1859-S LIBERTY SEATED S$1, NO MOTTO MS62

VERY SCARCE DATE. ONLY 20,000 STRUCK. A historic issue, the 1859-S is the first Silver Dollar struck in the San Francisco Mint. It is also the only S-mint issue in the No Motto Seated Dollar series, and one of just three San Francisco Mint deliveries in the entire Seated Dollar series. The '59-S was produced solely for exportation to the Orient. Indeed, survivors of this 20,000-coin delivery are so elusive in today's market that virtually the entire mintage must have been shipped to the Far East. Once overseas, these coins were melted because they were lighter than the Mexican 8 Reales that Oriental merchants favored at that time. Very few examples were retained stateside, and even fewer escaped the melting pot once exported. This, then, is one of the scarcest issues in the entire Seated Dollar series, and it is a significant condition rarity in all Mint State grades.