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Description

Elusive 1850 Seated Dollar, MS61

1850 $1 MS61 NGC. Breen-5443. The 1850 is a challenging issue among Seated dollars. Only 7,500 pieces were produced, due to the introduction of the gold dollar in 1849, the large number of gold dollars produced in 1850, and the rising price of silver in terms of gold, caused by the California Gold Rush. A good number of the 1850 silver dollars produced were melted, leaving no more than 200 coins available today in all grades, with Mint State pieces especially difficult to locate.
The base of the 0 in the date is repunched, and there are die file marks below the 50 in the date. Both sides display a coating of original blue-gray patina, and the strike is well above average. The fields are typically abraded and have a few wispy handling marks. Most of the relatively few survivors grade only XF45 to AU55. Mint State specimens are scarce. Census: 12 in 61, 12 finer (7/10).(Registry values: N2998) (NGC ID# 24YM, PCGS# 6937)

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Auction Dates
August, 2010
11th-15th
Internet/Mail/Phone Bidders: 8
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Page Views: 528

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Due completely to Heritage's thoroughly diligent and professional management and promotion of the collection, the faraday Collection stirred national attention among numismatists and the auction results brought a gross value greater than that last estimated by the experienced collector.
The Estate of David M. Faraday ,
San Rafael, CA
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