Liberty Seated Silver Dollar
1870 Liberty Seated Silver Dollar. OC-3. Rarity-2. Unc Details--Cleaned (PCGS).
As with earlier issues in the Liberty Seated dollar series, most of the 415,000-coin circulation strike mintage for the 1870 was exported, chiefly to China, but also to other destinations such as Bombay, India. Virtually all exported examples were destroyed through melting. The 1870, however, is among the more readily obtainable issues in this challenging series and, indeed, it is the first of the type produced since the 1840s for which a significant number of coins remained within the United States. These coins were paid out to bullion depositors at the time of issue and, since they were worth a premium over face value, probably saw little in the way of active circulation. Even so, Mint State 1870 silver dollars are scarce at all levels, especially relative to demand from today's high grade type collectors and silver dollar enthusiasts.
PCGS# 6963. NGC ID: 24ZD.
Estimate: $1000