Lot 1354
1850-O Liberty Seated Quarter Dollar. PCGS graded MS-63. Semi-reflective and lightly toned. A very scarce, heavily melted New Orleans issue quarter dollar. The present specimen displays smooth, ice-white devices under light golden brown streaks of toning that would settle for nothing less than a full 64 grade were it not for a few faint hairlines plus the standard weak stars and denticles. Quite scarce at the Mint State level.
As we commented upon on other occasions, silver coins from the first few years of the 1850s were melted in bulk as having higher metallic value than face value. It is for this reason, and this reason primarily, that few depositors chose to bring their silver in for coining into quarter dollars in 1850-2. A paltry 412,000 were struck of the 1850-O. Compare this with, say, mintage in the 1853 when production totaled many millions and you will see at once the rapid decline in mint totals (PCGS # 5416) .
Estimated Value $2,400 - 2,600.
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| Realized $3,840 |
