Lot 929
1859-S. PCGS graded MS-61. Nice light gold toning. Only 20,000 minted. An historic issue, the 1859-S is the first Silver Dollar struck in the San Francisco Mint. It is also the only S-mint date in the No Motto Seated Dollar series that was issued from 1840 until 1866; one of just three San Francisco Mint deliveries in the entire Seated Dollar series. The '59-S was produced solely for export to the Orient. A case might be made that survivors of this 20,000-coin delivery are so elusive in today's market that virtually the entire mintage must have been sent to the Far East. Once overseas, these coins were melted because they were lighter than their Mexican 8 Reales counterparts, a coin they were meant to compete with, and one that Oriental merchants favored over all others. Very few 1859-S examples were retained stateside, and even fewer escaped the melting pot once exported. This, then, is one of the scarcest issues in the entire Seated Dollar series, and it is a significant condition rarity in all Mint State grades.
A gorgeous strictly graded MS61 meeting the tight requirements by the grading service for this designation. The original toning mingles nicely with the luster, and exhibits some lovely iridescence in the blues and amber-golds.
Pop 3; 14 finer, 6 in 62, 7 in 63, 1 in 64+ (PCGS # 6948) .
Estimated Value $9,000 - 10,000.
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| Realized $10,869 |
