1859-S $1 MS(PCGS#6948)

Spring 2022 U.S. Coins Auction

拍卖行

Stack's Bowers

批号

6013

等级

MS61

价格

57,311

详细说明

1859-S Liberty Seated Silver Dollar. OC-1. Rarity-2. Late Die State. MS-61 (NGC). OH. Offered is a rare Uncirculated example of this historic key date Liberty Seated dollar issue. Sharply struck in most areas, and quite well produced for an 1859-S dollar, only a few isolated features on the reverse exhibit mentionable softness of detail. Wisps of iridescent reddish-apricot and olive toning drift over both sides, although the overall appearance is one of brilliance. Lustrous throughout with modest semi-reflective tendencies to an otherwise satin texture. A highlight of the silver dollar offerings in this sale, and sure to see spirited bidding among advanced collectors. Among San Francisco Mint Liberty Seated dollars of the No Motto type, the 1859-S is an isolated issue with most examples produced for a single purpose. Of the 20,000 pieces struck, 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 were invariably lost through melting. Fortunately for today's collectors, the additional 5,000 pieces 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 today. Given the manner in which this issue was distributed, combined with a lack of contemporary numismatic demand, it should come as no surprise that the 1859-S is a formidable rarity in Mint State. Surviving almost certainly as a matter of chance, this Condition Census example is visually appealing, and would serve with distinction in an advanced collection of Liberty Seated coinage or silver dollars. In its earliest die state, the OC-1 is a bold Repunched Date variety. The present example represents a later die state, however, after die polishing has removed all evidence of the repunching to the digits 18. There is also a faint die crack at the base of the date. NGC Census: 8; 10 finer (MS-65 finest). PCGS# 6948. NGC ID: 24YZ. Click here for certification details from NGC.