1849 $1 MS(PCGS#6936)

June 2023 U.S. Coins Auction

拍卖行

Stack's Bowers

批号

3188

等级

AU58

价格

14,831

详细说明

1849 Liberty Seated Silver Dollar. OC-2. Rarity-2. AU-58 (PCGS). A virtually brilliant, intensely lustrous example with semi-reflective fields supporting frosty, sharply defined motifs. James Wilson Marshall's now famous discovery at Sutter's Mill in Coloma, California on January 24, 1848, triggered a gold rush that soon upset the balance between gold and silver on the world market. So much of the yellow precious metal was mined in California that silver became rare relative to gold. Additional gold discoveries in Australia in 1850 resulted in further imbalance, and by that year it cost $1.013 in metal to make a Liberty Seated dollar. Silver coins of all denominations were withdrawn from circulation and hoarded domestically or, more commonly, exported to Europe for a profit and subsequently melted. Liberty Seated dollars, being large storehouses of silver that were already held in quantity by banks and bullion brokers, were among those coins that suffered the most immediate and extensive effects of this upheaval. Recently produced and therefore more plentiful in significant domestic dollar holdings, the 1848, 1849, 1850 and 1850-O suffered a higher rate of attrition through export and melting at this time than the earlier dated issues from 1840 through 1847. Indeed, survivors from a mintage of 62,600 circulation strikes for the 1849 are thought to number only 900 to 1,100 coins, which total makes this one of the more underrated silver dollars of its era. PCGS# 6936. NGC ID: 24YL. 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.