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Lot
2216

1856 $1 MS62 PCGS. Mint State Seated Liberty dollars from the 1850s, through 1857, are all elusive regardless of the date ...

2005 November Dallas, TX Signature Auction #388

 
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Auction Ended On: Nov 3, 2005
Item Activity: 6 Internet/mail/phone bidders
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Location: Dallas, TX
Description:
Rarely Offered Mint State 1856 Seated Dollar
1856 $1 MS62 PCGS. Mint State Seated Liberty dollars from the 1850s, through 1857, are all elusive regardless of the date or grade. This issue is no exception, and in Mint State grades it is an important rarity. Mint records indicate that 63,500 examples were produced, although most entered circulation or were exported. Very few survive in the higher grades. In fact, PCGS and NGC have combined to certify just 33 examples in MS60 or finer grades, a total that includes resubmissions. In our own auction archives, dating back to early 1993, we have only offered seven separate examples in MS60 or finer grades, and just three of those were certified as finer than MS60! This is an extremely important opportunity for the advanced collector to obtain this issue. The surfaces have satiny luster beneath pale gold toning. Only a few small blemishes are visible. The design elements are somewhat weakly developed, which may be the reason that the grade of this example is not higher. In particular, the upper obverse and lower reverse are quite weakly defined. Of course, it is not possible to be too choosy when looking for an example of this date.
From The Jack Lee Collection, III(#6944) (Registry values: N2998) (NGC ID# 24YV, PCGS# 6944)

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