1850-O Liberty Seated Silver Dollar. OC-1. Rarity-2. AU-50 (PCGS).

1850-O Liberty Seated Silver Dollar. OC-1. Rarity-2. AU-50 (PCGS). Bright, minimally toned surfaces retain appreciable luster in a frosty finish. Handily outdistancing the 1846-O, 1859-O and 1860-O, the 1850-O is the rarest of the four New Orleans Mint Liberty Seated silver dollars. The mintage of 40,000 pieces was achieved at the request of local bullion depositors, much of the silver coming from Spanish colonial and Mexican dollars deposited for recoinage. As with the 1846-O, the 1850-O was primarily intended for use in the export trade from the bustling port of New Orleans, but many examples also saw commercial use in the South, which centered on the Mississippi River Valley. Excepting only the San Francisco and Carson City issues of later years, this is the final Liberty Seated dollar to see significant domestic circulation. With an extant population of just 400 to 500 coins, the 1850-O is nearly as rare as its lower mintage counterpart from the Philadelphia Mint. Whereas the 1850 is seldom encountered in grades below EF, however, this New Orleans Mint issue is usually seen in lower grades through EF. Indeed, the 1850-O certainly has a lower average grade among survivors than the contemporary silver dollar issues from the Philadelphia Mint. It is like the 1846-O in this regard, both Southern issues seeing more extensive commercial use than their Northern counterparts. On the other hand, the 1850-O suffered a much higher rate of attrition through melting than the 1846-O, the result of the former issue's production after the beginning of the California Gold Rush. Provenance: From a Collection of American Silver Classics. PCGS# 6938. NGC ID: 24YN. Click here for certification details from PCGS.

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