Lot 1705
1859-S Liberty Seated Dollar. PCGS graded AU-55. Semi-reflective fields and white, almost completely untoned surfaces. Original satiny luster is seen in a thin ring around the periphery. Light hairlines and a few scattered abrasions, most noticeably two scratches by stars 3 and 4 and 2 tick marks right of Liberty's knee. Well struck and Liberty still possesses intact mint frost on her gown. On the reverse, delicate raised die lines can be observed in the protection of the legend.
The 1859-S has the potential to become a much more widely recognized "classic" in U.S. numismatics. The first distinction this issue has is that of being the first dollar ever produced by the San Francisco Mint. Secondly, this is the only No Motto Seated dollar ever produced at the San Francisco Mint. During this time frame, the merchants of San Francisco needed a medium for payment to the Chinese trade. The response of the U.S. government was to have 20,000 struck, hardly enough to meet the demands of commerce. As a result, the entire mintage most likely entered circulation and the 1859-S is scarce in all grades. Mint state survivors are but a handful of known examples. The present piece, with semi-reflective fields and pleasing technical qualities is a serious opportunity for the Seated dollar specialist or anyone seeking to buy a rare, important and undervalued silver dollar! PCGS population of 13 with 30 finer. Housed in an old PCGS green label, fat letter holder (PCGS # 6948) .
Estimated Value $3,000 - 4,000.
The Michael M. Magdic Collection.
|
| |
| Realized $4,485 |
