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Lot
1053

1859-S $1 MS62 NGC. Only 20,000 business strikes were coined, and the issue is scarce in all ...

2007 January Orlando, FL (FUN) Signature Coin Auction #422

 
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Auction Ended On: Jan 3, 2007
Item Activity: 5 Internet/mail/phone bidders
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Description:
Significant 1859-S Seated Dollar MS62
1859-S $1 MS62 NGC. Only 20,000 business strikes were coined, and the issue is scarce in all grades. However, more coins are known than the low mintage would suggest. Since this mintage was produced entirely for export to the Orient, perhaps some pieces were returned. Regardless, Mint State coins are rare, as most survivors known fall in the VF-XF range. This appealing and lustrous piece boasts untoned silver surfaces with a glint of gold on each side. The strike is bold, but both sides show not only raised die polishing lines but incuse hairlines, the latter likely accounting for the grade. Census: 6 in 62, 5 finer (11/06).(Registry values: N7079) (NGC ID# 24YZ, PCGS# 6948)

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