1859-S $1 MS (PCGS# 6948)
The January 2012 Americana Sale
Lot Number: 10049
View the Original Auction
Handsome copper-gray patina blankets both sides and blends with even warmer olive-gray highlights around the peripheral and central devices. Uncommonly sharp in detail for a '59-S Seated dollar, especially one that acquired 20 points of wear, with no significant abrasions. Struck to the extent of just 20,000 pieces at the request of local California merchants, the 1859-S as an issue was intended primarily for use as payment for imports from the Orient. It is, therefore, the earliest direct predecessor to the circulation strike trade dollar series of 1873 to 1878. With most of the mintage exported and subsequently melted, the 1859-S is scarce to rare at all levels of preservation, especially when original, attractive and problem free for the grade, as here.