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Lot
6602

1854 $1 MS62 PCGS. Although this date shows a mintage figure of 33,140 pieces, which is higher than many of its contempora...

2005 July San Francisco, CA (ANA) Signature Auction #382

 
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Auction Ended On: Jul 29, 2005
Item Activity: 10 Internet/mail/phone bidders
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Location: San Francisco, CA
Description:
Rare 1854 Dollar, MS62 PCGS
1854 $1 MS62 PCGS. 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 specimen displays frosty silver-gray surfaces with whispers of light golden-tan color around the peripheries, and the design features reveal excellent delineation. A couple of milling marks are noted on Liberty's neck, and another couple of rim dings appear at 4 o'clock on the reverse. Population: 2 in 62, 22 finer (6/05).
From The Dr. John L. Pellegrini Collection of Liberty Seated Dollars.(#6942)(Registry values: N4719) (NGC ID# 24YT, PCGS# 6942)

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