SOLD
5,000.00USDto floor+ buyer's premium
This item SOLD at 2020 Feb 26 @ 23:35UTC-05:00 : EST/CDT
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***Auction Highlight*** 1846 only 30-40 Minted Ultra Rare; Very Cool Seated Liberty Dollar $1 Graded Select Proof By USCG. 0 Up for Auction is a Numismatic Rarity. A PROOF 1846 Seated Dollar. Mirrored Fields, Sharp rim, and a Distinctive Die marker that exactly matches two NGC hollered Proof Specimens. I have included closeups of the two NGC hollered coins showing the exact match to our example. Per PCGS ”Prior to 1858, proofs were not coined with any regularity or with any real plan for distribution, and this dollar was probably struck at the request of one of the few collectors of the time or as a presentation piece for some contemporary VIP. The 1846 proof silver dollar is a true rarity. Bowers estimates only 30-40 were coined, with 15 or so that can be traced today.” As some additional background of this true collectors rarity, I offer NGC’s thoughts “The South's bumper cotton crop that overloaded the world market in 1839 ruined countless American banks and plunged the entire country into economic stagnation. This situation remained unchanged until U. S. troops under the command of General Zachary Taylor exchanged shots with Santa Anna's forces just north of the Rio Grande River on April 25, 1846. Following Congress' declaration of war on May 13, the nation's economy continued to improve through 1848's Peace Treaty of Guadalupe Hidalgo. While the Philadelphia Mint's delivery of 110,600 business strike silver dollars in 1846 was rather high by the standards of the 1840s, few Mint State survivors are available in today's numismatic marketplace. Readily available through the About Uncirculated grade levels, it is obvious that this issue saw heavy circulation in America's reinvigorated commercial channels. The Philadelphia Mint's production of proof Seated dollars in 1846 reached the previously unimagined total of between 40 and 60 pieces. In his book Silver Dollars and Trade Dollars of the United States: A Complete Encyclopedia, Q. David Bowers asserts that the federal government may have intended to use many of these specimens as gifts for diplomats and/or military officers in connection with the ongoing war. Since this explanation is difficult to substantiate, we offer the explanation that the Mint Director may have foreseen increased proof sales in response to people's improved economic standing.”
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148 Route 73, Suite 3-284, Voorhees, New Jersey, 08043, United States
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