Lot 1676
1846-O Liberty Seated Dollar. PCGS graded MS-62. Burnt orange, champagne and magenta toning over lustrous and silky fields. Liberty and the eagle are frosty and well struck. One of the most pleasing silver dollars from this fantastic collection. While light hairlines can be observed in the fields, they are faint and undisturbing. When the 1846-O from the Eliasberg Collection was catalogued, that cataloguer mentioned the "delicate matte-like surface" present on the motifs. We note that on this specimen the same matte appearance is observed on Liberty's gown.
The 1846-O is the first Seated dollar to be struck at a branch mint and the only branch mint issue from the 1840's. Records show that 59,000 pieces were struck. Speculation has been made that some of the original mintage was exported but most likely a large number were melted during the 1850's. This is an issue that is tough in all grades. Usually seen in the heavily circulated condition, the 1846-O is significantly rare in AU and in mint state, excessively rare. Only a small number exist in mint state and few are known finer than the present grade. We feel that this specimen is close to Condition Census for the issue and should be inspected closely by all parties interested. PCGS has graded 8 in MS-62, 4 in MS-63 and 1 in MS-64 as finest (PCGS # 6933) .
Estimated Value $7,000 - 8,000.
The Michael M. Magdic Collection.
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| Realized $12,650 |
