1859 $1 MS64 PCGS. CAC....

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Description

1859 Silver Dollar, MS64
Lustrous, Light Golden Patina
Exceptional Quality

1859 $1 MS64 PCGS. CAC. Light to medium peach patina graces smooth and semiprooflike surfaces. This piece is uncommonly well-preserved, even for the MS64 level. The strike is intricate except on Liberty's curls and the center of star 8. A wire rim is evident on the upper right reverse. An outstanding No Motto dollar that will please even the most demanding advanced collector.

Population Data (5/14): PCGS lists five MS64 and one each MS64+, MS65, and MS66. NGC shows 15 MS64 and none finer. CAC reports five MS64 along with a single MS65.

Heritage Commentary: According to Trade dollar authority John Willem and silver dollar dealer Q. David Bowers, the reason for increased mintages of silver dollars in 1859 and 1860 was foreign trade. Bowers writes, "most of these went to northern ports in China where the pieces were melted down and converted to bullion."

The 1859-O and 1860-O are surprisingly plentiful in bagmarked Mint State, due to the discovery of sealed Treasury bags of the issue during the 1960s. However, the 1859 is much rarer in Mint State than its New Orleans cousin. It is only moderately more available in XF and AU grades. The combined PCGS and NGC census is just 218 pieces, with many resubmissions over the years, although this number omits examples with "Details" grades due to damage or cleaning.

Provenance: Greenwich Collection (Bowers and Merena, 1/1991), lot 1831; Legend Numismatics (2/2007).(Registry values: N4719)

Coin Index Numbers: (NGC ID# 24YX, PCGS# 6946, Greysheet# 7208)

Weight: 26.73 grams

Metal: 90% Silver, 10% Copper

View Certification Details from PCGS