1867 $1 MS (PCGS# 6960)

The March 2012 Baltimore Auction

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Lot Description
1867 Liberty Seated Silver Dollar. Breen-5478. Large/Small Date. MS-65 (NGC). In very high grades the 1867 is one of the rarest Philadelphia Mint issues in the entire Liberty Seated dollar series. While certainly not in the same rarity class as the 1851 and 1852, circulation strikes of this date are elusive even in worn condition. In Mint State, the situation is even more strained with there being precious few survivors from which advanced specialists can choose. It is a sign of the significance of this sale, therefore, that the 1867 silver dollar offered here is not only Uncirculated, but a solidly graded, Condition Census Gem.<br /> Lovely pinkish-silver iridescence blankets both sides. There are also crescents of powder blue toning at the rims, most extensively on the obverse from before star 1 to star 9. An otherwise satin to softly frosted finish thins to modest, yet appreciable brilliance in the fields. With a razor sharp strike and nary a distracting abrasion, this coin possesses strong technical quality and captivating eye appeal. A Gem for the Liberty Seated dollar date collector that demands the finest for their collection.<br /> The date has been punched over a previously entered logotype that was apparently intended for use in the production of 1867 Liberty Seated half dollars. This blundered date obverse was also used to strike Proof silver dollars of this date. Although this variety is certainly scarce as a circulation strike, we feel that Walter Breen's assertion (1988) that he knew of only two such examples of Breen-5478 is potentially misleading. Virtually all Mint State 1867 Liberty Seated dollars known to this cataloger (Jeff Ambio) -- a small sample of an an already limited and highly select group of coins, to be sure -- are examples of the Breen-5478 Large/Small Date variety. Although we may never know conclusively, it is intriguing to speculate that most Mint State 1867 silver dollars known today may have survived together as part of a small
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