1872-S $1 MS(PCGS#6970)

June 2023 U.S. Coins Auction

拍卖行

Stack's Bowers

批号

3212

等级

XF45

价格

23,729

详细说明

1872-S Liberty Seated Silver Dollar. OC-1, the only known dies. Rarity-3-. EF-45 (PCGS). With a gentle mottling of olive and russet overtones to dominant medium gray patina. Faint hairlines and a touch of glossiness are noted for accuracy, but the detail is bold to sharp throughout and some of the original luster remains. Although numismatic estimates on the number of 1872-S dollars extant has varied widely through the years, we are inclined to agree in general with Dick Osburn and Brian Cushing's (2018) estimate of 500 coins in all grades, as well as Q. David Bowers' (2016) more conservative range of 300 to 400. These are from a mintage of just 9,000 pieces, which the latter author places in historical context: From Banker's Magazine, November 1872: U.S. Coin in China. The new silver dollar recently struck in the San Francisco mint is said to be adapted for general circulation in China, where the want of silver coin has been much felt. It is worth six percent more than the old dollar, and will be received in China on the same terms as the old Mexican dollar, which has hitherto been at a premium of five to eight percent. Even so, some 1872-S dollars must have remained in the United States and circulated in the West, which remained on a coin basis at least through the end of the 19th century, refusing greenbacks, fractional paper notes and postage stamp currency. This accounts for the limited number of survivors, for Liberty Seated dollars of all issues exported to China were invariably melted, the fate of most examples of this key date mintmarked issue. PCGS# 6970. NGC ID: 24ZL. Click here for certification details from PCGS. Image with the PCGS TrueView logo is obtained from and is subject to a license agreement with Collectors Universe, Inc. and its divisions PCGS and PSA.