1861 $1 PR(PCGS#7004)

The Regency Auction XXIII October 2017

Auctioneer

Legend Rare Coin Auctions

Lot Number

311

Grade

PR65+

Price

20,563

Lot Description

From the Dale Larsen Collection. The highlight of the selection of toned coins from Dale's collection, this GEM 1861 is one of the most beautifully toned No Motto dollars this cataloger has seen. Bold mirrored fields and exceptionally well struck devices are bathed in a captivating blend of red, orange, gold, and icy blue hues. This coin's vivid eye appeal seduces the eye from across the room. It is only under intense magnification that reveals a tiny patch of hairlines hidden near the eagle's wing that keeps this beauty from obtaining a coveted CAC bean. The eye appeal is stunning regardless. Only 1,000 proof dollars were struck during the first year of the Civil War, many of which disappeared over the years. The presently offered coin is among the finest graded, with only four coins that have received a higher grade at PCGS. PCGS 2, NGC 2. None of these have ever sold in auction. The most recent PCGS PR65 sold in November 2011 sold for $13,513 and the most recent PCGS PR66 sold for $21,150 in October 2015--however, the current Collector's Universe value is listed at $32,500. With it's superb eye appeal, we can see this wonderful coin bringing a very strong price. You really need to see this gem in hand to fully appreciate its beauty! Cert. Number 21157298 PCGS # 7004