1871 Liberty Seated Silver Dollar. OC-12, FS-301. Rarity-3+. Top 30 Variety. Misplaced Date. MS-65 (PCGS). CAC. A delightfully original and lustrous example of this popular issue. The fields are silky and lightly reflective, contrasting the richly frosted texture of the devices. The surfaces are mostly brilliant and accented by a light golden iridescence across the obverse. A true prize among high-grade Liberty Seated dollars. One of only two issues in the circulation strike Liberty Seated dollar series with a mintage of more than 1 million coins, the 1871 barely surpasses the 1872 to rank as the most readily obtainable issue of the Motto design type. Most of the 1,073,800 pieces produced were almost certainly exported to China, which was the destination for most circulation strike Philadelphia Mint Liberty Seated dollars beginning with the 1869 issue. Additional examples remained stateside and likely saw domestic circulation once specie payments resumed in 1876. Several hundred pieces were still in storage in federal vaults at the time of the silver dollar releases of 1962 to 1964, these coins providing the majority of Uncirculated examples available to todays high grade type collectors. While the 1871 is readily available by Liberty Seated dollar standards, especially in circulated grades, lower grade Mint State examples are scarce, and coins grading MS-64 or finer are rare. The present Gem certainly ranks among the finest from this issue and just two coins have been certified finer by PCGS. Ex Heritages sale of the Jim ONeal Collection of U.S. Type, Part IV, April 2015, lot 5144.
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