1868 $1 MS(PCGS#6961)

December 2020 U.S. Coins Auction

拍卖行

Stack's Bowers

批号

1098

等级

MS65PL

价格

204,490

详细说明

Incredibly Rare Gem Uncirculated 1868 Silver Dollar Finest Prooflike Example Certified 1868 Liberty Seated Silver Dollar. OC-4. Rarity-3+. MS-65 PL (NGC). This Gem 1868 silver dollar is an amazing strike and condition rarity that really needs to be seen to be fully appreciated. The fields are deeply mirrored and contrast markedly with the satin to softly frosted texture of the design elements. Both sides are brilliant accenting the boldly cameo finish. The strike is razor sharp throughout, and the surfaces are remarkably well preserved for an example of this conditionally challenging silver dollar type. This is one of several elusive circulation strike Liberty Seated dollars produced between 1840 to 1873. Struck well after silver dollars had ceased to be used in domestic commerce, the Philadelphia Mint delivered only 162,100 circulation strikes in 1868. As with all post-1852 issues in this series, the 1868 was struck to the order of silver bullion depositors who used the coins in international commerce. In essence, therefore, the Liberty Seated dollars of the 1854 to 1873 era were predecessors to the trade dollars that were minted from 1873 to 1878. The most popular destinations for these exported Liberty Seated dollars during the 1850s and 1860s were Liverpool, England and China, the latter via the popular clipper ships of the day. Some of these coins returned to the United States, such as in exchange for bales of cotton purchased by English merchants. The vast majority did not, however, explaining the elusiveness of dates such as the 1868 at all levels of preservation. Numismatic interest at the time focused almost exclusively on yearly Proof coinage. Indeed, it is likely that the remarkable Gem rarity offered here survived in Mint State purely as a matter of chance. The first example of the issue certified as PL by the major third party grading services, and to date the finest certified in this category, this is an important silver dollar offering from the Miller Collection and a coin that belongs in another highly regarded cabinet. Provenance: From the Larry H. Miller Collection. Earlier ex Heritage's FUN Signature Coin Auction of January 2007, lot 1058. NGC Census: just 1; 0 finer in this category. PCGS has yet to bestow a PL designation on an 1868 silver dollar. PCGS# 86961. NGC ID: 24ZB. Click here for certification details from NGC.