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Lot
21541

1854 $1 AU58 NGC. Although this date shows a mintage figure of 33,140 pieces, which is highe...

2006 January Dallas, TX The Jules Reiver Collection Signature Auction #390

 
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Auction Ended On: Jan 26, 2006
Item Activity: 10 Internet/mail/phone bidders
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Location: Dallas, TX
Description:
Rare 1854 Dollar, AU58 NGC
1854 $1 AU58 NGC. Although this date shows a mintage figure of 33,140 pieces, which is higher than many of its contemporaries, the 1854 has long been recognized as a rarity. One explanation for the scarcity of this date is that most of them were used in quantity for trade with China. Walter Breen noted that 10,000 silver dollars bearing this date were shipped to San Francisco in November, 1854. Whether these remained in California, or were shipped to Asia, we do not know, but it is likely many went overseas. This lightly circulated example displays silvery-gray surfaces with traces of luster in the recessed areas. A few minute marks scattered about do not distract.(Registry values: N2998) (NGC ID# 24YT, PCGS# 6942)

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