Heritage World Coin Auctions
CSNS Signature US Coin Sale 1254 26-28 Apr 2017
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Seated Dollars
1860-O $1 MS65+ PCGS Secure. CAC. OC-6, R.2. Relatively common in low Mint State grades, the 1860-O issue joins all other Seated Liberty dollars as rare in Gem condition and extremely rare any finer. Just nine examples have received such a lofty grade from PCGS, with only two pieces (one being this coin) receiving the important PCGS Plus designation for high-end quality and appeal. There are no finer-graded pieces reported by PCGS (1/17).
A mintage of 515,000 silver dollars was achieved at the New Orleans Mint in 1860, most of which was earmarked for export. Some of the mintage was placed into circulation and any remaining dollars were delivered into storage. No one knows exactly how many coins were released from the Treasury during the 1962-1964 distribution, but David Bowers claims to never have seen an MS64 or MS65 example from the Treasury hoard. Most coins were low-grade Uncirculated examples -- roughly handled during repeated shuffling and counting while stored, and heavily bagmarked as a result. Bruce Amspacher called the 1860-O date a "Quaker Oats dollar" because it looked like it was shot from guns.
This remarkable coin is far removed from all of that. Essentially brilliant and prooflike, a thin veil of ephemeral golden-gray toning floats on the reflective fields and visits the frosted devices. No more than three or four tiny abrasions mark the surfaces, with a short mark near Liberty's left (facing) elbow serving as the most visible pedigree marker. The coin is boldly struck and exceedingly sharp with mint luster in full bloom over the silver surfaces.
An 1860-O dollar in Gem+ Mint State is an undeniable "condition rarity" of the series -- one that is seldom available any finer, and conceivably the ultimate opportunity for series specialists and high-grade type collectors alike.
Ex: ANA Signature (Heritage, 8/2014), lot 5597.
From The Mesquite Collection.
HID02901242017
1860-O $1 MS65+ PCGS Secure. CAC. OC-6, R.2. Relatively common in low Mint State grades, the 1860-O issue joins all other Seated Liberty dollars as rare in Gem condition and extremely rare any finer. Just nine examples have received such a lofty grade from PCGS, with only two pieces (one being this coin) receiving the important PCGS Plus designation for high-end quality and appeal. There are no finer-graded pieces reported by PCGS (1/17).
A mintage of 515,000 silver dollars was achieved at the New Orleans Mint in 1860, most of which was earmarked for export. Some of the mintage was placed into circulation and any remaining dollars were delivered into storage. No one knows exactly how many coins were released from the Treasury during the 1962-1964 distribution, but David Bowers claims to never have seen an MS64 or MS65 example from the Treasury hoard. Most coins were low-grade Uncirculated examples -- roughly handled during repeated shuffling and counting while stored, and heavily bagmarked as a result. Bruce Amspacher called the 1860-O date a "Quaker Oats dollar" because it looked like it was shot from guns.
This remarkable coin is far removed from all of that. Essentially brilliant and prooflike, a thin veil of ephemeral golden-gray toning floats on the reflective fields and visits the frosted devices. No more than three or four tiny abrasions mark the surfaces, with a short mark near Liberty's left (facing) elbow serving as the most visible pedigree marker. The coin is boldly struck and exceedingly sharp with mint luster in full bloom over the silver surfaces.
An 1860-O dollar in Gem+ Mint State is an undeniable "condition rarity" of the series -- one that is seldom available any finer, and conceivably the ultimate opportunity for series specialists and high-grade type collectors alike.
Ex: ANA Signature (Heritage, 8/2014), lot 5597.
From The Mesquite Collection.
HID02901242017