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Lot
2119

1861 $1 MS65 NGC....

2008 April Rosemont, IL (CSNS) Signature Coin Auction #1104

 
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Auction Ended On: Apr 17, 2008
Item Activity: 9 Internet/mail/phone bidders
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Description:
Rare MS65 1861 Seated Dollar
1861 $1 MS65 NGC. The 1861 dollar, regardless of grade, is important as a Civil War first year of issue coin and, as such, is heavily demanded by collectors. Most who seek an example often settle for less-than-perfect coins since most, if not all, of this issue was apparently released into circulation. Heritage sold an MS65 1861 Seated dollar as part of our July 1993 ANA sale. Since that time and until now, we have not had the opportunity to offer another Gem example at auction. As of (3/08) NGC has certified a mere four pieces at the Gem level, with none grading finer, and the two services combined have certified only eight 1861 silver dollars at this level, some of which are likely the same coin that was resubmitted more than once. With this in mind, the 15-year absence of an example in our auction offerings is understandable. Swirling mint luster characterizes the surfaces of this rare Gem. Sharply struck, each side has light gray-rose toning in the centers with deep blue around the margins.
From The Queller Family Collection of Silver Dollars.(Registry values: N7079) (NGC ID# 24Z4, PCGS# 6951)

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