1853 Liberty Seated Silver Dollar. OC-1. Rarity-2. Top 30 Variety.

1853 Liberty Seated Silver Dollar. OC-1. Rarity-2. Top 30 Variety. Chin Whiskers. AU-50 (PCGS). Frosty to semi-reflective are nearly untoned and retain plenty of bold to sharp strike detail at the certified AU level. After passage of the Act of February 21, 1853, the silver dollar was no longer the standard for the now subsidiary fractional silver coinage. That Congress also did not reduce the weight of the silver dollar at that time was only because lawmakers thought they were dealing with a temporary problem in the economic effects of the California Gold Rush. In any event, Congress favored retention of bimetallism, even if only in theory, as opposed to officially sanctioning the de facto gold standard that it had adopted by making smaller denomination silver subsidiary. All of this mattered little for the nation's flagship silver denomination, however, since by the beginning of the 1850s the silver dollar had already become exclusively a trade coin. After extremely small mintages from the Philadelphia Mint in 1850, 1851 and 1852, coinage increased in 1853 in response to renewed demand from bullion depositors. This is the most frequently encountered Philadelphia Mint issue of the 1853 to 1860 era, although with most examples exported and subsequently melted, locating pleasing survivors in the finer circulated and all Mint State grades can very challenging. Provenance: From a Collection of American Silver Classics. PCGS# 6941. NGC ID: 24YS. Click here for certification details from PCGS.

Estimate:$1

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