Goldberg Coins and Collectibles



Sale 57

Pre-Long Beach Coin and Currency Auction


Flowing/Draped/Liberty/Trade Dollars
 
 
Lot Photo Description Realized
Lot 1171
1794 B-1, BB-1 Rarity 4. PCGS graded Fine-15. Popular and lightly toned. The date is somewhat weak. A very popular date. Small flaw on the obverse as made. Recently offered in a Heritage March 2003 sale, it was described by the cataloger thusly: "This is an unmistakable 1794 Dollar. It has a prominent pedigree marker that is impossible to miss. It appears that a piece of bent wire, approximately 10 mm. long, that starts in the middle of Liberty's neck and terminates in the field just below the neck, fell between the die and the blank planchet, leaving a distinctive impression on the finished coin. This coin was unknown to the late Jack Collins. Jack spent decades researching 1794 Dollars and tracing their pedigrees. However, this coin has remained, until recently, in the collection of Cornelius Vermeule, noted author of Numismatic Art in America. It was purchased by Vermeule from Norman Stack in the late 1960s, while Mr. Vermeule was researching coin types with Mr. Stack for his landmark book."

A mere 1,758 pieces were made this first year of issue. Somewhere under 200 are known today. It appears that early in the minting cycle, after only a few 1794 dollars were struck, the dies became misaligned which caused the date and several nearby few stars on the left to be softly impressed. (The same thing occurred on the matching area on the reverse). This is quite visible on this piece, the weak detail from skewed dies being also affected by considerable circulation wear, which left only the tops of the date digits visible. The surfaces are a natural light "old silver" hue with more saturated gray color in the areas around the design and around the margin. Numerous small abrasions are detected with the aid of a glass, but none deserve singling out.


All known strikes of this issue were made on October 15, 1794. The designs were by Robert Scot, hailing originally from England, who also personally cut the dies. At the time silver dollars were first authorized in 1794, the mint did not have a coining press powerful enough to strike a large coin like this. The main one they did have could accommodate up to large cents and half dollars. Nevertheless, this smaller press was used to strike the first American silver dollars. It was soon revealed that it could not fully strike the design on the left side of the coin (the dies being slightly misaligned). Although the left hand stars and upper portion of the left side reverse letters are normally weakly impressed, they are completely visible to the naked eye.

To prevent filing and clipping by the public to reduce a minted coin's weight, the earliest U.S. silver coins were designed to have an ornamented edge. In this way, the removal of silver could be detected. For the 1794 silver dollar, lettering was applied by a machine which rolled the finished planchet between two parallel steel bars, upon each of which was half of the edge lettering inscription: HUNDRED CENTS ONE DOLLAR OR UNIT and ornamentation between words (PCGS # 6851) .
Estimated Value $75,000 - 5.
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Lot 1172
1795 Flowing Hair Dollar. Rarity 1. NGC graded MS-64. Well struck and problem free. The lovely smooth planchet shimmers with luster and vibrant sunset colors favoring hues of soft violet and deep blue. This very pretty and well-preserved specimen of a common variety lies near the apex of the Condition Census for the variety. It is an ideal flowing Hair dollar for a Type collector. Deep with the above-mentioned attractive toning, the original luster spreads widely over both sides, the obverse dominated by absolutely exquisite surface quality while the reverse is just about as pristine. The reverse has an identifiable small surface depression (as though a flake of metal escaped during the minting process) that left a shallow void above the eagle's head. The cartwheel luster is very impressive. An exceptional strike is noted throughout, with the often weak breast feathers showing many individual outlines. The most recognizable aspect of BB-27 is a raised line some call a "die bar" common to all BB-27s and visible at the back of Liberty's hair at the top curl. A Type buyer with sophistication and discernment, someone like our consignor, would be fortunate in the extreme to have this specimen in his Type set.

Variety Notes: BB-27 represents one of several varieties with the three-leaves reverse and the Head of '95 obverse. In this case, the portrait of Liberty is in a high-relief rendering on the finished coins. On the obverse, Liberty's lowest curl is open and distant from star one. The reverse displays 13 berries on the wreath, seven on the left branch and six on the right, with three berries beneath the eagle's wing on the left and two berries beneath the wing on the right. Pop 11; 2 in 65 for the 3 leaf variety. The detailed population report listed by die varities shows one BB-27 in 66 as finest for the variety.
Estimated Value $150,000 - 200,000.
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Lot 1173
1795. Two Leaves. B-2, BB-20. Rarity 3. NGC graded MS-64. A brilliant untoned frosty white mint example. Some softeness in the centers as made on a problem free planchet.

Flowing hair in six prominent curls with the lowest curl pierced and separated by the innermost point of star 1, and the curl is continued upwards to almost close its loop. Wide date, the 95 closer together than the other figures. This obverse occurs on BB-19 and BB-20. The reverse has two leaves under each wing. A leaf ends directly below center of first S in STATES and another leaf ends just under left corner of upright of E in STATES. The wreath is delicate, leaves small, berries large. 19 berries arranged nine left, 10 right.

The Flowing Hair design was used on silver coinage in 1794 and 1795. The design is found on half dimes, half dollars, and silver dollars and displays a youthful Liberty facing right with free-flowing hair. (The subsequent Type would have a hair ribbon at the back.)

Since the Coinage Act of 1792 which established the standards for America's coinage has as its centerpiece the silver dollar, the edge lettering on these reads HUNDRED CENTS ONE DOLLAR OR UNIT. The value exists nowhere else on the coin.

Between spring and late summer that year, 17 die marriages of 1795 flowing hair dollars were prepared and used to strike silver dollars. Employed were two bust punches, two separate wreath punches, and two different eagle punches. The mint struck a fairly large number of dollars in 1795: 160,295 to be exact, of which several thousand (according to the Bowers reference book on bust dollars) are believe to survive.

The present specimen is remarkable for its fresh color and frosty surfaces on both sides. It sits squarely atop the assigned grade classification and has lovely silvery brightness. Any marks are held to a minimum. Better still, there appear to be no adjustment lines on either side, a noteworthy observation which qualifies for special mention. The satiny surfaces are aglow with silvery color, devices sharper than on some, but lacking completeness on the eagle's wings and chest feathers, which, as often occurs, is softly brought up. High grade flowing hair silver dollars are the dominant theme among serious, advanced early dollar collectors, with comparatively few Mint States sold in any calendar year. Bowers (1993) estimated only four to six pieces remain in MS64 or better grades. Look for this beautiful MS64 coin to realize a strong price after much spirited bidding. Pop 1, finest graded 2 leaves at NGC. The NGC population also breaks down the various varities and reports two BB-20 examples in 65.
Estimated Value $150,000 - 200,000.
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Lot 1174
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Lot 1175
1795 Flowing Hair Three Leaves B-5, BB-27 Rarity 1. NGC graded VF-35. Nice even wear. We note a few minor adjustment marks and a couple of tiny rim flaws on the obverse between 8:00 and 9:00. The flowing hair 1795 BB-27 is the variety seen most often of this year's coinage. A couple thousand or more may exist; with Bowers putting the estimated population at 2,500 to 3,500 in all grades combined. The die steel must have been very well tempered to have lasted so long. Due to the depth of the Liberty portrait in the die, the resultant coins were in high relief. This caused the hair to wear quickly at the center of the obverse, with the result that pieces grading VF or lower usually have little detail remaining.
Estimated Value $4,500 - 5,000.
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Realized
$4,830
Lot 1176
1795 B-4, BB-14 Rarity 3. NGC graded VF-25. Nicely toned. 2 Leaves. Attractive light to medium gray surfaces whose absence of circulation marks gives this coin the advantage over others in the same numerical grade. Full details on devices, legends and rim dentils on both sides. This die marriage, sometimes called the Hidden Star variety, has the unusual placement of star 15 beneath the tip of Liberty's bust. Also, BB-14 represents one of several varieties with the two-leaves reverse and the Head of '94 obverse. On the obverse, Liberty's lowest curl is open and is distant from star one. Star 15 is completely beneath the end of Liberty's bust. The reverse displays 17 berries on the wreath, nine on the left branch and eight on the right, with three berries beneath the eagle's wing on the left and three berries beneath the wing on the right.
Estimated Value $4,200 - 4,400.
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Realized
$4,025
Lot 1177
1795 Flowing Hair Three Leaves B-5, BB-27 Rarity 1. PCGS graded VF-30. Attractive antique gun-metal blue toning turning to iridescence about the borders on both sides. A small planchet flaw as made by the thirteenth star. Smooth surfaces; choice rims. Desirable Red Book variety with 3 leaves under each wing.

BB-27 is noted for having Liberty's flowing hair in six curls, the 3rd and 4th close together; the 4th has a tiny curved "tail" extending downward, and visible on higher grade pieces. Lowest curl distant from star. A distinctive "bar" over 2 mm. long extends diagonally from close to top curl toward point of 5th star. Look for the "bar" near uppermost curl. Wide date, the 1 and 7 farthest apart.

"As is the case with the obverse die used to coin BB-21, BB-22, and BB-23," explains the Bowers encyclopedia, "the present obverse had the head of Miss Liberty deeply impressed into the die, causing it to be in slightly higher relief than other varieties of the year; because of this, the hair details wore away quickly as the coins circulated." (PCGS # 6852) .
Estimated Value $4,500 - 5,000.
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Lot 1178
1795 $1 B-14, BB-51 Rarity 2 Off-Centered. NGC graded EF-45. Pop 11; 20 finer for the variety. We note a couple minor obverse rim marks, but all in all this is an attractive coin. The eagle's wings and breast show nice detail. Having struck the flowing hair style in 1794 and for most of 1795, the Mint switched gears by presenting commerce with the attractive new draped bust, small eagle style late in 1795. Two varieties are known. This has the bust to the left of center.
Estimated Value $3,500 - 4,000.
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Realized
$6,900
Lot 1179
1796 Draped Bust Dollar. Small date, large letters. . BB-61, B-4. PCGS graded VF-30. Well struck on a nice clean planchet with medium grey toning and lighter highlights. The Mint experienced various difficulties in 1796, including a yellow fever epidemic. Coinage was anything but easy. On June 1, 1796, Tennessee was admitted to the Union as the 16th state. While other denominations reflected this, 16 stars were not used on silver dollars until 1797, which suggests that obverse dies for 1796-dated dollars were made prior to June. The number of dies employed to create 1796-dated dollars is as follows: 1796 obverses, 4; 1796 reverses, 4 (includes one left over from 1795).

Problem-free surfaces like this are the exception. In addition, the strike is strong for a draped bust dollar of 1796, with all areas complete save perhaps for a hint of lightness at the eagle's body and legs. Choice rims.

Diagnostics include: Small, wide date with 96 close and 6 tipped to the left on BB-61. There is a raised "dot" die flaw over 1 in date and closest to bust, with a tiny extra projection or flaw extending from the space at the bottom of star 11. This and the obverse used to strike BB-66, according to Bowers, were the first two obverse dies cut in 1796, and have the lower right tip of the R in LIBERTY intact. This obverse die used to strike 1796 BB-61 (early state) and BB-62 (late state).

BB-61 employs Reverse A, described by Bowers as "Large letters in legend. Letters AMER crowded and touch at bases. Eight plain berries in wreath. Berry under first T in STATES. Two leaves beneath eagle's right (to observer's left) wing, these having been added by hand in front of the cloud. Small defect in field attached to two denticles below, and slightly left of, left ribbon end. From the same hub used to create 1795 BB-51 and 52, but on 1796 BB-61 not as strongly impressed, with the result that the eagle's breast feathers are not bold. Bolender mentions a die defect in the wreath extending to the right side of the M in AMERICA and the right wing tip. Reverse die used to strike 1796 BB-61 only." Pop 33 (PCGS # 6860) .
Estimated Value $4,000 - 4,500.
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Lot 1180
1797 Draped Bust $1 B-3, BB-71 Rarity 2. Large Letters. Fine 15, cleaned and retoned. relatively plentiful issue within among 1797 varieties. 16 stars, only six at right facing bust. A die dot close to the bottom right of the second digit makes the date read 17.97 Large letters in reverse legend. 8 berries in left branch. Leaf ends under middle of E in STATES. Lowest berry near ribbon bow is on outside of wreath. Large planchet.
Estimated Value $1,500 - 1,600.
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Realized
$2,128
Lot 1181
1797 $1 B-2, BB-72 Rarity 4. 9x7 Small Letters. PCGS graded VF-25. A pleasing, evenly worn example of this rare bust dollar. Attractive antique gray coloration. In 1797, the number of stars on the silver dollar was increased to 16. The coinage is said by government reports to be the lowest of any year from 1795 to 1803, although now it is believed that the numbers given are incorrect. Bowers suggests that most or all of the mintage of 7,776 coins reported for the calendar year may have been of earlier dates, and that most coins struck from dies dated 1797 were actually made in early 1798.

From his encyclopedia: "It is a virtual certainty that many more than 7,776 silver dollars were struck with the 1797 date. I estimate the number to be 60,000 (within about 10%) … numerous numismatic data suggest that the mintage of 1797 must have been about on a par with that of 1796, or not significantly different. (I estimate the mintage of 1796 to have been 75,000, not far from the official government figure for the calendar year of 79,920; however, some 1796 dollars may have been struck later as well, and part of the 79,920 number may have consisted of 1795-dated dollars.)" Pop 1; 5 finer for the variety, 2 in 40, 2 in 45, 1 in 53 (PCGS # 40005) .
Estimated Value $4,000 - 4,400.
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Realized
$4,830
Lot 1182
1797 $1 B-3, BB-71 Rarity 2. 10x6 Stars. PCGS graded VF-30. Pop 1; 8 finer for the variety, 2 in 40, 4 in 45, 1 in 55, 1 in 58. Lovely golden hues add to the eye appeal quite nicely. No distinguishing features other than the expected light circulation marks on either side for the grade. Choice rims (PCGS # 40004) .

Die characteristics: OBVERSE 1 with 16 stars, only six at right facing bust. A die dot close to the bottom right of the second digit makes the date read 17.97. The star arrangement of 10 stars to the left and six to the right is unique in the dollar series. This obverse found on 1797 BB-71 only.

REVERSE A: Large letters in legend. 8 berries in left branch. Leaf ends under middle of E in STATES. Lowest berry near ribbon bow is on outside of wreath. Large planchet. A leaf is almost below the T in UNITED, a berry is under the center of the first T in STATES. Three leaves below eagle's right (observer's left) wing. Reverse die used to strike 1797 BB-71 only.
Estimated Value $4,000 - 4,500.
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Realized
$4,140
Lot 1183
1798 Draped Bust $1 B-1, BB-82 Rarity 3. Our grade is Sharpness of Fine. Cleaned and plugged. One of two 1798 dollars with small eagle reverse. 13 Stars (standard star count of the year), arranged 7 left and 6 right. Close date, knob 9, figures 98 close. Squared-off bottom to 7. Obverse die used to strike 1798 BB-82 (earlier use) and BB-91 (later use). REVERSE B: Small Eagle, Large Letters style. Struck from the same die used to strike 1797 BB-73. Eight berries in left branch. Lowest berry near ribbon bow is on inside of wreath. E of STATES lightly repunched.
Estimated Value $500 - 550.
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Realized
$660
Lot 1184
1799 B-13, BB-151 Rarity 5. PCGS graded EF-45. CAC Approved. Irregular Date. Well detailed for this more difficult 1799 variety, with soft gray highlights that add considerably to the appeal of this nearly mark-free specimen. We note a deeper shaded toning area in a band across the reverse; also, a short hairline in the field between I of UNITED and the wing. The reverse is positioned ever so slightly out of alignment to the left. On the obverse, a few tiny marks on Liberty's neck at center and a shallow depression on the cheekbone. Similar centering as found on the reverse (the dies must have been slightly misaligned in the press). There is a small scratch by the first star which identifies this side. Choice rims; ideal color for its grade and time-period, and the right "look" to entice buyers then, now, and far in the future. We suggest a bid. Pop 1; none finer at PCGS for the variety (PCGS # 40044) .
Estimated Value $5,000 - 5,500.
Ex: Miller/Hesselgesser Collection.

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Realized
$6,900
Lot 1185
1799 B-8, BB-165 Rarity 3. NGC graded XF Details, improperly cleaned. Actually quite lustrous with some scratches (possible adjustment marks) in the area around the clouds. Our grade is Sharpness of AU-53.
Estimated Value $2,500 - 2,800.
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Realized
$2,990
Lot 1186
1799 Draped Bust Dollar. Obverse damage. An otherwise well struck example with natural light to medium gray-brown on both sides. Nice hair curls, eagle, and shield, consistent with its careful minting.
Estimated Value $1,500 - 1,700.
Ex: William Luebke Collection.

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Realized
$1,840
Lot 1187
1800 Draped Bust Dollar. Improperly cleaned. Toned. Identifiers for this relatively common variety include a short dash at the base of the 1 in the date as well as a "collar" at Liberty's neck. Sharp devices are mostly unaffected by the cleaning.
Estimated Value $1,800 - 2,000.
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Realized
$2,300
Lot 1188
1800 Draped Bust Dollar. "AMERICAI". PCGS graded EF-40. A very popular variety. Nicely toned. The AMERICAI variety is the odd-man-out when it comes to Bust Dollars; many collectors are left scratching their heads in trying to explain the cause of the reverse die flaw that loosely resembles an I without serifs. It may be a stray mark from the engraver's tool. Whatever the cause, collectors have seen fit to call it the AMERICAI variety. Well struck. The underlying dove-gray toning is nicely framed by slightly mellower "old silver" color around devices. Those seeking an attractive example of this popular variety will pay careful attention to the current offering (PCGS # 40082) .
Estimated Value $3,500 - 3,700.
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Realized
$4,830
Lot 1189
1802. B-6, BB-241 Rarity 1. PCGS graded EF-45. A well struck example on a nice problem-free planchet. Hints of mint luster peek through the lovely natural antique greyish-violet toning. The 1802 BB-241 dollar is the one Heraldic Eagle dollar of 1798-1803 most often encountered, with many fine pieces known. It is identified by the missing right foot of T in LIBERTY. This is the only 1802 Normal Date variety with that feature.

A boldly defined coin like this, in lovely Extremely Fine condition is the exception. We expect that all will agree it is an aesthetically attractive early dollar with sharp details on the design elements on both sides (PCGS # 40088) .
Estimated Value $4,500 - 5,000.
Ex Dr. Hesselgesser Coll.

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Realized
$4,830
Lot 1190
1802 Draped Bust Dollar. . BB-241. Improperly cleaned. Nicely toned on both sides on a well-centered, nearly mark-free planchet. Full E PLURIBUS UNUM on the scroll.
Estimated Value $1,800 - 1,900.
Ex: Dr. Charles Ruby Sale Lot #1476 February 11-13 1974.

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Realized
$2,358
Lot 1191
1803. Large 3. B-6, BB-255 Rarity 2. NGC graded AU Details, improperly cleaned. The coin has an excellent look with uniform greyish-brown toning on both sides. Sometimes on this issue, the devices that were left by the dies are short of the required precision due to weak die pressure (bust dollars were struck on a hand-operated press), but we find the opposite to be the case here, everything is finely detailed, including the center hair curls, the shield's bars and strips. Including in this also, a full scroll with deeply impressed E PLURIBUS UNUM held in the eagle's beak. All a part of the careful minting.

Side note: A curious heraldic blunder occurs on the 1798-1803 dollars in showing the bunch of arrows in eagle's dexter or more honorable claw (observer's 1eft), the olive branch for peace in the sinister or less honorable claw (observer's right). On the Great Seal of the United States, from which the design is copied, these are the other way around. Also, when making the dies, the working hubs for the larger denominations lacked the full bunch of arrows, berries on branch, stars above eagle's head, and protruding end of stem; these details had to be entered into each working die by hand, a laborious task and often one where mistakes or inconsistencies happen.
Estimated Value $4,000 - 4,500.
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Lot 1192
1848 Liberty Seated Dollar. NGC graded Proof 64. A well struck Proof example and quite choice. Lovely mottled blue and lilac iridescent hues adds to its appeal. Both sides of this beautiful original example display a foundation patina. Mottled olive-russet overtones are seen toward the obverse border, and there are blushes of similar color in the field over the reverse eagle, as well as along the lower border on the latter side. Direct light angles allow the viewer to appreciate the reflective qualities in the fields, but even the most casual perusal will reveal needle-sharp design elements. A few wispy hairlines act to prevent an even finer grade, but stress should be laid on the fact that none of these aspects are of concern. Magnification reveals a small strike-through (as made) in the reverse field below the ES in STATES that helped us trace the pedigree of this important Liberty Seated dollar.

All Proof Seated Dollars minted in the 1840s are rarities when viewed in the wider context of U.S. numismatics. The 1848, while it is not the rarest Proof seated dollar from this decade, still ranks with others in the same general class as the 1842-1845 issues, as well as the 1847.

The obverse die that the Mint used to strike all known Proof 1848 seated dollars is identifiable by two areas of small die chips: one below Liberty's breast; and the other over the Liberty cap. The reverse die of this issue is Breen's "Reverse of 1842-1852" (Bowers' "Reverse of 1840-1850") Pop 6; 1 in PF-66, 1 in PF-67.
Estimated Value $30,000 - 33,000.
Ex. Bowers 7/2005 sale, earlier from Bowers May 1995 sale of the Kenneth C. Long Estate Collection, lot 1218.

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Realized
$29,900
Lot 1193
1856 Liberty Seated Dollar. NGC graded Proof 64. A fully struck beauty with gorgeous rainbow iridescent toning about the borders on both sides. Only a handful of proofs were struck. The Proof 1856 seated Liberty dollar is a noticeably rare issue, having been struck in the days before Proof coinage had become popular enough among the American collecting public for the Mint to offer the coins directly to collectors. Breen (1989) suggests that perhaps 40 Proof silver dollars of this date remain from the uncertain but obviously low mintage. This nearly flawless Proof 64 is nicely encircled by vibrant patina through which the smooth reflectivity gleams. Spot-free, it is also fully defined, razor-sharp we would say without hesitation, as seems appropriate to a Proof striking. Pop 15; 6 finer.
Estimated Value $15,000 - 16,000.
Ex Queller Coll; Ex Amon Carter Sale, Stacks 1/84 lot 265.

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Realized
$14,950
Lot 1194
1859 Liberty Seated Dollar. PCGS graded Proof 63. Even grey toning on both sides. Well struck. A sharp specimen that spares little in the way of compromises with its natural original color on both sides. Strike is sharper than average business strikes by a wide margin, which is why collectors prefer the fine detail of a Proof and why the Mint chose to sell Proofs to collectors beginning in 1858. A really attractive Proof 63 example without the usual handling marks seen on so many others. Only 800 proofs minted. Pop 33; 51 finer (PCGS # 7002) .
Estimated Value $4,000 - 4,300.
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Realized
$3,220
Lot 1195
1859-O Liberty Seated Dollar. PCGS graded MS-61. Normal bagmark scuffs in the otherwise extensive satin frost. Both sides are well struck in the centers; a few rounded stars as commonly seen with '59-O. A bag or two of these surfaced in the 1960s and it is from these that the specimens on the market usually trace (PCGS # 6947) .
Estimated Value $900 - 1,000.
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Realized
$1,955
Lot 1196
1860 Liberty Seated Dollar. PCGS graded Proof 63. Nice original toning on both sides. Attractive two-tone featuring delicate satiny frost on the high points while the fields are dominated by natural old-silver gray tones with accents dusky gold tones. The devices show contrast against the reflective field, but not deeply mirrored. Crisp detail on all devices. A choice Proof coin. Pop 35; 53 finer (PCGS # 7003) .
Estimated Value $2,400 - 2,500.
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Realized
$4,255
Lot 1197
1860-O Liberty Seated Dollar. PCGS graded MS-61. A hint of golden toning here and there. The brilliant white luster seems to infuse the surface with its satiny and consistent sheen. We can say without hesitation that the rich rewards of coin collecting were brought to the forefront when the U.S. Treasury released an original bag of 1860-O dollars in the early 1960s. This piece likely originated there. A typical well struck and lustrous coin that has moderately protected surfaces barring a few bagmarks. Clear-cut devices point to it having been given a clear blow by the dies. Weakness sometimes occurs at a few central locations of this issue, but not on this frosty coin (PCGS # 6950) .
Estimated Value $1,700 - 1,800.
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Realized
$2,128
Lot 1198
1865 Liberty Seated Dollar. Improperly cleaned. Only 46,500 pieces struck. The link between the uncertainty caused by the Civil War (1861-65) and the scarcity of silver dollars from the period, is evident in this low mintage.
Estimated Value $500 - 550.
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Realized
$2,013
Lot 1199
1867 Liberty Seated Dollar. NGC graded Proof 65 Cameo. A stunning milky-white gem with heavily frosted cameo devices. Iridescent satin to frosted white resonate off of the devices of this eye-popping original Gem. In former days, the luster was enough to determine a coin's status. But today, just as important is the strike: there is no deviation in the sharp relief seen, not even in the centers of the coin, the two shields, nor in the stars or sharp legends. Only 625 Proofs struck. Pop 10; 13 finer.
Estimated Value $10,000 - 11,000.
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Realized
$10,925
Lot 1200
1871 Liberty Seated Dollar. PCGS graded AU-50. Frosty untoned with sharp detail in the two shields, the reverse scroll, and all of the eagle's feathers (PCGS # 6966) .
Estimated Value $700 - 750.
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Realized
$920
Lot 1201
1872 Liberty Seated Dollar. PCGS graded Proof 64 Deep Cameo. Mostly untoned with a hint of lilac coloration near the edges. By adding the motto IN GOD WE TRUST on all silver and gold coinage, the Act of March 3, 1865 ushered in a new, if short-lived type for the seated dollar series (1866-73). An always popular issue among collectors because of the size of the coin Proofs are often selected for a high grade sets. Few, however, will have the opportunity to own such an awe-inspiring deep cameo example as this.

The barest trace of toning evident on either side, this feature allowing full appreciation of the remaining brilliant field-to-device contrast. While the former areas are deeply mirrored, the devices are smooth frosted in white finish. The strike is full on both side, and there is not a single handling mark that would call into question the validity of the grade designation. Worthy of a quality bid. Pop 4; 2 finer, 1 in 65, 1 in 66. Only 950 pieces struck (PCGS # 97020) .
Estimated Value $4,000 - 4,400.
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Realized
$8,338
Lot 1202
1873 $1. ICG graded Proof 64. Lightly toned with light hairlines on both sides. A pleasing and reflective Choice Proof whose satiny topped devices come with fully defined design features plus a torrent of natural toning hues on both sides. First year of issue. Scarcer Proof in all grades.
Estimated Value $1,900 - 2,000.
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Realized
$2,530
Lot 1203
1875-S Trade Dollar. PCGS graded MS-62. Obverse chop mark. Nicely toned and well struck for the issue (full obverse stars, for instance). A lustrous coin (PCGS # 87039) .

Historic note: Many trade dollars were sent overseas and circulated in China, where local merchants would note their acceptance of the coins with their particular stamp or signature. These merchant stamps of approval would be hammered into the coin with a punch, or chop, and have since become known as chop marks. Some individual coins show a few to dozens of these chop marks reflecting their days in commerce on the Asian continent. Technically, these circulated; but when sufficient original mint bloom remains to otherwise cause the coin to look as if it were new, a grade of Mint State is assigned, in spite of the chop marks.
Estimated Value $800 - 900.
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Lot 1204
1876 Trade Dollar. Artificial toning. Typical of Proofs this year, all devices are razor-sharp; impressive looking when viewed under low power magnification. And scarce: Only 1,150 Proofs were struck.
Estimated Value $900 - 1,000.
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Realized
$1,265
Lot 1205
1876-CC Trade Dollar PCGS graded Genuine. Our grade is sharpness of AU58, cleaned and artificially toned. Despite these issues, this is a decent example of a Carson City Trade Dollar (PCGS # 7042) .
Estimated Value $350 - 400.
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Realized
$719
Lot 1206
1876-S Trade Dollar. MS-60 Plus. Mostly brilliant white with a touch of natural golden toning about the borders on both sides.
Estimated Value $600 - 650.
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Unsold
Lot 1207
1876-S Trade Dollar. PCGS graded MS-61. Light die roller lines through the seated figure of Liberty (as made). Lustrous and untoned; an attractive S-mint Trade dollar. Has a die crack from the 1 of the date; others through some stars (PCGS # 7043) .
Estimated Value $500 - 550.
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Realized
$1,208
Lot 1208
1877 Trade Dollar. PCGS graded MS-64. A trifle soft on the head as struck. The surfaces are quite choice and frosty white with natural dark antique toning about the borders on both sides. Pop 63; 4 in 65 (PCGS # 7044) .
Estimated Value $3,000 - 3,500.
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Realized
$6,038
Lot 1209
  1877-S Trade Dollar. VF-25. Toned with an obverse scratch. Together with: 1912 Lincoln Cent MS-60+, perhaps cleaned. Lot of 2 pcs.
Estimated Value $70 - 80.
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Realized
$161
Lot 1210
1878 Trade $1. NGC graded Proof 65 Cameo. Golden hues scattered throughout both sides. Some luster graze areas on Liberty's face and nearby field. Only 900 coins struck for this proof-only year. Pop 23; 3 in 66 CAM, 2 in 67 CAM.
Estimated Value $6,000 - 6,500.
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Realized
$7,475
Lot 1211
1882 Trade Dollar. PCGS graded Proof 65 Cameo PQ. CAC Approved. Only 1,097 Proofs struck. A fresh Gem example loaded with impressive coloration, iridescent blue, gleaming and utterly stunning. Nice eye appeal. The reverse contrast between the frosty devices and mirrorlike fields is quite attractive.

In an attempt to obtain the best possible design for the Trade Dollar, Mint Director Linderman used a provision of the Coinage Act of 1873 to hire outside artists. There were several patterns made for the 1873 trade dollar, but in the end Linderman chose one by Chief Engraver William Barber. The adopted design has the familiar figure of a seated Liberty, but in a somewhat different pose from the standard coinage. Most of the 1873 coinage did go to the Orient, as intended in the legislation. By 1874 the ever-declining world price of silver made it advantageous to dump many trade dollars on the American domestic market for whatever they would bring. Finally, after 1878, the Mints ceased striking this design for circulation purposes. Sales of Proofs for collectors did however continue through 1883. Pop 5; 5 finer, 3 in 66, 1 in 67, 1 in 68 (PCGS # 87062) .
Estimated Value $6,500 - 7,500.
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Realized
$10,925






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