Lot 333
1859-S. PCGS graded MS-62. Light grey toning on both sides. Well struck for this coin, and a tough issue to find at all with only 20,000 struck. From that paltry start only about 35 are believed to exist in all grades of Mint State. Most of these were struck for export to China, and the town of San Francisco, a major jumping off port for the Orient, was a natural place to coin these soon to be exported coins. However, the Chinese actually preferred the familiar Mexican silver coins of known weight and purity, hence the demand for additional Liberty Seated dollars slumped in the following years, which is accounted for the low San Francisco mintages in the early 1870s from this series.Today the 1859-S remains one of the most popular of the early mintmarked dates from this series. Pop 9; 9 finer, 7 in 63, 1 in 63+, 1 in 64. (PCGS # 6948) Estimated Value $8,000 - 8,500
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