1869 $1 MS (PCGS# 6962)

Queller Family Collection of Silver Dollars

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    Heritage Auctions
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Lot Description
1869 $1 MS64 NGC. At 423,700 business strikes, the 1869 Liberty Seated dollar is on the high side among series mintages. Whatever happened to most of those coins is quite a mystery. Q. David Bowers notes in his Silver Dollars and Trade Dollars of the United States: A Complete Encyclopedia: "In The Gobrecht Journal, March 1986, Harry E. Salyards, M.D. contributed 'Rarity of the 1869 Dollar,' which told of his survey of 57 different coins which appeared in 128 auction sales, 1975-1985. He noted that … 36 Proofs [of just 600 made] appeared in comparison to only 23 business strikes. The latter broke down to eight Uncirculated coins and 14 in lesser grades." Today the situation is not dissimilar: The NGC-certified population of 1869 business strikes comprises 83 coins, only 32 of which are Mint State. There are only nine MS64 pieces at NGC, with three Gems finer. On the proof side, there are 196 proofs, with PR64 about the median grade (3/08). This piece has lovely, even reddish-golden toning over each side with an occasional accent of deep blue at the margins. The strike is full throughout, with no obvious or distracting marks on either side. Ex: Stack's private treaty, flip included. From The Queller Family Collection of Silver Dollars.
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