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Sale 78
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Lot 1049
1863. NGC graded MS-67. Boldly struck and quite frosty. Struck during the time of the American Civil War in a interval when silver coins did not circulate in the eastern half of the country. It is instructive to note that the San Francisco Mint continued to strike large numbers of Half Dimes, Dimes, and other coinage, which circulated freely in out West -- there having been no hoarding -- while Easterners suffered. This serves to demonstrate how little the economy of the West interacted with outside events. For their part, East Coast merchants resorted to Fractional Currency, Encased Postage, Paper Money, private shin plasters (currency), and Civil War tokens as soft substitutes for hard money. A key Philadelphia Mint specimen from a tumultuous period in United States history.
A strikingly beautiful MS67 specimen that displays frosty luster which blazes around the surface like white lightning. The centers of the coin are a brilliant, bold and virtually alabaster color, with frosted allure spinning and dancing over the surfaces. The strike on the obverse is full, with all of Liberty's features, including the pendant dangling from her skirt, and the lettering of the Legend sharply defined. The only striking weakness is noticeable on the upper-left side of the wreath, a design feature seen on most circulation strike pieces in the Legend Obverse Type from 1860 to 1873. Any abrasions are tiny, muted and more or less indiscernible with the unaided eye. One of only 18,000 coins minted, this is a date long recognized for its scarcity and elusive nature in Mint condition. A near top-of-the-population coin that exhibits a supreme level of eye appeal. Its combination of scarcity, high grade and breathtaking beauty is wondrous. Pop 15; 4 finer, 1 in 67 Star, 2 in 68, 1 in 68 Star.
Estimated Value $2,500 - 2,600.
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| Realized $4,113 |
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