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Lot
6358

1861 $1 MS61 PCGS. Although the Mint Act of February 21, ...

2004 August Pittsburgh, PA Signature Sale #352

 
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Offers to date: $5,600 on May 30, 2014
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Auction Ended On: Aug 19, 2004
Item Activity: 8 Internet/mail/phone bidders
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Description:
Nicely Toned Uncirculated 1861 Seated Dollar, MS61 PCGS
1861 $1 MS61 PCGS. Although the Mint Act of February 21, 1853 reduced the weight of the Half Dime, Dime, Quarter, and Half Dollar, the Silver Dollar remained unchanged as the unit of our coinage system. This curious omission resulted in the Seated dollar's disappearance from everyday circulation and its development into a "Trade" dollar. By 1861, the precedent of exportation and melting was firmly entrenched and most of the 77,500 business strikes produced by the Philadelphia Mint this year suffered the same fate.
An attractive coin for the toning enthusiast, both sides are awash in lavender-gray patina with blushes of sea-green and russet shades about the peripheries. The strike is razor sharp throughout and the surfaces are devoid of all but the most trivial, well concealed abrasions. This conservatively graded lot represents a definite find for the dedicated Seated Dollar collector. (#6951) (Registry values: N2998) (NGC ID# 24Z4, PCGS# 6951)

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