SOLD
6,750.00USD+ buyer's premium + applicable fees & taxes.
This item SOLD at 2020 Jun 03 @ 23:11UTC-4 : AST/EDT
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***Auction Highlight*** 1866/1866-p OC-1 R2 RPD Top 30 Seated Liberty Dollar $1 Graded Choice Unc By USCG. Highlight of the Entire Auction. Up for Auction is a Rarely Offered Choice Uncirculated 1866 Silver Dollar, MS-64. A visually engaging piece, the obverse and Reverse are both lightly toned and Both are Virtually Proof Like with Highly reflective fields. Simply put, this is a rare coin. But on Top of it being one of 30-40 Known Mint State Examples to have survived, it is also the OC-1 Doubled Date and Double Die Reverse. The circulation strike 1866 silver dollar has a limited mintage of 48,900 pieces, which only begins to tell the story of the issue's elusiveness in numismatic circles. Silver dollars did not circulate domestically in the United States during the early Reconstruction era, a situation that began in the 1850s when the immense quantities of gold mined in California upset the delicate balance between gold and silver in the global market. The bullion value of the United States' silver dollar soon outstripped its face value, but even so the weight of this denomination remained unchanged even after the Act of February 21, 1853 reduced the weight of smaller silver coins such as the quarter and half dollar. Instead, the Mint continued to strike silver dollars to the 412.5-grain weight standard, issues such as the 1866 being used almost exclusively in the nation's export trade. In essence, the late No Motto and early Motto issues in the Liberty Seated silver dollar series were predecessors to the trade dollar, circulation strikes of which were produced from 1873 to 1878. Given the paucity of examples in today's market, it is obvious that most 1866 silver dollars were exported. The few survivors likely represent coins that remained in government hands until a decline in bullion prices during the early to mid 1870s allowed their release. The coin offered here managed to avoid not only exportation but also domestic circulation, and it is one of a small number of truly Choice survivors of this challenging circulation strike issue. The fact that this is the first year that the motto IN GOD WE TRUST appears on the silver dollar further enhances the appeal of this rare and attractive coin. Worthy of inclusion in the finest collection. Just 17,781 quarter eagles were struck in New Orleans in 1839. It was a small initial output, but the Mint added half eagles in 1840 and eagles in 1841. As a town built on commerce, New Orleans placed its gold coins into circulation immediately, and quarter eagles from the New Orleans Mint are found well worn more often than specimens of this denomination from any other mint. While some examples of this issue survive in high grades, likely put away by the New Orleans citizenry as souvenirs of the new mint, this is the only gem. Described as "the finest" by David Akers, who chose this coin to illustrate the 1839-O quarter eagle in his book, this is the single best preserved specimen, an unsurpassable example. As the only Classic Head issue of the New Orleans Mint, it is a one-year type coin, adding a special layer of desirability to its historic importance as the first gold issue from our southernmost mint. A Corey's Pick, Bid to Win, Don't let it get Away, you might not find its equal Coin. I give this coin my highest recommendation
Auction Location:
148 Route 73, Suite 3-284, Voorhees, New Jersey, 08043, United States
Previewing Details:
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| From (Incl.) | To (Excl.) | Premium |
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Infinite |
21% |
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