1853 $1 MS (PCGS# 6941)

2011 January Tampa FUN Signature & Platinum Night US Coin Auction #1151

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    Heritage Auctions
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Lot Description
1853 $1 MS64 NGC. CAC. Ex: Eliasberg. The Act of February 21, 1853 slightly reduced the amount of silver in subsidiary coinage, but left the dollar unchanged. This curious anomaly is probably best explained in the memoirs of John Sherman: "No mention of the dollar was made in the Act of 1853. It had fallen into disuse and when coined was exported, being more valuable as bullion than coin." That passage would lead one to think the coins that were saved would be plentiful in high grades. But that is obviously not the case when one looks at the numbers certified. NGC has only certified 30 pieces in MS64 with two finer (11/10). This example has bright, lustrous surfaces that are covered with steel-gray and golden toning. There are a number of small, but individually insignificant abrasions on each side, and the striking details are less-than-complete on the peripheral stars and the eagle. Ex: Eliasberg (Bowers and Merena, 4/1997), lot 2221.
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