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Lot
2943

1857 $1 MS64 PCGS....

2008 January Orlando, FL (FUN) Signature Coin Auction #454

 
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Auction Ended On: Jan 10, 2008
Item Activity: 5 Internet/mail/phone bidders
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Location:

Orange County Convention Center
North/South Building
9400 Universal Blvd.
Orlando, FL 32819

Lot Viewing, Room 220 D, E, F
Auction, Room 230 B

Description:
Fantastic Choice 1857 Dollar
1857 $1 MS64 PCGS. Though silver minor coinage was gaining traction in circulation, thanks to the reweighting of the lower denominations, the silver dollar was excluded from this process. As a result, the silver dollar was used primarily for export; in his Silver Dollars and Trade Dollars of the United States: A Complete Encyclopedia, Q. David Bowers (1993) wrote that the 1857 issue was "primarily used in the China trade. Very few if any 1857 silver dollars were used in domestic commerce."
It stands to reason that few examples survive today, and an examination of the combined certified population bears this out. The offering of a near-Gem representative such as the present piece is an event. Soft, swirling luster enlivens the beautifully toned blue-green, violet, and rose-gold patina. A touch of softness is present at the margins, but the overall detail is pleasing. Light, scattered flaws on and around the figure of Liberty are the only barrier to Gem status. Population: 7 in 64, 2 finer (11/07).(Registry values: N4719) (NGC ID# 24YW, PCGS# 6945)

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