Lot 796
1876. NGC graded Proof 64 Cameo. PQ. Lovely even blue shade. An incandescent and sparkling toned coin and one whose originality, whose beauty comes with fully defined design features. We note there is a torrent of varying hues on both sides but primarily vivid blue. At the time these were introduced in 1875, the Western silver producers were selling large amounts of silver to the mints at a decent price in the early 1870s. Yet due to the acquiescence of the Mint Director, Linderman, it never seemed quite enough. Politician and Nevada silver booster, Senator Jones, attempted to improve the situation further by introducing legislation for a twenty-cent piece. He proposed 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.)
In the end, Congress did authorize the new coins, but they were the "original" Susan B. Anthony dollars but in this instance because they were easily confused with the similar looking Seated Liberty quarter dollars. Authority to coin them was revoked in 1878 and they were quickly forgotten, except by astute numismatists. This lovely 1876 Proof was struck on the eve of America’s Independence centennial celebrations. Only 1,260 struck. Pop 17; 36 finer at NGC.
Estimated Value $4,000 - 5,000.
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| Realized $4,935 |
