1857 $1 MS(PCGS#6945)

1857 $1 MS (PCGS#6945)

June 2023 U.S. Coins Auction

Losbeschreibung: 1857 Liberty Seated Silver Dollar. OC-2. Rarity-3. MS-61 (NGC). Handsome and scarce Mint State quality for this challenging Liberty Seated dollar date. Richly toned surfaces are dressed in blended dove-gray, light russet and steel-olive shades with some underlying cobalt blue evident as the coin dips into a light. Typically soft in strike for the issue, especially along the upper obverse border, yet appreciably lustrous and generally smooth in hand. There were no significant sources of domestic silver when the Philadelphia Mint struck just 94,000 silver dollars at the request of bullion depositors in 1857. Most, if not all of the silver for this issue came from imports (primarily from Mexico) or the many foreign coins that had found their way into U.S. commercial use over the preceding several decades. These newly minted silver dollars did not circulate domestically but, instead, were used in the export trade, primarily with the Orient, where they were melted by Chinese merchants and bullion brokers who favored the slightly heavier Mexican dollar for commercial use. The 1857 is understandably scarce in all grades, and in Mint State it is a notable condition rarity. PCGS# 6945. NGC ID: 24YW. Click here for certification details from NGC.