1850 Liberty Seated Silver Dollar. OC-1. Rarity-3. Top 30 Variety.

1850 Liberty Seated Silver Dollar. OC-1. Rarity-3. Top 30 Variety. Repunched Date. EF-45 (PCGS). Hoarding and increased export of these coins brought about by discoveries of gold in California and Australia in 1848 and 1850, respectively, meant that by the early 1850s little silver bullion remained on hand that depositors might want to have coined into new dollars. This explains the sharp decrease in silver dollar production at the Philadelphia Mint in 1850, a situation that would become even more severe in 1851 and 1852, when circulation strike dollar coinage shrank to infinitesimal levels. While mintages would increase again in 1853, in response to increased demand from bullion depositors, the year 1850 represents a watershed in the United States silver dollar series. The brief era of practical, functioning bimetallism in the United States that spanned much of the 1840s had come to an end, and with it the early silver dollar series as defined by the Flowing Hair, Draped Bust, Gobrecht and early Liberty Seated coinage. From 1850 through the end of the Liberty Seated series in 1873, silver dollars were struck almost exclusively as bullion for export. Additional events during the 1850s would reinforce this change such that, by the outbreak of the Civil War, coinage and commercial use of the U.S. silver dollar had entered a new historical era. Significant due to its pivotal status within the Liberty Seated dollar series, the 1850 is also popular with numismatists because of its mintage of just 7,500 pieces. Only 300 to 400 coins are believed to have escaped being melted down as bullion, and these are always a focus of bidder attention during auction appearances. Provenance: From a Collection of American Silver Classics. PCGS# 6937. NGC ID: 24YM. Click here for certification details from PCGS. Image with the PCGS TrueView logo is obtained from and is subject to a license agreement with Collectors Universe, Inc. and its divisions PCGS and PSA.

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