Natural Toning
1868


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 1868
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

A magnificent example with beautiful natural lavender toning that deepens at the rims. My friend Norman Pullen sold this coin to Jim Gray in 1989. The pristine surfaces and original skin combine to produce exceptional eye appeal. A perfect example of a beautiful and naturally toned seated dollar.

Both sides are layered in beautiful gray-lavender with blushes of deep blue-green color here and there around the obverse periphery. The reverse is fully Mint State, while the obverse exhibits perhaps the lightest touch of high point rub and a few light marks in the obverse right field. One could certainly make a case for a Mint State grade. In terms of eye-appeal this example exceeds many others that have been certified Mint State.

The 1868 is the first silver dollar issue since 1860 with a circulation strike mintage of more than 100,000 coins. Domestic production was continuing to increase, and by the late 1860s had reached a point where bullion brokers had greater need to deposit silver with the Mint for coinage into dollars. On the other hand, the fact that the slightly heavier Mexican dollar continued to be favored by Chinese merchants explains why only 162,100 silver dollars were struck in 1868. In a familiar scenario for the Liberty Seated dollar series, these coins were exported, and most were melted overseas. Circulated survivors are very scarce, but because the six-figure mintage is higher than those of the preceding issues back through 1861, just how challenging this issue is to locate is lost on most numismatists. Highly underrated with the quality and outstanding eye appeal of this example.

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