1846-O $1 MS(PCGS#6933)

The Regency Auction XXI May 2017

Auctioneer

Legend Rare Coin Auctions

Lot Number

308

Grade

MS63+

Price

19,388

Lot Description

An historic issue, the first of only four years that the New Orleans mint struck Seated Liberty dollars. This one is clearly in the condition census for the year. Only 59,000 coins were struck in June, and most went right into antebellum circulation, where they remained for many years, few were saved for posterity. Deep dove-slate toning shows accents of lilac, powder blue, and gold hues when the luster catches the light in the right angles. The devices are very well struck with all of Ms. Liberty’s hair, drapery, and shield details on the obverse and the eagle’s feathers are all boldly impressed by the dies. Our sister firm has assisted our partner, Bruce Morelan, to assemble the all-time finest set of Seated dollars. They have also assisted other collectors with sets, and this one is an old friend. The cataloger (GC) has handled only one coin graded higher, the Linnemann Family coin, graded MS64 (no-CAC), sold in June 2013 which sold for a near record price of $44,063. PCGS 8, NGC 2, CAC 4. This coin likely counts for two of those CAC records, and is the only example graded MS63+. PCGS has graded only 3 coins finer, 2 in MS64 (including the above cited Linnemann coin), and a 64+ (the Morelan coin). The finest graded at NGC is MS65, and is presumably the Eliasberg coin. The presently offered coin has not sold in auction since 2009. The most recent MS63 sold for $18,800 in the 2016 ANA auction, and the now MS64+ last sold in January 2015 for $70,502. The current PCGS Price Guide lists a value of $24,000 and we would not be shocked if this coin brought close to that amount. There are several new collectors who are specializing in high end dollars, and we expect strong bidding when this one crosses the block. PCGS # 6933 Cert. Number 18528656 PCGS # 6933