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    Description

    1873 Seated Liberty Dollar, PR65 Cameo
    Last Year of Issue

    1873 $1 PR65 Cameo NGC. It was the best of times, it was the worst of times. It was the best of times in 1873 if you backed the gold standard, owned gold, or were being paid with gold or gold certificates backed by the yellow metal--as many foreign debtors were. Silver prices were plunging due to huge influxes of silver from Latin America and the United States' own fabulous Comstock Lode. The values of the dollar and gold rose, compared to silver.
    It was the best of times for domestic debtors, who could pay their debts with less-valuable silver over time. It was the worst of times if you were a silver miner or distressed Eastern bank lender, seeing your assets diminish or collecting debts in steadily depreciating silver.
    Against this backdrop the "Crime of '73" went through Congress, abolishing the Seated Liberty silver dollar in favor of the Trade dollar, among many other effects. The Trade dollar's silver excess, almost 9% compared to the silver in two half dollars (much as the Seated dollar after 1853), ensured that it would not circulate domestically (it would only be melted) and further set the stage for adoption of a de facto gold standard.
    The 1873 Seated Liberty dollars are popular as the last year of the type. Only 600 proofs were coined, although Breen comments in his Proof Encyclopedia that many were "undoubtedly melted" later in the year. All are of the Close 3 variety, with scattered rust marks on the breast and neck. The reverse is a reuse from 1872. This is a completely brilliant, all-white coin. The fields are deeply reflective and set up strong contrast against the frosted white on the devices. The surfaces are essentially problem-free with no mentionable contact marks on either side. Census: 6 in 65, 3 finer (8/09).(Registry values: N4719)

    Coin Index Numbers: (NGC ID# 252V, PCGS# 87021)

    Weight: 26.73 grams

    Metal: 90% Silver, 10% Copper


    View Certification Details from NGC

    Auction Info

    Auction Dates
    September, 2009
    10th-13th Thursday-Sunday
    Bids + Registered Phone Bidders: 9
    Lot Tracking Activity: N/A
    Page Views: 599

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