1669

1859-S Liberty Seated Dollar NGC MS61

Currency:USD Category:Coins & Paper Money / US Coins Start Price:6,500.00 USD Estimated At:13,000.00 - 17,000.00 USD
1859-S Liberty Seated Dollar NGC MS61
The silver dollars of 1859 struck at the San Francisco Mint were minted primarily for use in foreign trade. That is why there are so few around, and even rarer to locate a full Mint State example like the splendid NGC graded '61 offered in this lot. Only 20,000 minted.

Bowers in his great encyclopedia of silver dollars authored with Mark Borckhardt, writes, "Neil Carothers, in Fractional Money (pp. 149-150), noted the following `In 1859 local [San Francisco] merchants presented bullion for coinage into silver dollars for export. When Director Snowden refused the superintendent's request for dies, that official insisted, saying there was a great excess of subsidiary silver in California which might possibly be relieved by the coinage of silver dollars. Snowden yielded to this absurd suggestion.'" (#6948)