1868 $1 MS (PCGS# 6961)

2008 May Long Beach, CA Signature Auction #1108

  • Auctioneer:
    Heritage Auctions
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Lot Description
1868 $1 MS64 PCGS. CAC. Beautiful peach patina graces the borders, which also display traces of ruby-red and ocean-blue. The well struck devices rise above the semi-prooflike fields. The obverse field has a few trivial hairlines, while the reverse is nearly pristine. From business dies without any repunching on the 1 in the date. The 1868 was struck for export, since Gresham's Law and unbacked Federal paper money drove specie out of circulation. Dealers of the day paid little attention to current issues, and it is unsurprising that the 1868 is much rarer in proof than in Mint State. Even XF and AU examples are difficult to acquire. An exceptional Reconstruction-era Seated dollar. Population: 8 in 64, 3 finer (4/08).
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