Natural Toning
1860-O


Obverse
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Reverse
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Coin Details

  

Set Details
Origin/Country: United States
Design Description: SILVER DOLLARS - SEATED LIBERTY, NO MOTTO
Item Description: $1 1860 O
Grade: PCGS AU 58
Owner: Hagop
 
Winning Set: Natural Toning
Date Added: 4/6/2021
Research: See NGC's Census Report for this Coin

Owner's Description

Beautiful multicolored toning blankets both sides of this outstanding specimen. Sharply struck and lustrous this non-hoard example is fully original and exhibits exceptional eye appeal. Like her sister from the previous year the abundant luster, unabraded surfaces, and flawless rims, lead one to conclude that she spent very little time in circulation. Purchased from a close friend in an NGC holder graded MS-61.


As in 1859, New Orleans was a popular destination for silver ore mined in Nevada in 1860, deposits from bullion brokers remaining strong and explaining the generous (for the type) mintage of 515,000 pieces. This would change the following year with the approach of the Civil War and, in fact, the 1860-O is the final of only four New Orleans Mint issues in the Liberty Seated dollar series. Export to the Orient claimed most examples, although many were retained stateside, including those that eventually came to light as part of the Treasury Department releases of 1962 to 1964. Although estimates on the number of Mint State examples included in that find range as high as 6,000 pieces, current third-party certification data suggests a much more limited total on the order of 2,000 to 3,000 coins (ie., two or three bags). Most Treasury Hoard coins are brilliant, heavily abraded, and grade somewhere in the MS-60 to MS-62 range. Although the persistent collector can locate an above average hoard coin in, say, MS-63 or MS-64, fully original and attractive non-hoard examples like this premium quality AU coin is a far more challenging than generally recognized.

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