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6604

1856 $1 MS63 PCGS. Mint State Seated Liberty dollars from the 1850s, through 1857, are all elusive regardless of the date ...

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

 
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Auction Ended On: Jul 29, 2005
Item Activity: 5 Internet/mail/phone bidders
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Location: San Francisco, CA
Description:
Elusive 1856 Dollar, MS63 PCGS
1856 $1 MS63 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 business strikes 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 29 examples in MS60 or finer grades (6/05). Our auction records indicate that the major houses have seen 18 appearances in MS60 or finer grades over the last 15 years. This is an extremely important opportunity for the advanced collector to obtain this issue. The surfaces have satiny luster beneath pale golden-gray toning. Only a few small blemishes are visible, and none can be considered offensive. As is typical for the issue, the upper obverse and lower reverse are weakly defined, particularly the hair on Liberty's head, and the feathers on the eagle's right leg. Light diagonal roller marks (as struck) are noted on Liberty's torso. Population: 7 in 63, 2 finer (6/05).
From The Dr. John L. Pellegrini Collection of Liberty Seated Dollars.(#6944)(Registry values: N4719) (NGC ID# 24YV, PCGS# 6944)

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