1852 $1 Original NGC Proof 65 Cameo ex: Share/Sweet Collection
Closed On: Thursday, June 5, 2008 4:58 PM.
DLRC #: 248284 // PCGS #: 86994
Although there has been some debate as to whether the Mint actually struck original proofs in 1852, this coin should put the argument to rest. A stunning multicolor proof with sharply mirrored fields and incredible eye appeal this coin is gorgeous. Similar to the 1851 Seated dollar, the mintage for 1852 was dismal. A scant 1,100 were coined in all for the year. By 1858-59 the "Midnight Minters" decided that a few more were needed, and hence a handful were coined using different dies, all in proof condition. David Akers when writing the superb Pittman sale stated that he did not believe that any original 1852 Seated dollars were struck in proof. NGC has graded a total of 3 specimens they believe to be originals in proof, PCGS has not graded any that they designate as originals. Clearly more research needs to be done in this area. This particular example is tied for the very finest seen by either grading service. According to the Bowers & Merena catalog where this coin was sold as part of the Sweet Collection, the cataloger opined that this particular specimen is a Restrike, and not an Original, as NGC has designated. Our opinion is that the jury is out on whether any 1852's can be consider Original AND proof. In 1851, it is now believed that all proofs are Restrikes, and perhaps the same is true for 1852. Either way, this is a rare and beautiful piece worthy of the finest collection.