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Lot
4319

1850-O $1 AU50 NGC....

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

 
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Auction Ended On: Aug 11, 2011
Item Activity: 6 Internet/mail/phone bidders
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Location: Marriott - Chicago O Hare
8535 W. Higgins Road
Chicago, IL 60631

Description:
AU 1850-O Silver Dollar
Heavily Melted O-Mint Issue
1850-O $1 AU50 NGC. The second of only four O-mint silver dollars, the 1850-O saw a small production of a meager 40,000 coins in antebellum New Orleans. Due to the rising prices of silver at the time occasioned by vast inflows of California gold, the 1850-O silver dollar probably saw heavy melting. Mint State examples are extremely rare, as well as those of the 1846-O issue. This AU example boasts considerable prooflike luster remaining under light powder-gray patina with gold accents.(Registry values: N2998) (NGC ID# 24YN, PCGS# 6938)

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