1869 $1 PR(PCGS#7017)

The Regency Auction XIV October 2015

拍卖行

Legend Rare Coin Auctions

批号

113

等级

PR65

价格

68,965

详细说明

Gorgeous teal, aqua, rose and sunset shades span both the obverse and reverse! The centers are brighter rose gold with satin frost evident on the devices, while the reflectivity of the fields is strong. Fully struck as expected for a gem proof, and all the finer nuances of Miss Liberty were clearly defined by the immense power of the dies. Only 600 pieces were struck and this is one of the finest around today, borne out in the population data. A handsome coin that will certainly please most specialists who demand quality and eye appeal, The Liberty Seated Dollar series was drawing to a close in 1873. When this particular coin was struck all sorts of market shenanigans were taking place. Financiers Jay Gould and James Fisk used their influence over President Grant to not sell any gold into the market while Gould and Fisk ran the price higher and higher. This worked for a time, and it appeared that Fisk and Gould would corner the market for gold, which sent the price skyrocketing. Grant figured his wayward friends had done enough, and Grant sold quantities of gold into the market. The price of gold fell back quickly to where it had started a few weeks before the corner was attempted and a scandal was born which rocked President Grant’s administration to the core. This lovely 1869 Liberty Seated Dollar was there to witness these events, and many others in the nearly 150 years since it was struck. PCGS 17, NGC 17, CAC 6. This same coin sold for $16,450.00 (8/13). Quality like this is certain to bring a strong price. L | This coin is being sold with no reserve. Certification Number 32756036 PCGS # 7017