1866 $1 MOTTO MS67 PCGS
Pedigreed to an original mint set that sold at Christie’s Auction in May 1989 belonging to the Texas Collection of United States Coins for over $100,000 RAW against a $7,000& up estimate. We are informed that this happened frequently as Christie’s as they didn’t understand the subtleties of grading coins. It then sold at RARCOA auction the following year in 1990 as a “flawless, reflective with satin smooth finish, as creamy white obverse and iridescent blue-green reverse.” It was described as the finest graded 30 years ago and is so today, subsequently selling for over $100,000 again a year later by no accident. Since 1990 this finest seated dollar then sold in 2005 for over $300,000 via private treaty, then sold thereafter into the Finest All Time Finest PCGS SET Registry called THE TYPE SET COLLECTION, long known and heralded as the best type set ever.
At MS67 in the entire Liberty Seated Dollar series spanning from 1840 to 1873, there have just been 5 known and graded at the unattainable MS67 level with none grading higher in all dates! Three belong to the Hansen collection, whilst another in a permanent set registry, thus leaving this as the only available MS67 PCGS available for a seated dollar collection or type set.
1866 $1 motto as a date is significantly important as a type coin as it is the start of the with motto series. It is perhaps one of the most important dates in the series. No known no motto business strike 1866 $1 exist except for two that costs over $5 million if ever available. This is literally the best example of any seated dollar in existence. Interestingly this coin is also appropriate for religious collectors as it is also the first official $1 for circulation that incorporated the IN GOD WE TRUST MOTTO motto. Looking at comps for the key date 1866 $1 motto there has never been a MS67 in modern history public sale. An MS65 PCGS CAC example sold for $79,313 in 2014, whilst the pogue MS66+ PCGS CAC just sold for a $135,000 during the pinnacle of the virus and the market crash last month, bringing a strong result considering the situation. This coin should be worth multiples as a far superior example.
Here is a unique opportunity to find an original mint set 1866 $1 example. Two decades later once again an opportunity has risen not just for the finest 1866 $1 but also the finest liberty seated dollar in all dated and all grades.
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