1861 $1 MS(PCGS#6951)

The Regency Auction 39

拍卖行

Legend Rare Coin Auctions

批号

12

等级

MS64+

价格

135,650

详细说明

FROM THE BIGMO CIVIL WAR COLLECTION We fully believe this coin is a GEM MS64+++! It is certainly closer to MS65 than MS64 in our opinion. Virtually perfect surfaces are surprisingly clean and smooth. Only when using a strong glass can you find a few pinpoint hidden ticks that are seen under the totally original multicolored toning. There is a moderate luster that highlights the wonderfully colorful surfaces, as both sides are evenly enveloped by a thicker mix of deeper navy blue, golden-orange, apricot, rose, and magenta colors. This is NOT a dull or drab coin. Miss Liberty and the details are fully struck and stand out. The eye appeal is very pleasing! Only 77,500 silver dollars were struck. A significant number of these were exported for foreign trade (mostly to compete with the Mexican Cap and Rays 8 Reales in China). However, noted numismatic researcher R.W. Julian notes that some 40,000 examples were melted by the mint and used to produce the smaller silver denominations. No doubt that others were melted privately during the war. A very scarce coin even in circulated grades, that any Mint State examples survive is somewhat of a numismatic miracle. While refusing to supply troops against the South at the request of President Lincoln, Kentucky remained officially neutral throughout the first half of 1861. However, its intermediate position afforded Kentucky by its status as a border state caused neutrality to officially be broken in the fall, when Confederate forces under Gideon Johnson Pillow occupied Columbus. A split state assembly eventually declared loyalty to the Union after General Grant responded by moving through to Kentucky and contesting the Confederate occupation. PCGS 22, NGC 16, CAC 5. There are three in MS64+ at PCGS and only a single, non-CAC approved example has ever sold in auction, and that was six years ago! The current Collectors Universe Value for the MS64+ is only $14,500. PCGS has graded five coins finer, only one of which is CAC (a PCGS MS65 that is impounded in a major collection. We expect that coin would cost at least $50,000 today). This is such a great coin, we would not be surprised if this coin sells in the low $20's as demand has far exceeded supply for many years. Good luck! Cert. Number 26641622 PCGS # 6951