1848 $1 MS (PCGS# 6935)

2012 January 4-8 US Coins & Platinum Night FUN Signature Auction- Orlando #1166

  • Auctioneer:
    Heritage Auctions
  • Lot Number:
    3303
  • Grade:
    MS64
  • Price:
    $63,250.00
Lot Description
1848 $1 MS64 PCGS. CAC. Among 1840s Seated dollars, the 1848 was a "down year" for production at just 15,000 business strikes. In addition, the changing relative values of silver and gold -- and the unchanging ratios laid out in law -- caused many silver coins, dollars especially, to be melted down soon after minting. By contrast, this near-Gem not only survived, it has done so with grace. Peach and blue-green patina drapes strong luster, satiny on the obverse and semireflective on the reverse. Aside from the expected small marks, peripheral striking softness is the only real demerit.
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