LOT #3112 |
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1860 $1 MS65 NGC. OC-2, R.4....
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Sold on Aug 15, 2023 for:
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Description
1860 Seated Dollar, MS65
A Major Condition Rarity as a Date
1860 $1 MS65 NGC. OC-2, R.4. Seated Liberty dollars of 1860
were apparently intended mainly for use in the export trade to
China, where many were melted. In his Silver Dollars and Trade
Dollars of the United States, David Bowers writes:"They never were available from the Mint at face value, and all were paid out at $1.08 each to bullion dealers, banks, and others who fed them into the Orient trade. A small percentage of the mintage (217,600 business strikes) circulated domestically after the resumption of specie payments in autumn 1876."
There was also little interest in circulation-strike Seated dollars during the early 1860s, and collectors desiring date sequences of dollars were satisfied with Philadelphia Mint proofs. Thus, high-grade coins became increasingly scarce as numismatic neglect went on, and eventually became the rarities they are today.
The current Gem offering displays attractive satiny luster. A sharp strike characterizes the design elements, including the star centers, Liberty's foot, and the eagle's plumage. Only the hair atop Liberty's head reveals minor softness. Smooth silver-white surfaces are nicely cared for, showing just a few minute, grade-consistent marks. We mention a small indentation on Liberty's forehead solely as a pedigree marker. Census (unchanged in 15 years): 6 in 65, 1 finer (7/23).
Ex: FUN Signature (Heritage, 1/2009), lot 3956.(Registry values: N7079)
Coin Index Numbers: (NGC ID# 24Z2, PCGS# 6949, Greysheet# 7209)
Metal: 90% Silver, 10% Copper
Weight: 26.73 grams
ASW: 0.85oz
Mintage: 217,600
Auction Info
2023 August 15 - 20 ANA US Coins Signature® Auction #1364 (go to Auction Home page)
Auction Dates
August, 2023
15th-20th
Tuesday-Sunday
Bids + Registered Phone Bidders: 14
Lot Tracking Activity: N/A
Page Views: 469
Buyer's Premium per Lot:
20% of the successful bid per lot.
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