Description and Analysis
Seated Liberty Dollars
1860 O $1 MS
Description & Analysis
The New Orleans Mint silver dollar of 1860 is the quintessential type coin for those seeking a Mint State No Motto example. Thousands were released at or near the MS level during the early 1960s, when the rapidly growing popularity of silver dollar collecting that had commenced in the late '50s nearly emptied long-sealed vaults. The U. S. Treasury put a halt to the paying out of silver dollars in March of 1964 when it became evident that many of the coins being disbursed at face value carried substantial collector premiums. The common 1859-O and 1860-O dollars were among those treasures.
After a century of being counted during audits and then re-bagged, these unworn dollars suffered numerous contact marks, so gems are as rare for this date as for most others in the series. The numbers in the certified population most likely includes duplicate submissions. Despite whatever signs of rough handling these coins may display, the typical 1860-O silver dollar is quite well struck and features bright, frosty luster.
Ten die marriages are known, and these derived from various combinations of four obverse dies and six reverses. One of the latter had been used previously for coining 1859-O dollars. As with most issues in this series, the varieties are quite minor and of interest to only the most advanced specialists.