1859-S $1 MS (PCGS# 6948)

2004 Orlando, FL (FUN) Platinum Night

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    Heritage Auctions
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Lot Description
1859-S $1 MS63 PCGS. The 1859-S is a curious issue and one where the entire story is not known. Only 20,000 pieces were struck and the entire mintage was exported to the Orient. As one would expect, it is predictably rare in all grades, but it is oddly more available than the mintage would indicate. Bowers has speculated that some might have returned to the United States after specie payments were resumed. Nevertheless, most of the survivors are in the VF-XF grade range with Uncirculated pieces seldom seen or offered. This piece has fulsome mint frost, as one would expect from a San Francisco product, and the only mentionable abrasions are located out from stars 9 and 10, and between the eagle's right (facing) wingtip and the final A in AMERICA. The obverse shows light gray-blue toning while the reverse is brilliant. A rare opportunity to acquire this low mintage issue in mint condition. Population: 5 in 63, 0 finer (10/03).
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