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1858 Seated Liberty Silver Dollar

Original Lot at Stack's Bowers

Lot #
7414
Grade
PR64
Sale Price
$21,850.00

Auction Details

Firm Sale Type Name Date Notes Lot
Stack's Bowers Auction August 2011 Chicago ANA - Rarities Night Aug-2011 CAC 1858 Seated Liberty Silver Dollar. Proof-64 Cameo (PCGS). CAC. The United States Mint refrained from producing circulation strike silver dollars in 1858, there apparently being no need for additional coins of this denomination in export trade throughout that year. Proofs were struck, however, and in greater quantities than in earlier years as Mint Director Colonel James Ross Snowden made the first real attempt to market such pieces to a wider body of contemporary Americans. The exact number of proof 1858 Seated dollars struck remains a mystery, and the subject has long been debated by numismatic scholars. With an estimate of only 250 coins extant in all grades (per the website pcgscoinfacts.com), it seems likely that the original mintage figure is on the order of 300+ pieces.

    A delightful specimen with eye appeal that is superior even at the near-Gem grade level, we note first and foremost delicate golden-apricot iridescence that is a bit more pronounced for the obverse. The toning is so light, however, that one's eye is immediately drawn to bold cameo contrast between satiny devices and brightly mirrored fields. Free of all but a few wispy handling marks, a pair of shallow planchet voids in the right reverse field are noted more for pedigree purposes than for any other reason. Lovely!

Numismatic Reflections by Q. David Bowers
A very nice example of a coin for which it is believe that just 210 pieces were issued (see correspondence in my American Numismatics Before the Civil War book). Today fewer exist, and the appearance of one in any grade is a notable occasion. After the 1851 and 1852, this is the third rarest Philadelphia Mint date but, unlike the first two, without any related circulation strikes. A lovely coin worthy of your careful contemplation and corresponding bid.