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5193

1857 $1 MS64 NGC....

2014 February 3 - 5 US Coins Signature Auction - New York #1202

 
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Auction Ended On: Feb 4, 2014
Item Activity: 6 Internet/mail/phone bidders
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Location: Heritage Auctions
445 Park Avenue, 15th Floor
New York, NY 10022
Description:

1857 Seated Dollar, MS64
Only Two Finer at NGC
1857 $1 MS64 NGC. Though the coinage reforms of 1853 adjusted the weights of minor silver coinage, the silver dollar was kept on at its old standard, removing any chance of the denomination being treated as a circulating coin instead of bullion to be melted at a profit. While only a relative handful of coins survive out of a mintage of 94,000 pieces, there are a handful of extraordinary examples such as this near-Gem. Though bluntly struck on peripheral elements such as the stars around Liberty and her visible foot, this coin has decent interior detail. Luster is pale silver with a light green-gold overtone, and while scattered marks affect each side, these are well within the bounds of the grade.(Registry values: N4719) (NGC ID# 24YW, PCGS# 6945)

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