1859-S $1 MS(PCGS#6948)

August 2018 ANA U.S. Coins Auction Philadelphia, PA

Auctioneer

Stack's Bowers

Lot Number

3454

Grade

AU58

Price

7,500

Lot Description

1859-S Liberty Seated Silver Dollar. OC-1. Rarity-2. Repunched Date. AU-58 (PCGS). CAC. OGH. This attractively original San Francisco Mint silver dollar is richly toned in lavender and olive-gray. Ample remnants of satiny mint luster can be seen as are iridescent undertones of cobalt blue and reddish-gold. It is sharply to fully defined throughout with superior quality and eye appeal for a survivor of this elusive, conditionally challenging issue. From a mintage of 20,000 pieces, 75% of which were exported to the Orient and eventually lost through melting. This coin is almost certainly one of the 5,000 examples struck in July 1859 that were distributed into domestic commerce on the West Coast. A historically significant and eagerly sought issue, the 1859-S is the first San Francisco Mint silver dollar and the only one of the No Motto Liberty Seated design type. For extensive historical details see Q. David Bowers' Silver Dollars and Trade Dollars of the United States: A Complete Encyclopedia. Provenance: From the Midwest Cabinet. PCGS Population: 17; 23 finer (MS-64+ finest). PCGS# 6948. NGC ID: 24YZ. Click here for certification details from PCGS.