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    Description

    1848 Seated Dollar, MS64
    Elegantly Toned, Semiprooflike

    1848 $1 MS64 PCGS. CAC. An eye-catching, beautifully preserved Condition Census coin, this near-Gem 1848 Seated dollar is awash in blended pastel shades of powder-blue, mint-green, champagne, and lavender. Several obverse stars, as well as the uppermost edge of the eagle's left (facing) wing on the reverse are not fully brought up, but the design elements are otherwise well-detailed. A few small ticks on each side limit a finer grade, but these are of little concern in the shadow of beautiful semiprooflike fields and rich, satiny devices. The overall quality is outstanding.

    Population Data (4/15): This outstanding example is one of only two pieces for the grade at PCGS, with only a single MS66 coin finer. The finest at NGC are a pair of MS63 representatives.

    Heritage Commentary: Among 1840s Seated dollars, the 1848 was a "down year" for production, with just 15,000 business strikes minted. Additionally, the changing relative values of silver and gold -- and the unchanging ratios laid out in law -- caused the bullion value of many silver coins of this period, dollars especially, to climb beyond their face value, thereby making it profitable for individuals to melt them down soon after minting. This practice continued into the 1850s and was revitalized during the Civil War, causing the modern-day scarcity of many silver dollar issues from this period, and that of many smaller-denomination dates, as well. Given this long period during which many coins were destroyed, it is almost surprising that any Mint State examples of the 1848 Seated dollar survive. Fortunately for collectors, a small number of Uncirculated pieces are known, with the present offering among the finest survivors.

    Provenance: FUN Signature (Heritage, 1/2012), lot 3303.(Registry values: N4719) (NGC ID# 24YK, PCGS# 6935)

    Weight: 26.73 grams

    Metal: 90% Silver, 10% Copper


    Learn more at the Newman Numismatic Portal at Washington University in St. Louis.

    Auction Info

    Auction Dates
    May, 2015
    12th Tuesday
    Bids + Registered Phone Bidders: 13
    Lot Tracking Activity: N/A
    Page Views: 978

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