1856 S$1

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Sold on Jul 29, 1994 for:

$1,210.00 Bid Source: Internet bidder

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Description

PCGS 1856 AU 50. The 1856 is rare not because of a low mintage, as 63,500 pieces were struck. Rather, most of the business strikes were shipped to the Orient for use as "Trade Dollars," where they were either melted or defaced with chop marks. As a result, the 1856 is a rare coin in all circulated grades, AU pieces being especially scarce and worthwhile. Deep gray toning over both sides with faint undertones of iridescence. Reasonably well defined with only slight localized weakness noted on the obverse.
We believe this coin to be one of the very rare and underpublicized 1856/4 dollars, Breen-5454. While there is no crossbar visible within the lower loop of the 6, there is an angling spine-like projection on the inner curve of the top of the 6, and a tiny spike on the left portion of the outer curve of the bottom of the 6. A coin that merits further study by experts in this field.

Coin Index Numbers: (NGC ID# 24YV, PCGS# 6944, GSID# 7206)

Metal: 90% Silver, 10% Copper
Weight: 26.73 grams
ASW: 0.77346oz
Mintage: 63,500

View Certification Details from PCGS