1853 $1 MS64 PCGS....

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1853 Seated Liberty Dollar, MS64
Scarce Heavily Exported Date

1853 $1 MS64 PCGS. Only 46,110 Seated Liberty silver dollars were coined in 1853, a typical mintage for the 1850s, when silver dollars failed to circulate, except in foreign trade. Virtually all 1853 silver dollars were coined on private account, and the small mintages are a reflection of the limited amount of bullion deposited at the Mint.
The Seated Liberty dollars of the 1850s were seldom encountered in everyday commerce, and the Mint did not start widespread production of proofs until 1857. As a result, collectors were forced to depend on coin dealers and bullion brokers to secure specimens for their collections. An early auction appearance of the 1853 was in the J.N.T. Levick Collection (Edward Cogan, 12/1859), lot 28, "1853 Dollar, fine; no proofs coined." Several auction catalogs of the era mention the lack of proofs in 1853, however, demand was great enough that restrikes of the issue were coined at a later time, along with the famous 1851 and 1852 dates.
The present coin is a lovely near-Gem example, with brilliant fields and strong eye appeal. Striking details are sharp on the centers, with just a touch of peripheral softness seen on the stars. A few wispy abrasions in the fields and a couple of tiny carbon spots on each side are all that prevent a Gem grade for this specimen. Population: 15 in 64, 3 finer (12/09).(Registry values: N4719)

Coin Index Numbers: (NGC ID# 24YS, PCGS# 6941, GSID# 7203)

Metal: 90% Silver, 10% Copper
Weight: 26.73 grams
ASW: 0.77346oz
Melt Value: $13.92
Silver Spot: $18/oz (01-07-2010)
Mintage: 46,110

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