1870 $1 MS(PCGS#6963)

November 2021 Baltimore U.S. Coins auction

拍卖行

Stack's Bowers

批号

4051

等级

MS66

价格

420,494

详细说明

Glorious Premium Gem Uncirculated 1870 Silver Dollar 1870 Liberty Seated Silver Dollar. OC-5. Rarity-3+. MS-66 (PCGS). Tied for finest certified at PCGS with only one other grading event at the MS-66 level, this high Condition Census 1870 dollar is a fantastic condition rarity from the later Liberty Seated series. Intensely lustrous surfaces exhibit a smooth satin texture that borders on pristine. Generally brilliant, we note a few wisps and blushes of pale reddish-gold iridescence that are more prevalent on the obverse. Well struck for the type with most design elements sharp, even the most discerning collector will be impressed by this beautiful premium Gem example. Similar to that achieved for the 1869, the circulation strike mintage for the 1870 amounted to an unusually large (by Liberty Seated dollar standards) total of 415,000 pieces. These were struck at the request of bullion depositors, and many were used in the export trade. From 1869 through the series' end in 1873, the Liberty Seated dollar was better able to compete with the Mexican dollar in the China trade due to a tax in the former country that was first levied in 1869. Since dollars sent to China were melted, and enough examples have survived to make the 1870 one of the more common Liberty Seated issues in an absolute sense, an unusually large number of examples must have been retained in the United States. This is likely the result of production at the Comstock reaching a point where there was enough excess silver that some of it was deposited for coinage into dollars that would serve as a useful storehouse for the precious metal, and not necessarily because all of the coins were needed for the export trade. Common date status or not, of course, all circulation strike Liberty Seated dollar issues are scarce to rare in Mint State preservation. Indeed, many of the 1870 dollars that were retained in the United States eventually saw commercial use (and a good many were subsequently melted), so the survival of such as flawless coin as offered here is a matter of rare chance. A fleeting bidding opportunity for a coin that would serve with distinction in the finest type or date set. Provenance: Selections from the Aberg Collection. Ealier from Heritage's sale of the Usibelli Collection, January 2014 FUN Signature Auction, lot 5292; Heritage's Chicago ANA Signature Auction of August 2014, lot 5598; Heritage's sale of the Mesquite Collection, April 2017 CSNS Signature Auction, lot 4115. PCGS Population: 2; 0 finer. PCGS# 6963. NGC ID: 24ZD. Click here for certification details from PCGS. Click here to see Coins in Motion.[“Coins]