Lot 484
1877 20¢ Seated Liberty. NGC graded Proof 65 Cameo. A brilliant white untoned gem. Only 350 Proofs struck. Although the Western silver producers were selling large amounts of silver to the mints at a decent price in the early 1870s, due to the acquiescence of the Mint Director, Linderman, it never seemed quite enough. Nevada Senator Jones attempted to improve the situation by introducing legislation for a twenty-cent piece, producing the absurd claim that storekeepers in the West were shortchanging customers on the grounds that no five-cent pieces were on hand. There were plenty of half dimes yet in circulation in that area, but no one bothered to mention that fact.
At any rate, Congress did authorize the new coins, but they were the "original" Susan B. Anthony dollars of their day and about as popular as the later model. Authority to coin them was revoked in 1878 and they were quickly forgotten, except by caring numismatists.
This perfectly beautiful Gem Cameo Proof has earned the grading service's coveted 65 designation for its fine quality. Both sides display frosty bright silver devices that exhibit bold design definition. The fields are unendingly pools of reflection that are deep silvery close to the design motifs, changing to mirror perfection in the open areas. The connoisseur will quickly recognize and appreciate the desirability of this gorgeous twenty-cent piece. Pop 12; 12 finer, 9 in 66, 1 in 67, 2 in 67 star.
Estimated Value $9,000 - 10,000.
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| Realized $11,500 |
