 15 - 16 Selections from the Eric P. Newman Collection Part II Signature Auction - New York #1190

  • Auctioneer:
    Heritage Auctions
  • Lot Number:
    33516
  • Grade:
    MS65+
  • Price:
    $105,750.00
Lot Description
1846 $1 MS65+ NGC. CAC. Ex: "Col." E.H.R. Green. This 1846 Seated dollar is given the MS65+ grade by NGC, making it the single finest graded (9/13). The mintage of 1846 dollars is recorded as 110,600 circulation strikes, among the larger totals from the decade of the 1840s. Nonetheless, Gem examples such as this piece are fleeting rarities, coins that are simply unseen in the normal channels of numismatic commerce. The rarity of the 1846 dollar in Gem condition is underscored by only a single MS65 example trading hands in our auctions since we began maintaining our Permanent Auction Archives in 1993. An MS65 PCGS example brought $97,750 in our Dallas Signature (Heritage, 11/2005), lot 2211. The 1846 silver dollar is frequently found in circulated grades, but its rarity in Mint State has been known for decades. Bruce Amspacher wrote in the July-August 1982 Coin Dealer Newsletter monthly that a nice Uncirculated coin turned up at the rate of one coin every five to 10 years. The present Eric P. Newman MS65+ NGC example offers thoroughgoing eye appeal and impeccable preservation on both sides. The tops of the 1 and 8 in the date are minutely repunched. The surfaces display warm amber, emerald, and bluish hues with a strike that is quite sharp, save for the high points of the eagle's wings, but is essentially full elsewhere. There are few marks of any consequence noted. The reverse shows somewhat deeper olive and amber-russet toning with mauve and golden accents. Ex: "Colonel" E.H.R. Green; Green Estate; Partnership of Eric P. Newman / B.G. Johnson d.b.a. St. Louis Stamp & Coin Co.; Eric P. Newman @ $5.00; Eric P. Newman Numismatic Education Society.
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