1859-S $1 MS(PCGS#6948)

March 2018 Baltimore U.S. Coins Auction

拍卖行

Stack's Bowers

批号

2229

等级

MS63

价格

75,996

详细说明

Mint State 1859-S Dollar Rarity 1859-S Liberty Seated Silver Dollar. MS-63 (NGC). Impressive and rare Choice Uncirculated quality for this historic key date Liberty Seated dollar issue. Sharply struck in most areas, and uncommonly well produced in an 1859-S dollar, only a few isolated high points on the reverse exhibit mentionable softness of detail. Delicate reddish-rose, olive-russet and pale blue highlights drift over a base of warmer pewter gray patina, the surfaces with a bright satin texture that is readily evident given the iridescent nature of the toning. A highlight of the extensive silver dollar offerings in this sale, and sure to see spirited bidding among advanced collectors. Alone among San Francisco Mint Liberty Seated dollars of the No Motto type, the 1859-S is an isolated issue most examples of which were produced for a single purpose. Of the 20,000 pieces struck in total, the first 15,000 coins delivered were intended solely for export. Indeed, the San Francisco-based firm of Bolton, Barren & Co. acquired 8,985 of these coins for use in the China trade. Those examples that went overseas -- 75% of the mintage -- were invariably lost through melting. Fortunately for today's collectors, the additional 5,000 pieces making up the total mintage were retained stateside and released into circulation on the West Coast. Survivors of that delivery -- and they are few -- are usually well worn, often impaired, and constitute the majority of 1859-S silver dollars obtainable by today's collectors. Given the manner in which this issue was distributed, combined with a lack of contemporary numismatic demand, it should come as no surprise to read that the 1859-S is a formidable rarity in Mint State. Surviving almost certainly as a matter of chance, this high Condition Census example is fully Choice in quality, visually appealing, and would serve with distinction in the finest collection of Liberty Seated coinage and/or silver dollars. Provenance: From the Janet Nakushian Collection. NGC Census: 5; 1 finer (MS-65 finest). PCGS# 6948. NGC ID: 24YZ. Click here for certification details from NGC.