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1852 $1 Original Genuine PCGS....

2010 April-May Milwaukee, WI CSNS US Coin Auction #1139

 
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Auction Ended On: Apr 29, 2010
Item Activity: 10 Internet/mail/phone bidders
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Location:

The Midwest Airlines Center
400 West Wisconsin Avenue
Milwaukee, WI 53203

Description:

1852 Original Silver Dollar
1852 $1 Original Genuine PCGS. Breen-5447. The PCGS number ending in .91 suggests Artificial Color as the reason, or perhaps one of the reasons, that PCGS deemed this coin not gradable. In our opinion, this coin has the details of an AU specimen that has been cleaned and retoned. The fields on both sides of this coin show deep pinkish-gray color, but abrasions are relatively absent. The coin is identifiable as an Original struck from business strike dies by several diagnostics:

  • "raindrop" circular ring mark on Liberty's left (facing) arm
  • "beard" on Liberty's chin
  • vertical shield stripes on the reverse that extend above and below the outline
  • many horizontal die striations within the vertical shield stripes


The mintage of Original 1852 dollars is recorded as 1,100 pieces, but the denomination circulated little due to its overvaluation in terms of gold, and what few silver dollars could be found in circulation were then mostly hoarded or melted by bullion speculators. Many more silver dollars dated 1848-59 were melted in 1861-62, according to Breen. This rare 1852 Original dollar should fill the bill nicely for some series collectors. (NGC ID# 24YR, PCGS# 6940)

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