Sunday, April 14, 2019

Rare American coin and 1840-1873 free to sit in silver dollar

The free sitting position series of silver elements is impossible to achieve under MS conditions because of the very small finished product and low survival rate. The series began as a slight change in Christian Gobrecht's original frontal design. The original Gobrecht eagle reversal was replaced by John Reich's modified Heralding Eagle design, which was first used in 1807 for coins.

Robert Ball Hughes modified Gobrecht's original obsession with "decent name." He cut off some of her rock seats, made the free font on her shield more reasonable, and added more folds to her left sleeve. He also added 13 stars opposite, instead of putting them on the opposite side.

It was originally minted in Philadelphia and then minted in New Orleans in 1846. Liberty Seated was the last silver dollar cast before the 1873 coinage method. The "Coinage Law" of 1873 stopped the production of silver dollars used in the country and began to use the trade dollar of silver foreign trade.

The "Coinage Law" also terminates the ability of private citizens to cast their personal silver or gold into legal tender. The main source of silver before 1870 was private citizenship, and usually did not buy too much silver for casting.

By 1859, the supply of silver in the Comstock vein had increased significantly, so the production of free-occupied currency increased at the end of the 1871 and 1872 series. The trade dollar fills the gap between free sitting and the Morgan Silver Dollar. .

The total production of all free-sitting dollar commercial strikes was 6,487,747. The Philadelphia Mint produced 5,465,463 of these coins. In fact, during the years 1871 and 1872, Philadelphia cast a total of 2,179,300 coins, making it the most "ordinary" coin in the series.

In 1851 and 1852, the Philadelphia Mint produced a total of 2,400 coins. In the early production of New Orleans, and in the later stages of production in San Francisco and Carson City, Peppermint Candy only stuck the free-sitting silver dollar for four years.

New Orleans mints total only $875,000. Due to the release of the 1962-64 US Treasury, New Orleans' products are currently the highest survival rate for the entire series of Mint.

It is believed that one or three mint-sealed bags, including 1,000 fresh 1859-O and 1860-O dollars, were found in Morgan bags and peace silver coins sold to the public in the 1960s.

The 1870-S sitting dollar mining is unknown. Estimates range from 25 to 300. The population confirmed today has only a dozen specimens. In fact, the most famous specimen 1870-S is the MS-62. The 1870-S is considered the king of the free sitting series.

1866 is the first year in which American coins began to add the words "God we trust." This date is actually more common under MS conditions than many previous dates.

Carson City Mint produced 18,584 Liberty Seated billions of dollars in its four-year manufacturing process. The 1870-CC accounted for 63% of the total, making it the most "common" in the Carson City produced in this silver dollar series. A "minor" MS example has appeared.

1873-CC is the second most rare date of the 1870-S, with a total number of 2300 and an MS-64 found. Because this series contains many "plugs" and is much more expensive than the Morgan or Peace series, the Liberty Seated series unfortunately does not have much interest from collectors.




Orignal From: Rare American coin and 1840-1873 free to sit in silver dollar

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