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<p>[QUOTE="Publius2, post: 4403797, member: 105571"]OK, I think most everyone that wants to reply to this poll has done so. Most of you are calling it an AU-58. NGC slabbed it as MS-62. Some wise and experienced commentary was offered.</p><p><br /></p><p>[ATTACH=full]1106558[/ATTACH] </p><p>I agree that there are luster breaks on some of the obverse high points, but not all. There is no wear on this coin-Liberty's hair is the result of a tired die, this was the last die state (1-d, see photo below of clash marks) before Obverse 1 was retired. Similarly, the reverse has some high point luster breaks but no wear. The reverse (A-f) is also a late die state. (diagnostic photo shown below-note the internal cud)). There are no luster breaks in the fields on either obverse or reverse. Both obverse and reverse exhibit near proof-like fields. This coin is much more attractive in hand than my photographs can convey. The obverse was lapped just prior to the d-state strikes and it is pretty obvious that this coin was struck shortly after the lapped die was put back into service. I can't explain the near proof-like fields on the reverse since the A reverse was the only one used in this die marriage. Osburn & Cushing make no mention of die lapping the reverse but it's hard to imagine that the Reverse A die was used to strike thousands and thousands of coins without a lapping. It is also reasonable to surmise that when the obverse die was removed for lapping, they did the same with the reverse. O&C say "1859-O surfaces are usually frosty. They can be found proof-like, but with a large mintage and only four die pairs, the runs were long enough that most of the coins exhibit frosty surfaces."</p><p><br /></p><p>I don't care what the coin slab says. I have been looking for this coin for 18 months after looking at literally hundreds of cleaned, bag-marked and downright ugly examples in every slabbed grade from 45 to 64. Other than early copper, this may be one of the most difficult series to find nice coins at reasonable prices.</p><p><br /></p><p>Combined, PCGS and NGC have certified 146 1859-O coins in AU-58. Together they have certified 137 in MS-60, 248 in MS-61, 260 in MS-62, 112 in MS-63, 55 in MS-64, and 4 in MS-65. The large number of low-grade mint state coins is the result of the release of the "Bank Hoard" of thousands of uncirculated 1859-O dollars in the early 1960s. Most of these were heavily bag-marked and you can see it in the available population. I don't believe my coin was part of the hoard, it is just too free of the typical bag-marking.</p><p><br /></p><p>Now, I have to seek out an equivalent "With Motto" dollar. </p><p><br /></p><p>Thanks for participating. </p><p><br /></p><p>[ATTACH=full]1106570[/ATTACH] </p><p><br /></p><p>[ATTACH=full]1106566[/ATTACH][/QUOTE]</p><p><br /></p>
[QUOTE="Publius2, post: 4403797, member: 105571"]OK, I think most everyone that wants to reply to this poll has done so. Most of you are calling it an AU-58. NGC slabbed it as MS-62. Some wise and experienced commentary was offered. [ATTACH=full]1106558[/ATTACH] I agree that there are luster breaks on some of the obverse high points, but not all. There is no wear on this coin-Liberty's hair is the result of a tired die, this was the last die state (1-d, see photo below of clash marks) before Obverse 1 was retired. Similarly, the reverse has some high point luster breaks but no wear. The reverse (A-f) is also a late die state. (diagnostic photo shown below-note the internal cud)). There are no luster breaks in the fields on either obverse or reverse. Both obverse and reverse exhibit near proof-like fields. This coin is much more attractive in hand than my photographs can convey. The obverse was lapped just prior to the d-state strikes and it is pretty obvious that this coin was struck shortly after the lapped die was put back into service. I can't explain the near proof-like fields on the reverse since the A reverse was the only one used in this die marriage. Osburn & Cushing make no mention of die lapping the reverse but it's hard to imagine that the Reverse A die was used to strike thousands and thousands of coins without a lapping. It is also reasonable to surmise that when the obverse die was removed for lapping, they did the same with the reverse. O&C say "1859-O surfaces are usually frosty. They can be found proof-like, but with a large mintage and only four die pairs, the runs were long enough that most of the coins exhibit frosty surfaces." I don't care what the coin slab says. I have been looking for this coin for 18 months after looking at literally hundreds of cleaned, bag-marked and downright ugly examples in every slabbed grade from 45 to 64. Other than early copper, this may be one of the most difficult series to find nice coins at reasonable prices. Combined, PCGS and NGC have certified 146 1859-O coins in AU-58. Together they have certified 137 in MS-60, 248 in MS-61, 260 in MS-62, 112 in MS-63, 55 in MS-64, and 4 in MS-65. The large number of low-grade mint state coins is the result of the release of the "Bank Hoard" of thousands of uncirculated 1859-O dollars in the early 1960s. Most of these were heavily bag-marked and you can see it in the available population. I don't believe my coin was part of the hoard, it is just too free of the typical bag-marking. Now, I have to seek out an equivalent "With Motto" dollar. Thanks for participating. [ATTACH=full]1106570[/ATTACH] [ATTACH=full]1106566[/ATTACH][/QUOTE]
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