1845 $1 MS(PCGS#6931)

March 2018 Baltimore U.S. Coins Auction

拍卖行

Stack's Bowers

批号

10252

等级

MS61

价格

56,997

详细说明

Significant Mint State 1845 Dollar Rarity 1845 Liberty Seated Silver Dollar. MS-61 (PCGS). OGH. Offered is a brilliant and satiny example of a key date No Motto Liberty Seated dollar issue, a lovely coin worthy of an advanced cabinet. It is boldly struck for the type with most features sharply defined. During the 1840s silver dollars were coined at the request of bullion depositors who requested this denomination for their precious metal. As the half dollar remained the denomination of choice at that time, few dollars were requested and produced during that decade. Those pieces that were struck did not circulate widely within the United States but, rather, were used in export trade. In fact, this seems to be why some bullion depositors requested these coins, for they were more convenient for international commerce than smaller silver denominations such as the half dollar and quarter. The Chinese, in particular, strongly preferred silver to gold, and many dollars struck during the 1840s were shipped there. Other Liberty Seated dollars from the 1840s were used in trade with Europe, mostly with England but also with France. Whereas virtually all silver dollars shipped to China were eventually melted, those that went to Europe often returned to America to purchase goods. The return of such pieces probably accounts for the majority of circulated 1840s dollars in numismatic hands. As a group, Mint State Liberty Seated dollars from the 1840s are rare. There was no numismatic demand for these coins at the time of issue and in any event, as related above, most were exported as part of international transactions. The few Uncirculated coins that have survived appear to have done so largely as a matter of chance. According to Q. David Bowers in A Guide Book of Liberty Seated Silver Coins(2016), the 1845 is the rarest silver dollar from the 1840s in Mint State. It is also one of the lowest mintage issues from that decade with just 24,500 pieces produced, which means that circulated survivors are also elusive. We anticipate keen bidder interest and strong competition for this rare and attractive piece. Provenance: From the A.J. Vanderbilt Collection. Acquired from Alpine Numismatics, June 1998; via Stack's. PCGS Population: 23; 10 finer (MS-64 finest). We suspect that the 23 grading events listed at PCGS for this issue in MS-61 include a large number of resubmissions. PCGS# 6931. NGC ID: 24YF. Click here for certification details from PCGS.