LOT Old Heritage Auctions  /  2008 April Rosemont, IL (CSNS) US Coin #1104  / 

2106

1850-O $1 MS62 NGC

Currency:USD Category:Coins & Paper Money / US Coins Start Price:16,000.00 USD Estimated At:1.00 - 1,000,000.00 USD
1850-O $1 MS62 NGC
<B>1850-O $1 MS62 NGC.</B></I> Although a total of 40,000 1850-O silver dollars were minted, most were subsequently converted to bullion. The PCGS <I>Population Report</B></I> bears evidence of this likelihood: Philadelphia struck 7,500 silver dollars dated 1850 and PCGS has graded a total of 141 pieces of that issue in all grades, yet they have certified only 134 O-mint dollars dated 1850 (3/08). And of the 1850-O Seated dollars that survived the melting pots, few were saved in high grade. Writing in 1993, Dave Bowers offers his opinion regarding the rarity of this issue in Mint State condition: "If you want a Mint State 1850-O dollar for your collection, I suggest that you compromise and acquire an EF or AU instead, at least as an interim strategy, for it may be years, if ever, until you can buy a nice Mint State coin. Examples are few and far between." <BR> To say that the current coin qualifies as a "nice Mint State coin" is an understatement. The strike is better than usually encountered on this issue and the surfaces are free of any distractions worthy of mention. Attractive rose and gold coloration blankets both sides and eye-appealing electric-blue iridescence clings to the devices on the obverse. Census: 4 in 62, 4 finer (3/08).<BR><I>From The Queller Family Collection of Silver Dollars.</B></I><BR><BR><B>Coin Engraver:</B> Christian Gobrecht<BR><BR><b>Shipping:</b> Coins & Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)
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