Description

    1857 Seated Liberty Dollar, MS65 Prooflike
    Rare Date, Most Examples Exported
    Only Two Coins Certified Finer

    1857 $1 MS65 Prooflike NGC. While the Mint's official 1857 Annual Report and the Guide Book both list the mintage of the 1857 Seated Liberty dollar as 94,000 pieces, research by R.W. Julian indicates a delivery of 490 pieces on May 29, 1857 was mistakenly omitted from the total. Q. David Bowers speculates the small delivery may have been a special striking for unknown purposes. Because the silver dollar contained a $1.046 melt-down value in silver, the coins rarely circulated domestically. Most examples were used in the China trade, and ultimately melted in the Orient, with the result that the issue is much rarer than generally supposed today. Bowers estimates a few hundred coins may still exist in circulated grades, with Mint State examples "quite rare." At the MS65 level, PCGS has certified two specimens, with none finer; while NGC has seen no coins in this grade, but has graded two examples finer (11/09).
    Most early auction appearances of the 1857 dollar were as part of silver proof sets, which seems to be the way most collectors obtained an example of the date. One early offering of a business-strike 1857 was in a fixed price list issued by Augustus B. Sage in June 1859. Sage was asking $1.50 for a very fine example, quite a markup for a circulated coin that was only two years old at the time.
    The present coin is a magnificent example, perhaps finer than the coin in Jack Lee's fabled collection. All silver dollars of 1857 were produced with prooflike surfaces. Even coins in circulated grades as low as XF show this feature. The fields of the coin offered here are nicely mirrored, with modestly contrasted devices. The surfaces are mostly brilliant, but there is a slight overlay of pale reddish patina on both sides. Pedigree markers include two tiny marks in the right obverse field and a mark below E in UNITED.(Registry values: N7079) (NGC ID# 24YW, PCGS# 6945)

    Weight: 26.73 grams

    Metal: 90% Silver, 10% Copper


    Fees, Shipping, and Handling Description: Coins & Currency (view shipping information)

    Sales Tax information  | NGC Coin Grading Guarantee  |  Terms and Conditions

    Bidding Guidelines and Bid Increments

    Glossary of Terms

    Auction Info

    Auction Dates
    January, 2010
    6th-10th Wednesday-Sunday
    Bids + Registered Phone Bidders: 5
    Lot Tracking Activity: N/A
    Page Views: 685

    Buyer's Premium per Lot:
    15% of the successful bid (minimum $14) per lot.

    Sold for: Sign-in or Join (free & quick)

    Heritage membership

    Join Now - It's Free

    VIEW BENEFITS
    1. Past Auction Values (prices, photos, full descriptions, etc.)
    2. Bid online
    3. Free Collector newsletter
    4. Want List with instant e-mail notifications
    5. Reduced auction commissions when you resell your
      winnings 
    Consign now
    • Cash Advances
    • More Bidders
    • Trusted Experts
    • Over 200,000 Satisfied Consignors Since 1976
    Only 27 days left to consign to the 2018 January 3 - 8 FUN US Coins Signature Auction - Tampa!

    Learn about consigning with us

    Heritage did everything splendidly to ensure that the coins would bring the best prices possible in the public market.
    [ Entire Letter » ]
    Museum of Connecticut History of Hartford, CT,
    Hartford, CT
    View More Testimonials

    HA.com receives more traffic than any other auction house website. (Source: Similarweb.com)

    Video tutorial

    Getting the most out of search

    Recent auctions

    2017 September 25 Virgil Brand Collection. U.S. and World Tokens and Medals US Coins Signature Auction - Dallas
    2017 September 25 Virgil Brand Collection. U.S. and World Tokens and Medals US Coins Signature Auction - Dallas
    REALIZED $89,367.00
    2017 September 7 - 12 Long Beach Expo World Coins Signature Auction - Long Beach
    2017 September 7 - 12 Long Beach Expo World Coins Signature Auction - Long Beach
    REALIZED $5,394,344
    2017 September 7 - 11 Long Beach Expo World Currency Signature Auction - Long Beach
    2017 September 7 - 11 Long Beach Expo World Currency Signature Auction - Long Beach
    REALIZED $1,491,769