1851 $1 MS63 PCGS. OC-1, R.5....

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1851 Seated Dollar, MS63
Original Circulation Strike
Rare Series Key, Only 1,300 Pieces Struck

1851 $1 MS63 PCGS. OC-1, R.5. Osburn-Cushing Die State b/g. Most of the low, 1300-piece circulation-strike mintage was held back by the Mint, possibly using the coins in exchange for silver bullion and parceling the mintage out over the next several years. Gold dollars were the preferred coinage for circulation, with the silver-to-gold ratio out of balance and silver worth more than par in 1851 and 1852. Only a few dozen 1851 silver dollars survive in all grades combined. Circulation strikes display a high date in the exergue, distinguishing it from proof restrikes that have the date much lower. No original proofs are confirmed for the date, with possibly up to 75 restrike proofs extant and likely outnumbering surviving circulation strikes by a narrow margin.

This example is a pleasing Select Uncirculated coin, with obverse die clashing visible near Liberty's elbow and light die cracks visible at the reverse margins. A prominent die line angles downward through the azure at the upper-right reverse shield to confirm the OC-1 circulation strike attribution. Deep-blue, sea-green, and golden-tan toning decorates minimally marked surfaces. This sharply struck Mint State coin displays strong rims and sharp obverse stars. The low 1851 mintage makes 1851 business strikes especially challenging for Seated dollar collectors. Both the 1851 and 1852 issues are major keys, with few survivors and high demand for problem-free examples. PCGS reports a mere nine pieces grading MS63 or finer, while NGC lists 11 additional pieces in those grades, not accounting for duplicates and crossovers. We expect keen interest from prospective bidders when this Select Mint State 1851 is called. PCGS Population: 2 in 63, 7 finer (11/23).(Registry values: N7079)
From The Delexa Collection.

Coin Index Numbers: (NGC ID# 24YP, PCGS# 6939, Greysheet# 7201)

Weight: 26.73 grams

Metal: 90% Silver, 10% Copper

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