LOT Heritage Rare Coin Galleries  /  2007 Jan (FUN) Heritage Signature Coin #422  / 

1055

1860-O S$1 MS66 NGC. Ex: Foxfire. Numismatic researche

Currency:USD Category:Coins & Paper Money / US Coins Start Price:50,000.00 USD Estimated At:1.00 - 2.00 USD
1860-O S$1 MS66 NGC. Ex: Foxfire. Numismatic researche
<B>1860-O S$1 MS66 NGC.</B></I> Ex: Foxfire. Numismatic researchers agree that several thousand Mint State examples of the 1860-O Seated dollar were released during the 1962-64 U.S. Treasury releases of silver dollars; the disagreement is over the number released, which ranges from 1,000 on the low side to 6,000 on the high side. Bowers-Borckardt says of these pieces, "Nearly all of these coins were heavily bagmarked and today fall in the MS-60 or slightly finer category." A gander at the NGC and PCGS population data confirms that as of this writing (11/06), a total of 830 examples have been certified from MS60 to MS63. The grade breakdown is (all figures for NGC and PCGS combined): MS60, 213 coins; MS61, 276 coins; MS62, 267 coins; and MS63, 95 coins. The number of MS64 pieces, however, is only 38, with 18 MS65 examples. There are only four MS66 pieces, all at NGC. <I>This piece is among the four finest known at either service.</B></I> Notice, then, how many coins are clustered in the MS60 to MS63 grade echelons, and it becomes obvious that a lower estimate of 1,000 Mint State coins is more nearly correct than higher estimates (it seems unlikely that more than a couple of hundred Mint State coins remain uncertified).<BR> The Bowers-Borckardt silver dollar <I>Encyclopedia</B></I> quotes Bruce Amspacher, who wrote, "The average BU 1860-O dollar earned the nickname of 'Quaker Oats dollar,' because it looks like it was shot from guns." Clearly, this remarkable specimen is <I>not</B></I> from those humdrum Treasury coins. Indeed, it has the look of a coin that has been faithfully and carefully preserved for many years in a single cabinet. The surfaces have a light, even, consistent amber-gold patina on both sides, accented by aqua-blue rims on the obverse. Brilliant luster emanates from beneath fields that are fairly prooflike. A cluster of small, grade-consistent abrasions is noted in the left obverse field along Liberty's left (facing) arm. The strike is bold, although a few of the right-side stars lack full central details. A lovely and unimprovable coin.<BR><BR><b>Shipping:</b> Coin/Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)
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