1855 Liberty Seated Silver Dollar. OC-1. Rarity-3+. EF-40 (PCGS).

1855 Liberty Seated Silver Dollar. OC-1. Rarity-3+. EF-40 (PCGS). As a straight-graded example of this key date Philadelphia Mint Liberty Seated dollar issue, this EF 1855 has much to recommend it to series specialists. Both sides are well struck for the type and retain plenty of bold to sharp detail throughout the design. There is some glossiness to the texture, as well as curious underlying pinkish-rose iridescence to otherwise bright coin gray patina, but relatively few noticeable marks for a No Motto Liberty Seated dollar in this grade. An increase in silver prices during the California Gold Rush era led to the reduction in weight for the half dime, dime, quarter and half dollar through the Act of February 21, 1853. The silver dollar was not included in this act, however, since examples ceased to circulate domestically after the 1840s. The circulation strike issues of the 1850s from all active mints (Philadelphia, New Orleans, San Francisco) were used almost exclusively in export trade, and these coins can be seen as predecessors to the specialized trade dollar introduced in 1873. With most of the 26,000 circulation strikes produced melted or otherwise lost overseas, the 1855 is understandably elusive in today's market. Even well worn survivors are scarce, while in grades that approach Mint State this issue is quite rare. Provenance: From a Collection of American Silver Classics. PCGS# 6943. NGC ID: 24YU. Click here for certification details from PCGS.

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