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Lot
2944

1859-S $1 MS62 PCGS....

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

 
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Auction Ended On: Jan 10, 2008
Item Activity: 7 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:
Elusive 1859-S Seated Liberty Dollar, MS62
1859-S $1 MS62 PCGS. With a skimpy mintage of 20,000 examples, the 1859-S is today 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 these data. Both sides of this example show a touch of champagne-gold patina over the 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 (12/07).(Registry values: N7079) (NGC ID# 24YZ, PCGS# 6948)

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