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Lot
2579

1859-S $1 MS63 PCGS....

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

 
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$32,000
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Auction Ended On: Apr 30, 2009
Item Activity: 4 Internet/mail/phone bidders
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Location:

Duke Energy Center
525 Elm Street
Cincinnati, OH 45202

Description:
Impressive Select 1859-S Seated Dollar
1859-S $1 MS63 PCGS. Medium gold toning covers the obverse and lighter champagne toning crosses the reverse of this fully lustrous piece. The underlying surfaces exhibit a trace of reflectivity in the fields with satiny luster on the devices, resulting in a mild cameo appearance.
Just 20,000 silver dollars were coined in San Francisco during the year, the first of the Seated silver dollar denomination to be coined at that facility. During the few previous years of production, the young mint was concentrating on gold coins, and also producing limited quantities of fractional silver to answer the need for change in the gold region. The next meaningful production of silver dollars in San Francisco would have to wait until 1872, when another 9,000 pieces were coined. Of course, a small number of 1870-S dollars were minted with about a dozen known, and a few hundred 1873-S Seated dollars were also coined, but remain unknown today. Population: 7 in 63, 0 finer (3/09).(Registry values: N7079) (NGC ID# 24YZ, PCGS# 6948)

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