Lot 1528
1857. NGC graded MS-64 CAC Approved. A gorgeous looking business strike that resembles a Proof in appearance. Lovely blue and violet iridescent tones on top of the prooflike surfaces gives this coin tremendous eye-appeal. Some of the stars are fully detailed tough most are blunt, while all of the design details on Liberty -- from her toes and fingers, the clasp on her dress, her face and flowing locks, and the eagle's claws, face and most of its feathers are nicely detailed (top left wing a touch soft). Additionally, the denticles are well defined, with none weak. The surfaces are marvelous fresh and free from bagmarks -- especially the fields, so exposed to abuse. The faults if any are a few faint hairlining beneath the rich deep color. It's truly a delightful coin -- one of the finest known of the first date in this elusive series, per the following NGC stats: Pop 15; 2 in 66.
The history of the 19th century is filled with economic booms and peppered with bank runs and overextended stock markets after the booms got overblown. A financial panic erupted in 1857 (affecting Europe and Great Britain as well), which in America was centered on the failure of the New York City branch of the Ohio Life Insurance Co., a collapse which was in turn was blamed on over-speculation in railroads and real estate. The Panic of 1857 brought unemployment to the cities but was soon forgotten as "business as usual" returned in a year or two.
Estimated Value $13,000 - 14,000.
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| Realized $14,950 |
