Only 3 Graded Higher
A mintage of 515,000 silver dollars was achieved at the New Orleans Mint in 1860, most of which was earmarked for export. Some of the mintage was placed into circulation and any remaining dollars were delivered into storage. No one knows exactly how many coins were released from the Treasury during the 1962-1964 distribution, but David Bowers claims to never have seen an MS64 or MS65 example from the Treasury hoard. Most coins were low-grade Uncirculated examples — roughly handled during repeated shuffling and counting while stored, and heavily bagmarked as a result. Bruce Amspacher called the 1860-O date a “Quaker Oats dollar” because it looked like it was shot from guns. Relatively common in low Mint State grades, the 1860-O issue joins all other Seated Liberty dollars as rare in Gem condition and extremely rare any finer.
The NGC population is only 8 with 3 graded higher.
Listed at $37,200 in the CDN CPG and $30,000 in the NGC price guide.
Offered at $22,600
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