1859






General Comments


With one of the higher mintages in the Liberty Seated Dollar series 1859 would appear to be a common date. Those who have searched for the date will attest that its not. Wed call it very scarce, one of the most under-rated in the series. Most of the coins minted were exported to the Orient and subsequently melted for their silver content. Examples can be located, but patient searching is required. They become rare in mint state, and very rare in choice to gem BU.

The finest known examples are one MS66 and one MS65, both slabbed by PCGS. 21 coins have been graded at the MS64 level, 6 by PCGS and 15 by NGC. 24 have been graded MS63. A total of 70 coins have been graded at all levels of mint state. The number of lower mint state examples known is probably inflated in the population reports due to re-submissions. We consider any example above MS62 as extremely rare. Population statistics are as of February, 2017.

In proof format 1859 begins the era of regular, documented proof issues, with much higher availability than any previous year. The finest coins known are PR67+. PCGS has graded one at that level, while NGC has graded two. Nine additional coins have been graded PR67, six at PCGS including two Cameos, and three at NGC, including one Cameo. At the PR66 level PCGS has graded three coins, one of them cameo. NGC has graded 20, including one PR66+ and one Cameo. We suspect that a significant number of the NGC grades are re-submissions, trying to get the elusive PR67 evaluation. A total of 34 coins have been given a PR65 grade. Over 350 have been graded as proof at all levels, far more than for any previous year. Population statistics are as of February, 2017.






Mintage 256,500
Proof mintage 800
Mintage ranking 40th
Finest known MS66
PR67
Known obverse dies 4
Known reverse dies 4
Known die marriages 5
Most common die marriage OC-2/ R3-
Rarest business strike die marriage OC-1/ R4+
Rarest proof die marriage OC-P1 / R3
1859 examples are usually well struck, occasionally displaying very slight softness on the star centrals, hair detail, and/or the upper left wing feathers. High-grade business strikes are sometimes prooflike or semi-prooflike, but more often frosty. With high mintage and a small number of die pairings the dies wore sufficiently to eliminate prooflike surfaces for most examples.

1859 Die Marriages


5 die marriages have been positively identified. The following table summarizes the known die marriages for 1859, with additional information following:

Click the links below to view the details of the die marriages.

Die Marriage
Rarity
Obverse Die
Reverse Die
Estimated Survivors
OC-1 R4+ 1 A 110
OC-2 R3- 1 B 410
OC-3 R3+ 2 C 290
OC-4 R4- 3 D 190
OC-P1 R3+ P1 1859 PA 350
Rarity estimates updated with data through January 9, 2017


Three obverse dies were paired with 4 reverse dies to strike all business strikes. All of the business strike die marriages are scarce, but none particularly rare. None of the business strike dies were used for proofs. OC-P1 is the only proof die marriage that we have confirmed. It shows minor repunching on the 1. The original digit was punched slightly low, then corrected to the proper position. It uses a reverse die which was also used for 1851, 1852, 1854, and 1858 proofs. We believe that all these early dates are restrikes, minted after the 1859 proofs.

Some references have claimed that two different proof die marriages were struck in 1859. We have not been able to confirm the existence of the second proof die marriage. However, weve seen one coin in the Heritage archives, the Reiver coin, NGC PR64, that may have possibly been struck using a different reverse. It was auctioned with the Reiver collection in January, 2006. The obverse is P1. The reverse doesnt appear to display the 1859 PA diagnostics. Its possibly our Reverse 1856 PA, first used in 1856 to strike original proofs, but the picture isnt high enough resolution to confirm the attribution from the photo. We maintain the possibility that the second proof die pair may exist. If its identified at a later time well add it to our listing. If anyone reading this currently owns the Reiver coin wed love to hear from you and have the opportunity to view the coin.

1859 Business Strike Emission Sequence

Because no dies were shared between three of the four die marriages the emission sequence listed below is partially arbitrary. We know that OC-1 came before OC-2, but we cant say for sure where the other two marriages fit in. If new marriages are discovered which share any of the known dies well update the emission sequence as required.

Emission Order
Die Marriage
Comments
1 OC-1 Perfect obverse for all examples seen.
2 OC-2 Obverse 1 die polish and the appearance of rim cuds indicate that OC-2 follows OC-1.
3 OC-3 Placement in the emission sequence is arbitrary.
4 OC-4 Placement in the emission sequence is arbitrary.

1859 Proof Emission Sequence

With only a single proof die marriage known the emission sequence is simple.

Emission Order
Die Marriage
Comments
1 OC-P1

1859 Quick Finder Chart

Attribution of 1859 die marriages is relatively easy. The obverse dies display few markers, but fortunately the date positions are significantly different. The following table lists the keys for identifying each die marriage.

Die Marriage

Obv Die

Rev Die

Right
Base of 1

Keys

OC-1 1 A JR of C Obverse:   Slightly low date.
Reverse:   Horizontal shield line #1 extends to the left across the first shield border but not across the second.
OC-2 1 B JR of C Obverse:   Slightly low date.
Reverse:   Horizontal shield line #1 extends to the left outside the shield border but isn't seen between the borders.
OC-3 2 C LE Obverse:   High date.
Reverse:   Lightly doubled extension of horizontal shield line #1 into the wing feathers.
OC-4 3 D R QTR Obverse:   Left date, grid = 4-1.0.
Reverse:   NO extension of horizontal shield line #1 to the left.
OC-P1 P1 1859 PA LE Obverse:   Repunched 1.
Reverse:   Lumps in the feathers of the lower left wing.


Photo credits:

Obverse and reverse full photos:   PCGS PR67 Cameo CAC, finest known, from the Heritage archives.


Copyright 2015, by Dick Osburn and Brian Cushing, All rights reserved.