ADDITIONAL PRODUCT SPECIFICATIONS
- Product ID: 7165938
- Year: 1859
- Grade Service: ANACS AU53
- Denomination: $1.00
- Metal Content: 0.7734 troy oz
- Minted: New Orleans Mint
- Purity: .900
- Thickness: 3.1 mm
- Diameter: 38.1 mm
- Liberty Seated (1840-1873) / No Motto (1840-1865) / With Motto IN GOD WE TRUST (1866-1873)
VG-8 Very Good- Any three letters of LIBERTY at least two-thirds complete.
F-12 Fine- All seven letters of LIBERTY visible, though weak.
VF-20 Very Fine- LIBERTY strong, but slight wear visible on its ribbon.
EF-40 Extra Fine- Horizontal lines of shield complete. Eagle’s eye plain.
AU-50- About Uncirculated- Traces of light wear on only the high points of the design. alfHhhHalf of the mint luster present.
MS-60 Uncirculated- No trace of wear. Light marks or blemishes.
PF-60 Proof- Several contact marks, hairlines, or light rubs possible on surface. Luster possibly dull and eye appeal lacking.
PF-63 Choice Proof- Reflective surfaces with few blemishes in secondary focal places. No major flaws.
After a hiatus of nine years for this denomination, the New Orleans Mint coined a generous number of silver dollars in 1859. Unlike their Philadelphia cousins, which have a very low surviving population, the 1859-O dollars remain plentiful by series standards. Some 2000 or more pieces remained idle within Treasury vaults at or near Mint State when the speculative drawdown of silver dollars that began in the late 1950s finally reached these bags in the early ’60s. These coins, though unworn, typically display numerous contact marks that suggest they were re-bagged and moved about repeatedly over the 100 years of their sequestration.
Since the South always welcomed silver dollars in circulation, it’s not surprising that well worn pieces are also known today. In fact, this issue is generally available across all grades short of the gem MS level. Most coins seen are quite well struck, and the 1859-O makes for an ideal type coin of the No Motto series.
Two obverse dies were paired in various combinations with three reverse dies for a total of four die marriages. These vary widely in their survival rates, but without any particularly interesting features there is little interest in collecting this date/mint by varieties.