Lot 2918
1858 Liberty Seated Dollar. PCGS graded Proof 62. Only 300+ Proofs struck in this Proof only year. A hint of light toning. Some faint hairlines. Extremely bold strike on all devices. The year 1858 saw no business strike coinage of Seated Liberty dollars. Apparently, there was no call for coins of this denomination. However, the Mint made a fairly large issuance of lower denomination silver coins throughout the year for circulation. As a Proof-only date, the 1858 has for decades has been a numismatic coin larger than life, an object of yearning among the cognoscenti, a badge of accomplishment for any well-heeled Seated dollar buyer. It isn't going too far to compare it to its counterpart in the Morgan dollar series, the Proof-only 1895 dollar.
The year 1858 ushered in the first Mint-advertised Proof sets for sale to the public. In former years, collectors wishing to buy Proof sets had no problem. The Mint was glad to supply their requests for them. However, knowledge of this availability limited. Arguments surrounds the question of how many 1858 dollars were made. For over a century, dealers and collectors repeated the Chapman brothers' estimate of only 80 coins. Other old-time estimates have ranged as high as 200, with the suggestion that restrikes were made, possibly in the 1860s. In modern times, estimates have tended to be higher. Here indeed is a coin of mystery. One whose status is assured for generations to come. One for the connoisseur! Pop 24; 38 finer, 28 in 63, 6 in 64, 4 in 65 (PCGS # 7001) .
Estimated Value $8,500 - 9,000.
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| Realized $10,925 |
