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Lot
7261

1868 $1 MS64 NGC....

2011 August Chicago Signature US Coin & Platinum Night Auction #1158

 
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Auction Ended On: Aug 12, 2011
Item Activity: 5 Internet/mail/phone bidders
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Location: Marriott - Chicago O Hare
8535 W. Higgins Road
Chicago, IL 60631

Description:
Elusive Near-Gem 1868 Seated Dollar
1868 $1 MS64 NGC. The 1868 Seated dollar is a rarity as a business strike, one of the few With Motto issues produced before the series came to an end with implementation of the "Crime of '73." Interestingly, the PCGS CoinFacts site groups the Gobrecht dollars into the Seated dollar series, calling the 1836 and 1839 issues, respectively, Flying Eagle reverse, With Stars, and Flying Eagle reverse, No Stars. Of course in this scheme of things, the No Motto and then Motto reverses followed, with the more-staid Eagle With Shield reverse. In this way, one could consider collecting the With Motto series separately as a date set, an interesting and fruitful endeavor that would comprise only eight different years from 1866-1873 inclusive. (Collecting the same series by mintmark could be a lifelong pursuit, since that would include the 1870-S.)
Most of the 1868 Seated dollars were apparently melted, leaving high-grade specimens such as this MS64 piece quite rare. Considerable prooflikeness radiates from silver-gray surfaces, with good luster and few marks. A couple of small surface voids at the E in ONE and just above appear to be planchet flaws, as made. Census: 4 in 64, 5 finer (7/11).(Registry values: N4719) (NGC ID# 24ZB, PCGS# 6961)

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