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Lot
790

1840 $1 MS62 NGC....

2008 July-August Baltimore, MD (ANA) US Coin Signature Auction #1114

 
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Auction Ended On: Jul 30, 2008
Item Activity: 3 Internet/mail/phone bidders
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Location:

Baltimore, MD

Description:
Elegant 1840 Dollar, MS62
1840 $1 MS62 NGC. The 1840 Seated Liberty dollar was the first business strike of this denomination since 1803-almost 40 years had gone by without a federally issued dollar! Despite their novelty appeal, 1840 dollars were widely circulated and today are seldom seen in Mint State. Bowers (1993) explains that until 1853, dollars were essentially coined on demand at the request of a bullion depositor. This would explain the relatively low mintage of just 61,005 pieces for the issue. This piece exhibits deep blue toning on the reverse, which contrasts nicely against the rosy, golden-brown patina on the obverse. Beneath the rich toning is vibrant luster, which is particularly attractive on the obverse. Sharply struck, there are just a few scattered marks in the field and on Liberty's cheek, which barely detract from the overall superb eye appeal. This is a highly desirable and conditionally scarce example of this historically significant year. (Registry values: N4719) (NGC ID# 24YA, PCGS# 6926)

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