1872 $1 MS(PCGS#6968)

June 2023 U.S. Coins Auction

拍卖行

Stack's Bowers

批号

3211

等级

AU58

价格

13,560

详细说明

1872 Liberty Seated Silver Dollar. OC-4. Rarity-2. AU-58 (PCGS). A brightly lustrous, virtually brilliant example with bold to sharp striking detail throughout. Beginning in 1868, increased production at the Comstock and other Western mines gave silver dollar coinage at the request of bullion depositors a new, although ultimately only temporary lease on life. Previously dependent on imports and foreign coins, bullion brokers had little silver to deposit for dollar coinage from 1850 through 1867. During the late 1860s and early 1870s, however, Liberty Seated dollars were increasingly looked upon as a convenient storehouse for excess silver from domestic production, virtually all of which was exported to the Orient once converted into coin form. In addition, a pending overhaul of the nation's coinage system was on the table in the early 1870s, one that would see the abolition of the standard silver dollar and its replacement by the heavier trade dollar. The bill, which would eventually become law as the Act of February 12, 1873, was introduced in 1870. While Congress moved slowly, bullion brokers took advantage of their final opportunities in 1871, 1872 and early 1873 to deposit silver for coinage into standard silver dollars. Although it has the highest mintage in the circulation strike Liberty Seated dollar series at 1,105,500 pieces, the 1872 is scarcer than the 1871 and undoubtedly suffered a higher rate of attrition through export and melting. It ranks as a leading type candidate in this challenging series, with premium AU examples such as this especially popular for such purposes. PCGS# 6968. NGC ID: 24ZJ. 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.