1873 $1 MS65 PCGS. CAC....

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Incredible Gem 1873 Seated Dollar

1873 $1 MS65 PCGS. CAC. The Coinage Act of 1873, better known as the "Crime of '73" in some circles, was one of the most drastic changes ever to take place in America's numismatic history. The two cent piece, three cent silver, half dime, and domestic (Seated) dollar all faded out with the passage of the Act. Yet the Seated dollar was not at risk for most of the Act's history, and when the bill that would become the Act was passed by the House of Representatives, the lone provision relating to the Seated dollar was to increase its weight by less than one percent.
The Senate, however, was less kind to the Seated dollar. As Robert R. Van Ryzin wrote in his Crime of '73, "During its stay in the Senate Finance Committee, the House version of the mint bill was amended ... The committee, probably at the Treasury's urging, dropped the subsidiary [Seated] dollar ..." The Senate version replaced the Seated dollar with the heavier Trade dollar. When the House and Senate could not reconcile their versions of the bill, a conference committee made of members of both chambers created the final draft. The Senate provision for the Trade dollar prevailed, and the Seated dollar was done.
The Seated dollars of 1873, such as the present Gem, were the last of their kind. This well-defined example is highly attractive with pale silver-gray centers that yield to intermittent dabs of russet-orange near the rims. A few minor ticks are scattered on the obverse, but none of these flaws warrant individual mention. A noteworthy survivor that should appeal to even the most discerning collector. Population: 5 in 65, 1 finer (11/08).
From The James Mossman Collection.(Registry values: N7079)

Coin Index Numbers: (NGC ID# 24ZM, PCGS# 6971, Greysheet# 7222)

Weight: 26.73 grams

Metal: 90% Silver, 10% Copper

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