1860-O Seated Dollar, MS65+
1860-O $1 MS65+ PCGS Secure. CAC. Relatively common in low
Mint State grades, the 1860-O issue joins all other Seated Liberty
dollars as rare in Gem condition and extremely rare any finer. Just
10 examples have received such a lofty grade from PCGS, with a
single example (this coin) receiving the important PCGS Plus
designation for high-end quality and appeal. There are no
finer-graded pieces reported by PCGS.
Incredible, High-End Gem Example
Finest at PCGS
A mintage of 515,000 silver dollars was achieved at the New Orleans Mint in 1860, most of which was earmarked for export. Some of the mintage was placed into circulation and any remaining dollars were delivered into storage. No one knows exactly how many coins were released from the Treasury during the 1962-1964 distribution, but David Bowers claims to never have seen a MS64 or MS65 example from the Treasury hoard. Most coins were low-grade Uncirculated examples -- roughly handled during repeated shuffling and counting while stored, and heavily bagmarked as a result. Bruce Amspacher called the 1860-O date a "Quaker Oats dollar" because it looked like it was shot from guns.
This remarkable coin is far removed from all that. Essentially brilliant and prooflike, a thin veil of ephemeral golden-gray toning floats on the reflective fields and visits the frosted devices. No more than three or four tiny abrasions mark the surfaces, with a short mark near Liberty's left (facing) elbow serving as the most visible pedigree marker. The coin is boldly struck and exceedingly sharp with mint luster in full bloom over the silver surfaces.
An 1860-O dollar in Gem+ Mint State is an undeniable "condition rarity" of the series -- one that is seldom available any finer, and conceivably the ultimate opportunity for series specialists and high-grade type collectors alike. Population: 10 in 65 (1 in 65+), 0 finer (6/14).
From The Collection of Oliver Jung.(Registry values: N4719) (NGC ID# 24Z3, PCGS# 6950)
Weight: 26.73 grams
Metal: 90% Silver, 10% Copper
Learn more at the Newman Numismatic Portal at Washington University in St. Louis.
View all of [The Collection of Oliver Jung ]
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