Heritage World Coin Auctions
CSNS Signature US Coin Sale 1254 26-28 Apr 2017
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Seated Dollars
1846-O $1 MS64 PCGS. OC-1, R.2. Although the New Orleans Mint opened in 1838, no silver dollars were struck at the southern facility until 1846. In fact, only four issues in the Seated Liberty silver dollar series were struck at the New Orleans Mint: 1846-O, 1850-O, 1859-O, and 1860-O. Of these issues, the earlier two dates are much more difficult to locate than the later two, particularly in Mint State grades.
According to Mint records, only 59,000 Seated Liberty dollars were coined at the New Orleans Mint in 1846. The coins circulated heavily in the regional economy, rather than being used for export or being stockpiled in banks and Treasury vaults. There was little interest in branch mint issues before Augustus Heaton published his treatise on mintmarks in 1893, so few examples of the 1846-O were saved by contemporary collectors. As a result, the 1846-O is reasonably available in lower circulated grades, but the issue is a prime condition rarity at the MS64 grade level. Currently, PCGS has graded three coins with the MS64 designation (one of which is Plus-graded), and none finer, while NGC has not certified a single example in MS64 but reports one specimen finer, at MS65 (1/17).
The present coin is a delightful Choice example with remarkably well-preserved surfaces and vibrant mint luster on both sides. The design elements are well-detailed, with a touch of the expected softness on Liberty's head and the upper stars. The surfaces are blanketed in attractive shades of champagne-gold toning, with occasional accents of amber. Eye appeal is outstanding.
Ex: Beverly Hills Signature (Heritage, 11/2014), lot 3800.
From The Mesquite Collection.
HID02901242017
1846-O $1 MS64 PCGS. OC-1, R.2. Although the New Orleans Mint opened in 1838, no silver dollars were struck at the southern facility until 1846. In fact, only four issues in the Seated Liberty silver dollar series were struck at the New Orleans Mint: 1846-O, 1850-O, 1859-O, and 1860-O. Of these issues, the earlier two dates are much more difficult to locate than the later two, particularly in Mint State grades.
According to Mint records, only 59,000 Seated Liberty dollars were coined at the New Orleans Mint in 1846. The coins circulated heavily in the regional economy, rather than being used for export or being stockpiled in banks and Treasury vaults. There was little interest in branch mint issues before Augustus Heaton published his treatise on mintmarks in 1893, so few examples of the 1846-O were saved by contemporary collectors. As a result, the 1846-O is reasonably available in lower circulated grades, but the issue is a prime condition rarity at the MS64 grade level. Currently, PCGS has graded three coins with the MS64 designation (one of which is Plus-graded), and none finer, while NGC has not certified a single example in MS64 but reports one specimen finer, at MS65 (1/17).
The present coin is a delightful Choice example with remarkably well-preserved surfaces and vibrant mint luster on both sides. The design elements are well-detailed, with a touch of the expected softness on Liberty's head and the upper stars. The surfaces are blanketed in attractive shades of champagne-gold toning, with occasional accents of amber. Eye appeal is outstanding.
Ex: Beverly Hills Signature (Heritage, 11/2014), lot 3800.
From The Mesquite Collection.
HID02901242017