Liberty Seated Silver Dollar

Rare Proof Striking of the 1840 Liberty Seated Dollar

1840 Liberty Seated Silver Dollar. Proof-63 (NGC).

If you are building an advanced type set of United States coins, you can appreciate this rare chance to obtain the first year of issue of the Liberty Seated dollar in Proof format. Both sides of this beautiful, brightly reflective specimen are fully struck over all design elements. They are also attractively toned with splashes of cobalt blue and rose-russet iridescence that are largely confined to the peripheries. The centers are more reserved in pale gold, yet just as pleasing to the eye. Visually impressive, this is a solidly graded Choice Proof specimen that is sure to sell for a strong bid. While no actual record of the number of Proof 1840 dollars struck exists, today's numismatists feel that perhaps two dozen or so is an accurate assessment based on the number of specimens known. The PCGS Population Report suggests that only 15 to 20 examples are extant, despite the fact that PCGS and NGC combined have recorded 47 (!) grading events for this issue. Undoubtedly many resubmissions have occurred over the years -- an extra grading point can mean many thousands of dollars in extra value in a rare coin such as this -- although it is also likely that the actual mintage may be somewhat more than 20 coins. In any event, this is a delightful representative example of a rare and numismatically significant issue that would serve as a focal point in any cabinet.

PCGS# 6981. NGC ID: 24ZP.

NGC Census: 9; 10 finer in this category (Proof-65 finest).

Estimate: $ 17000