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Lot
5633

1859-S $1 MS62 PCGS....

2011 January Tampa FUN Signature & Platinum Night US Coin Auction #1151

 
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Auction Ended On: Jan 6, 2011
Item Activity: 8 Internet/mail/phone bidders
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Location: Tampa Convention Center
333 S. Franklin St.
Tampa, FL 33602
Description:
Frosty 1859-S Seated Dollar, MS62
1859-S $1 MS62 PCGS. With a skimpy mintage of 20,000 examples, the 1859-S is an issue that is seldom encountered in the higher Mint State grades. The 1859 Seated Liberty dollars from all three mints were intended for export to China, and the available evidence suggests that most did indeed make their way there, only to be promptly melted down into bullion.
The present piece is one of a half-dozen so graded at PCGS, with another half-dozen pieces in MS62 at NGC (12/07). There are only another dozen pieces at both services graded finer, as always discounting the possibility of duplication in the data. Both sides of this example show a touch of champagne-gold patina over the frosty silver surfaces. While there are a few light contact marks consistent with the grade, none of them are bothersome or individually severe. Population: 6 in 62, 7 finer (11/10).(Registry values: N7079) (NGC ID# 24YZ, PCGS# 6948)

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