1840 Liberty Seated Silver Dollar. OC-1. Rarity-1. EF-40 (PCGS).Richly toned in steely charcoal-gray, both sides are further enhanced by vivid undertones of cobalt blue and antique gold. We note bold EF detail overall and a noteworthy lack of all but a few trivial marks. After the small mintages of Gobrecht dollars of 1836 and 1839 struck on government account reintroduced the denomination, silver dollar coinage increased significantly in 1840 as the Mint produced coins at the request of bullion depositors. A major design change also occurred that year when the original Liberty Seated motif designed by Thomas Sully and engraved by Christian Gobrecht was abandoned in favor of a low relief and otherwise heavily modified version. Titian Peales elegant flying eagle on the reverse was changed to the familiar perched eagle with shield on its breast. This Liberty Seated design had already appeared on the quarter in 1838 and the half dollar in 1839. With only a single modification in 1866, when the motto IN GOD WE TRUST was added, the Liberty Seated design remained in use until the Act of February 12, 1873, abolished the standard silver dollar.<p>The first circulation strike Liberty Seated dollars were produced in July 1840, to the extent of 12,500 pieces. These were among the few coins of this type struck on government account, made to acquaint bullion depositors with their new coinage option. Subsequent deliveries made at the request of private bullion depositors resulted in 48,505 coins struck, for a total circulation strike mintage of 61,005 pieces. The issues first year status was overlooked by contemporary Americans, and most 1840 dollars were eventually lost to export and/or melting. Today, it ranks among the scarcer Philadelphia Mint issues from the 1840s and is extremely popular with numismatists.PCGS# 6926. NGC ID: 24YA.From the James A. Stack, Sr. Collection.
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