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Lot
2578

1859-S $1 MS62 Prooflike NGC....

2009 April-May Cincinnati, OH (CSNS) US Coin Auction #1124

 
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Auction Ended On: Apr 30, 2009
Item Activity: 8 Internet/mail/phone bidders
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Location:

Duke Energy Center
525 Elm Street
Cincinnati, OH 45202

Description:
Low Mintage 1859-S Seated Dollar
MS62 Prooflike
1859-S $1 MS62 Prooflike NGC. The 1859-S Seated Liberty silver dollar is an elusive date in all grades, by virtue of its tiny mintage of only 20,000 pieces. Silver dollars were used extensively in the China trade during the 1850s, and few pieces were saved by collectors. Mint State coins are rare today, with Q. David Bowers estimating a surviving population of less than a dozen specimens in the lower Mint State grades.
The present coin is well struck and untoned, with nicely preserved silver-gray surfaces that display noteworthy prooflike quality in the fields. A few small handling marks and wispy hairlines in the fields limit the numerical grade. Census: 1 in 62 Prooflike, 0 finer (2/09).
From The Joseph C. Thomas Collection.(Registry values: N7079) (NGC ID# 24YZ, PCGS# 6948)

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