SOLD – $1.00 – 1857-S NGC MS61 CAC

1857S_G1_N61_CAC1-1.jpg
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SOLD – $1.00 – 1857-S NGC MS61 CAC

6,250.00

Serial Number 3412382-019

PCGS Lookup Number 7547

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With the exception of the popular one-year type 1856-S, all of the gold dollars from San Francisco are rare in Uncirculated. The 1857-S, a low mintage issue with just 10,000 struck, is no exception and when available, survivors are mostly in the EF45 to AU55 range. In Uncirculated, there are probably not more than a dozen or so known and nearly all grade MS60 to MS61.

The present example is a strictly “new” coin with full luster and no wear seen on the high spots. The surfaces are clean and choice with no detracting marks and the luster is far more vibrant than usual for the issue. Also worthy of note is this coin’s bold strike which is uncommonly sharp at the border and which features strong centers as well.

There are just three auction records for the 1857-S gold dollar in MS61 since 2002 and these include Heritage 11/06: 1893 (PCGS graded) at $9,200 and Bowers and Merena 11/02: 3043 (also PCGS graded) at $6,325. This is only the third Uncirculated 1857-S dollar that I have personally handled in close to two decades and I have a lot of respect for the rarity of this date in higher grades.

This is the only 1857-S gold dollar to have been approved by CAC in any Uncirculated grade!