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LOT #30600  | 
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1859-O $1 MS65 NGC. Breen-5458....

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Sold on Jun 23, 2014 for:
$41,125.00 Bid Source: Internet bidder
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Description

1859-O Dollar, MS65
Single Finest at NGC

1859-O $1 MS65 NGC. Breen-5458. Delicate tan-gold toning visits the margins of this highly lustrous and carefully preserved Gem. The strike is precise aside from the customary minor inexactness on Liberty's upper hair. An interesting slender strike-through (as made) is on the wrist of Liberty's left (facing) arm. The reverse is remarkably smooth, and the obverse field exhibits only minor contact.

Variety: Breen-5458, thin date, heavy O. The relief of the date is higher at its top than its base, which suggests the date gang punch was entered at an angle. Several spindly die cracks wander through the upper reverse legend, and the lower portion of the eagle's shield is clashed.

Population Data (5/14): NGC lists one MS65, the present coin, with none finer. PCGS has two MS65 with none finer.

Heritage Commentary: The 1859-O and 1860-O are the two most available No Motto issues in Mint State. The 1859-O is about half as scarce as the 1860-O. A couple of sealed Treasury bags of the two issues surfaced during the circa-1962 great silver dollar run on Treasury holdings. Harry Forman, John Skubis, and John Love were the three dealers associated with their disbursement. However, the coins from those bags are heavily bagmarked due to a century of indifferent storage and shipment. The typical Uncirculated 1859-O grades MS60 to MS62. Gems are extremely rare.

Provenance: Purchased from Jason Carter (6/2007).(Registry values: N7079)

Coin Index Numbers: (NGC ID# 24YY, PCGS# 6947, Greysheet# 7225)

Weight: 26.73 grams

Metal: 90% Silver, 10% Copper

View Certification Details from NGC

Auction Info

2014 June 23 The Eugene H. Gardner Collection of US Coins Signature Auction - New York #1213 (go to Auction Home page)
Auction Dates
June, 2014
23rd Monday
Bids + Registered Phone Bidders: 15
Lot Tracking Activity: N/A
Page Views: 1,274

Buyer's Premium per Lot:
17.5% of the successful bid per lot.

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Sold on Jun 23, 2014 for: $41,125.00
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