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Lot
4317

1850 $1 MS62 PCGS. CAC....

2011 August Chicago Signature US Coin & Platinum Night Auction #1158

 
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Auction Ended On: Aug 11, 2011
Item Activity: 9 Internet/mail/phone bidders
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Location: Marriott - Chicago O Hare
8535 W. Higgins Road
Chicago, IL 60631

Description:
1850 Seated Dollar, Deeply Toned MS62
Only 7,500 Pieces Struck
1850 $1 MS62 PCGS. CAC. By 1850 silver coins began to disappear from U.S. commerce, as the price of silver reckoned in gold increased due to the California Gold Rush, and the gold dollar denomination was introduced. As a result, only 7,500 dollars were struck in 1850, one of the lowest production runs in the entire series. When found, the 1850 dollar is usually VF or XF. Uncirculated coins are rarely encountered. The surfaces on this piece are bright and semiprooflike, as usually seen, with cobalt-blue and golden-rose toning distributed in varying amounts on each side. The strike is strong, but not complete, and there are numerous small to medium-sized abrasions on each side. The effect of these marks is greatly diminished by the depth of toning over each side. Population: 7 in 62, 7 finer (6/11).(Registry values: N4719) (NGC ID# 24YM, PCGS# 6937)

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