1848 LIBERTY SEATED S$1, NO MOTTO PR64

GEM SURFACES WITH A LIGHT ROSE/BLUE PATINA. ONLY 15 COINS STRUCK. JUST THREE SPECIMENS GRADED HIGHER. The writer is quite fond of this issue, and for more than one reason. First, the 1848 Seated Dollar is a very rare coin in proof format. The original mintage for the year's specimen strikings is unknown, but it could not have been all that great given the limited number of collectors active in the United States during the 1840s. Estimates on the number of survivors vary, but we believe that only 15-20 coins are extant in all grades. Second, this proof issue enjoys heightened demand from Seated Dollar date collectors due to the low-mintage status (just 15,000 pieces struck) of its identically dated business strike counterpart. As far as we can tell, all proof 1848 Seated Dollars were struck from the same die pair, the reverse of which was first used in 1840.