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    Description

    Near-Mint State 1848 Seated Dollar

    1848 $1 AU58 NGC. The Philadelphia Mint's emission of 1848 silver dollars was the lowest of the 1840s, at only 15,000 pieces plus an unknown but small handful of proofs. According to Bowers, it is unclear whether many of the 1848 silver dollars were exported and melted, as although California gold was discovered in 1848 the Gold Rush began in earnest in 1849, precipitating the oversupply of gold and rising silver prices. This piece offers untoned silvery surfaces with just a trace of highpoint rub and generous eye appeal. A linear abrasion is noted near star 11.(Registry values: N1793) (NGC ID# 24YK, PCGS# 6935)

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    Auction Info

    Auction Dates
    August, 2007
    8th-12th Wednesday-Sunday
    Bids + Registered Phone Bidders: 7
    Lot Tracking Activity: N/A
    Page Views: 220

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    I wish to extend our appreciation to you for over $925,000.00 realized from the above subject auction. This amount realized was approximately $110,000.00 more than we anticipated.
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    Newport Beach, CA
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