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Lot 0042 1859-S Liberty Seated $1 PCGS AU58

Currency:USD Category:Coins & Paper Money / US Coins Start Price:1,750.00 USD Estimated At:3,500.00 - 5,000.00 USD
Lot 0042 1859-S Liberty Seated $1 PCGS AU58
Trade between the United States and China increased during the late 1850s, and the federal government encouraged the use of the San Francisco Mint for silver dollar production to fill the orders of the big exporting banks and merchants. The 1859-S has the distinction of being the first S-mint silver dollar (the mint opened in 1854 but primarily struck gold eagles and double eagles in the first years). 1859-S is known as a scarce coin for obvious reasons: only 20,000 were produced, many of which were later melted or otherwise sent overseas. Pleasingly detailed in striking with not too much strike weakness on the eagle's neck feathers and upper wings (usually these areas are much weaker). Collectors who go in the best circles will strive to purchase this attractive coin.