1841 $1 MS(PCGS#6927)

August 2018 ANA U.S. Coins Auction Philadelphia, PA

拍卖行

Stack's Bowers

批号

3421

等级

MS63

价格

34,481

详细说明

1841 Liberty Seated Silver Dollar. OC-4. Rarity-1. MS-63 (NGC). This is a very well preserved example of this otherwise readily available early 1840s silver dollar. This is a brilliant coin, with silver white surfaces that allow ready appreciation of a bright satin to semi-reflective finish. The strike is sharp, indeed most design elements are fully defined, and the surfaces are remarkably smooth for the assigned grade. An outstanding offering for the advanced type collector silver dollar enthusiast. Silver dollar coinage during the 1840s was achieved solely at the request of bullion depositors who specifically requested examples of this denomination. In 1841 the Philadelphia Mint produced 173,000 circulation strike dollars. Very few silver dollars circulated domestically during the 1840s since the coins were worth a premium of anywhere from three to six percent in terms of paper money. The reason for this premium is that dollars, like gold coins, were useful in international commerce, being preferred over the smaller denomination silver coins. Indeed, most 1840s Liberty Seated dollars were exported to Europe, primarily England, but to a lesser extent also France. Beginning in 1842, China also became a primary export destination, as merchants in that country strongly favored silver over gold. According to Q. David Bowers (A Guide Book of Liberty Seated Silver Coins, 2016), many of the silver dollars that were exported to Europe eventually returned to the United States to pay for goods such as cotton. These coins account for many of the circulated Liberty Seated dollars from the 1840s that have survived to the present day. On the other hand, virtually all of the dollars exported to the Orient were melted. Thanks primarily to 19th century repatriations from European banks and merchants, most silver dollar issues from the 1840s are available in circulated grades. The same cannot be said for Mint State coins, which are rare as a group. There was no numismatic interest in circulation strike silver dollars during the 1840s; the handful of collectors in the Northeast who cared to own an example of this denomination acquiring one of the few Proofs that the Philadelphia Mint produced on a yearly basis. As such, the survival of a Mint State coin such as this Choice 1841 was purely a matter of chance. A highlight of the Liberty Seated dollar offerings in this sale, this impressive condition rarity is sure to catch the eye of astute bidders. A sizable scratch on the back of the NGC holder is noted, making this coin a candidate for reholdering should the winning bidder choose to pursue that option with NGC. Provenance: From the Midwest Cabinet. NGC Census: 5; 6 finer (MS-65 finest). PCGS# 6927. NGC ID: 24YB. Click here for certification details from NGC.