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Lot
2218

1859 $1 MS64 PCGS. Ex: Sterling, Legend. Like most Silver Dollars of its day, the 1859 was an export issue. Bullion was co...

2005 November Dallas, TX Signature Auction #388

 
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Auction Ended On: Nov 3, 2005
Item Activity: 5 Internet/mail/phone bidders
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Location: Dallas, TX
Description:
Patinated Near Gem 1859 Seated Dollar
1859 $1 MS64 PCGS. Ex: Sterling, Legend. Like most Silver Dollars of its day, the 1859 was an export issue. Bullion was coined into Silver Dollars for their convenience, not face value, and shipped to the Orient, where most pieces were melted. Bowers (1992) writes, "Very few Uncirculated specimens exist... In this grade the 1859 is far rarer than most people realize. Certification data may be influenced by the resubmission of the same coins." The present near-Gem is originally toned in golden-brown colors, with forest-green and ruby-red toning prominent along the obverse border. The strike is good, but not full on Liberty's hair and the upper left reverse shield corner. As expected for the MS64 level, mentionable contact is scarce, and is limited to a slender horizontal reeding mark above the right (facing) wing.
From The Jack Lee Collection, III(#6946) (Registry values: N4719) (NGC ID# 24YX, PCGS# 6946)

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