1840 $1 (Proof)

Series: Liberty Seated Dollars 1836-1873

PCGS PR65

PCGS PR65

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PCGS PR64

PCGS PR64

PCGS PR63

PCGS PR63

PCGS #:
6981
Designer:
Christian Gobrecht
Edge:
Reeded
Diameter:
38.10 millimeters
Weight:
26.73 grams
Mintage:
15
Mint:
Philadelphia
Metal:
90% Silver, 10% Copper
Current Auctions - PCGS Graded
Current Auctions - NGC Graded
For Sale Now at Collectors Corner - PCGS Graded
For Sale Now at Collectors Corner - NGC Graded

Rarity and Survival Estimates Learn More

Grades Survival
Estimate
Numismatic
Rarity
Relative Rarity
By Type
Relative Rarity
By Series
All Grades 15 R-9.3 10 / 27 TIE 10 / 38 TIE
60 or Better 14 R-9.4 10 / 27 TIE 10 / 38 TIE
65 or Better 2 R-9.9 4 / 27 TIE 4 / 38 TIE
Survival Estimate
All Grades 15
60 or Better 14
65 or Better 2
Numismatic Rarity
All Grades R-9.3
60 or Better R-9.4
65 or Better R-9.9
Relative Rarity By Type All Specs in this Type
All Grades 10 / 27 TIE
60 or Better 10 / 27 TIE
65 or Better 4 / 27 TIE
Relative Rarity By Series All Specs in this Series
All Grades 10 / 38 TIE
60 or Better 10 / 38 TIE
65 or Better 4 / 38 TIE

Condition Census What Is This?

Pos Grade Image Pedigree and History
1 PR65 PCGS grade PR65 PCGS grade

Jack Lee Collection - Heritage 1/2009:3960, $37,375 - Heritage 4/2009:2586, $69,000 - Goldbergs 1/2015:1531, $58,750

2 PR64 PCGS grade

Heritage 4/2002:4071, $40,250 - American Numismatic Rarities 12/2003:819, $39,100 - Heritage 8/2004:6367, $36,800 (plate-matched to the following) - Stack’s/Bowers 8/2012:11494, not sold

2 PR64 PCGS grade
2 PR64 PCGS grade
2 PR64 estimated grade

Virgil M. Brand Collection - Q. David Bowers, sold privately on 5/5/1967 - Floyd T. Starr Collection - Stack's 10/1992:580 - Superior 7/1993:552 - Phil Kaufman Collection of Early Proof Sets - Heritage 8/2007:1783, $74,750 - Eugene H. Gardner Collection - Heritage 6/2014:30607, $58,750

2 PR64 estimated grade Jack Lee collection - Heritage Heritage 4/2009:2586, $69,000
2 PR64 estimated grade
8 PR63 PCGS grade

Queller Family Collection - Heritage 4/2008:2137, $17,825 - Stack's 11/2008:3746, $18,000 - Stack's/Bowers 3/2017:3067, $23,500

8 PR63 PCGS grade
8 PR63 PCGS grade
PR65 PCGS grade #1 PR65 PCGS grade

Jack Lee Collection - Heritage 1/2009:3960, $37,375 - Heritage 4/2009:2586, $69,000 - Goldbergs 1/2015:1531, $58,750

#2 PR64 PCGS grade

Heritage 4/2002:4071, $40,250 - American Numismatic Rarities 12/2003:819, $39,100 - Heritage 8/2004:6367, $36,800 (plate-matched to the following) - Stack’s/Bowers 8/2012:11494, not sold

#2 PR64 PCGS grade
#2 PR64 PCGS grade
#2 PR64 estimated grade

Virgil M. Brand Collection - Q. David Bowers, sold privately on 5/5/1967 - Floyd T. Starr Collection - Stack's 10/1992:580 - Superior 7/1993:552 - Phil Kaufman Collection of Early Proof Sets - Heritage 8/2007:1783, $74,750 - Eugene H. Gardner Collection - Heritage 6/2014:30607, $58,750

#2 PR64 estimated grade
Jack Lee collection - Heritage Heritage 4/2009:2586, $69,000
#2 PR64 estimated grade
#8 PR63 PCGS grade

Queller Family Collection - Heritage 4/2008:2137, $17,825 - Stack's 11/2008:3746, $18,000 - Stack's/Bowers 3/2017:3067, $23,500

#8 PR63 PCGS grade
#8 PR63 PCGS grade
Ron Guth:

In 1840, the Philadelphia Mint struck Proof versions of the new Seated Liberty Dollar. Very few coin collectors existed in America during the 1840s, and even fewer had access to the Mint, or even knew that it was possible to buy or trade coins there. Thus, the number of Proof coins struck was very small, especially for the silver and gold denominations, which were inherently more expensive. Conventional wisdom states that the Mint produced between 15 and 20 Proof Silver Dollars. Essentially, this is a guess based on the number of survivors, not on any hard and fast data. The PCGS Auction Prices Realized listing cited separate appearances (not counting no sales) as of October 2015. Combining duplicates brings the total down to the prevailing range of 15-20 coins. Most citations refer to PR62 to PR64 examples. Highlights include a couple of PR65's and only one Cameo (PR64). Not surprisingly, the sole Cameo example set the price record of $85,188 when it sold in 2013 -- even though it is not the highest-graded Proof 1840 Dollar (from a technical standpoint). The only known PCGS PR65 example shows clear evidence of at least three different strikes; multiple strikes are the reason Proof coins from the 1800s look so different than those struck for circulation.