FSH- 1879 Proof Morgan PCGS PR64....... Ex-Eliasberg Ex-NGC PF66 SOLD SOLD SOLD
commoncents05
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For sale here is an 1879 Proof Morgan PCGS certified PR64. This coin is from the Louis Eliasberg collection, and the pedigree is noted on the PCGS insert. This coin was formerly in an NGC PF66 holder, and one of its previous owners crossed it to a PCGS PR64 (I don't know why). It can easily be traced in the NGC PF66 holder, having sold three times at Heritage in that holder. The insert from the NGC holder is included with the coin.
Enough about the pedigree, on to the description of the coin. Here are the descriptions from Heritage when it was previously sold by them:
November 2002 sold for $6325 and July 2003 sold for $5462.50 (same description):
1879 $1 PR66 NGC. Ex: Eliasberg. A sparkling, nearly flawless proof that some will see as undergraded. The fields are exceptionally deep in their mirrored reflectivity and each side is attractively toned. The obverse shows smoky-golden toning around the margins while the reverse has a deep rose colored center with Prussian-blue around the periphery. An exceptional, high-end example of this early proof Morgan. Proof 1879 Dollars show an interesting bit of repunching on the reverse. This is most readily noticeable on the base of the E and R in AMERICA. The R appears to have been patched from a broken punch. This same reverse was used to strike some of the proof Dollars from 1880 as well.
Ex: William Dickinson Sale (Chapman Bros., 3/94); J.M. Clapp; John H. Clapp; Clapp Estate, 1942 to Louis E. Eliasberg, Sr.; Eliasberg Collection (Bowers and Merena, 4/97), lot 2255. (#7314)
September 2007 sold for $6325:
1879 $1 PR66 NGC. Ex: Eliasberg. Subdued violet and gray patina adorns the obverse, while deep cobalt-blue and purple coloration fills the reverse fields. While David Bowers (2005) contends that most 1879 proof dollars "... are of low contrast," the sharply impressed motifs of this example stand out against the reflective fields. A couple of minor obverse marks do not detract in the least from the coin's outstanding eye appeal. Census: 30 in 66, 22 finer (8/07)
October 2008 sold for $5750:
1879 $1 PR64 PCGS. Ex: Eliasberg. The ivory-toned portrait offers pleasing contrast with the blue-green and gunmetal-gray shadings of the obverse, though the more vibrant sapphire and pink shadings of the reverse consume that side, annulling any cameo effect. A handful of faint hairlines in the fields account for the grade. PCGS has certified 35 finer pieces in the contrast category (9/08).
My description:
Beautiful, original coin. Mostly silver-colored obverse with light toning around the rims. Mild reflectivity on the obverse with some light hairlines in the fields and a few on the devices. Stunningly toned reverse with vivid blues and purples when rotated in the light. Strong mirrors on the reverse. Both sides show a small amount of cameo contrast, but not enough to warrant the designation. An excellent coin, with a pedigree that speaks for itself and extraordinary eye appeal.
The coin has sold four times in the past seven years at Heritage, three times in the NGC PF66 holder, and once, six months ago, in the PCGS PR64 holder. The lowest amount the coin has sold for was $5462.50 in 2003. It sold for $5750 in October 2008 in the PCGS PR64 holder. Priced for sale here for $4950. All shipping and insurance included. 7 day return privilege is offered, though I would wager it won't be used.
-Paul
Enough about the pedigree, on to the description of the coin. Here are the descriptions from Heritage when it was previously sold by them:
November 2002 sold for $6325 and July 2003 sold for $5462.50 (same description):
1879 $1 PR66 NGC. Ex: Eliasberg. A sparkling, nearly flawless proof that some will see as undergraded. The fields are exceptionally deep in their mirrored reflectivity and each side is attractively toned. The obverse shows smoky-golden toning around the margins while the reverse has a deep rose colored center with Prussian-blue around the periphery. An exceptional, high-end example of this early proof Morgan. Proof 1879 Dollars show an interesting bit of repunching on the reverse. This is most readily noticeable on the base of the E and R in AMERICA. The R appears to have been patched from a broken punch. This same reverse was used to strike some of the proof Dollars from 1880 as well.
Ex: William Dickinson Sale (Chapman Bros., 3/94); J.M. Clapp; John H. Clapp; Clapp Estate, 1942 to Louis E. Eliasberg, Sr.; Eliasberg Collection (Bowers and Merena, 4/97), lot 2255. (#7314)
September 2007 sold for $6325:
1879 $1 PR66 NGC. Ex: Eliasberg. Subdued violet and gray patina adorns the obverse, while deep cobalt-blue and purple coloration fills the reverse fields. While David Bowers (2005) contends that most 1879 proof dollars "... are of low contrast," the sharply impressed motifs of this example stand out against the reflective fields. A couple of minor obverse marks do not detract in the least from the coin's outstanding eye appeal. Census: 30 in 66, 22 finer (8/07)
October 2008 sold for $5750:
1879 $1 PR64 PCGS. Ex: Eliasberg. The ivory-toned portrait offers pleasing contrast with the blue-green and gunmetal-gray shadings of the obverse, though the more vibrant sapphire and pink shadings of the reverse consume that side, annulling any cameo effect. A handful of faint hairlines in the fields account for the grade. PCGS has certified 35 finer pieces in the contrast category (9/08).
My description:
Beautiful, original coin. Mostly silver-colored obverse with light toning around the rims. Mild reflectivity on the obverse with some light hairlines in the fields and a few on the devices. Stunningly toned reverse with vivid blues and purples when rotated in the light. Strong mirrors on the reverse. Both sides show a small amount of cameo contrast, but not enough to warrant the designation. An excellent coin, with a pedigree that speaks for itself and extraordinary eye appeal.
The coin has sold four times in the past seven years at Heritage, three times in the NGC PF66 holder, and once, six months ago, in the PCGS PR64 holder. The lowest amount the coin has sold for was $5462.50 in 2003. It sold for $5750 in October 2008 in the PCGS PR64 holder. Priced for sale here for $4950. All shipping and insurance included. 7 day return privilege is offered, though I would wager it won't be used.
-Paul
Many Quality coins for sale at http://www.CommonCentsRareCoins.com
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