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Lot
628

1855 S$1

2001 April Indianapolis, IN (CSNS) Bullet Sale #257

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Auction Ended On: Apr 7, 2001
Item Activity: 5 Internet/mail bidders
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Description:
1855 $1 PR 63 PCGS. The business strike 1855 Seated dollar was produced to the extent of only 26,000 pieces, and, since most examples were exported and subsequently melted, coins of this date seldom appear on the market at any level of preservation. The proof 1855 Seated dollar is even rarer, and examples are offered less frequently then the already elusive proof 1854. Bowers (1993) asserts that 30-40 1855 silver dollars were included in the Mint's proof sets of this year. Several other examples were sold individually, perhaps bringing the total number of coins distributed to 75 pieces. If this number is accurate, than many of these coins have been subsequently lost, since NGC and PCGS combined have seen only 22 examples (resubmissions?) in grades that range from PR 61 through PR 65.
An obviously important coin for Seated dollar specialists, the present example displays a uniformly reflective finish beneath smoky champagne and golden-gray iridescence. The strike is nearly full, being kept from that status by a little bluntness of definition over the top of the eagle's left (facing) wing. A pinscratch in the right obverse field, as well as a few areas of porosity in the same field, are noted for accuracy. (NGC ID# 2529, PCGS# 6998)

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