1854 $1 MS(PCGS#6942)

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

拍卖行

Stack's Bowers

批号

3446

等级

AU55

价格

45,153

详细说明

1854 Liberty Seated Silver Dollar. OC-1. Rarity-3+. Repunched Date. AU-55 (PCGS). This sharply struck and lustrous 1854 dollar displays mottled steel-olive patina with iridescent reddish-gold undertones. It is sure to appeal to advanced Liberty Seated dollar collectors. The 1854 is a low mintage issue with just 33,140 circulation strikes produced. As was customary during the era, this mintage was achieved at the request of bullion depositors, who used the coins in export trade to Europe and China. Few examples of this issue returned to the United States in payment for goods, and it is likely that the Orient was the destination for most, where the coins were melted for their bullion content. This sharp Choice AU is among the finer examples of the 300 or so pieces believed extant in all grades (per Osburn and Cushing, 2018).From Q. David Bowers, 1993: "Just as the 1853 has an unexplained availability for a Liberty Seated dollar of the decade of the 1850s, the 1854 has kept the secret of its rarity well. Although 33,140 were struck, or a mintage just below that of 1850-O and double that of 1848, circulated 1854 dollars are few and far between today. This may be the rarest Philadelphia Mint Liberty Seated dollar after 1851-1852. In fact, dollars of this date were considered rare by Montroville W. Dickeson (in his American Numismatical Manual) in 1859, just five years after they were minted! Writing in 1880, Ebenezer Locke Mason considered the 1854 to be the rarest circulation strike silver dollar dated after 1852 (Mason did not consider mintmarks, as these were not collected at the time). Why are they rare? As noted, the most logical explanation is that most were exported and melted. Possibly, many dollars of the 1850s were among the 40,000 melted at the Mint in 1861 to provide bullion for subsidiary silver." Bowers estimated that only 130 to 200 exist in circulated grades. Provenance: From the Midwest Cabinet. PCGS# 6942. NGC ID: 24YT. Click here for certification details from PCGS.