Owner Comments:
1840 $1 Liberty Seated Dollar – NGC AU50
The first year of any series is always special! In the case of the Liberty Seated Dollar it was the mints first true release of a silver dollar for circulation since the 1802 and 1803 Drape Bust Dollars. Unlike many other first release series, the 1840 Liberty Seated dollar had a modest mintage of 61,005 due to the on-demand production method.
This AU50 specimen in an older NGC holder has a pleasant bright white luster with moderate circulation marks along with fields that almost give a semi-proof like appearance for wonderful eye appeal.
The 1840 Seated dollar mintage has an estimated survival rate of 3%, with a population estimate of 1,250 to 1,750 per Osburn-Cushing. NGC has straight graded only 322 coins, with 20 in AU50 and 168 finer.
Adding this higher grade specimen to my U.S. Dollar Type Set and my Seated Liberty Type Set is a real home run for me! Its appearance fits amazing well with my Seated Type Set!
This specimen was in an old NGC fatty holder (2017656-001), but the holder was well scratched which impacted the true eye appeal of the coin. After some consideration, I had it reholdered at the 2024 ANA World’s Fair of Money.