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1840 $1 Liberty Seated Dollar #4 Osburn-Cushing Oc-2, R4+

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numismatic student's Avatar
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 Posted 12/09/2023  12:36 am Show Profile   Bookmark this topic Add numismatic student to your friends list Get a Link to this Message Number of Subscribers
$1,985. Thoughts? Thanks!

Initially I thought this was a first year of issue coin with a lot of eye appeal. Then I noticed, looking at the obverse shield, that this might be a scarce variety. Went onto the site run by Dick Osburn and Brian Cushing and was able to attribute this coin as OC-2 which has a rarity of R4+ with an estimated 100 survivors in all grades.

1840-$1-Liberty-Seated-Dollar-#4-Osburn-Cushing-Oc-2,-R4+
1840-$1-Liberty-Seated-Dollar-#4-Osburn-Cushing-Oc-2,-R4+
1840-$1-Liberty-Seated-Dollar-#4-Osburn-Cushing-Oc-2,-R4+
1840-$1-Liberty-Seated-Dollar-#4-Osburn-Cushing-Oc-2,-R4+

I was able to attribute this coin using the obverse date placement that is unique to the OC-2 die pair. This variety is also #1 in the top 30 Seated dollar varieties list http://www.seateddollarvarieties.com/Top-30.shtml) with repunched stars which I could not see from the pictures but hope to see when the coin is in hand.

1840-$1-Liberty-Seated-Dollar-#4-Osburn-Cushing-Oc-2,-R4+
1840-$1-Liberty-Seated-Dollar-#4-Osburn-Cushing-Oc-2,-R4+
1840-$1-Liberty-Seated-Dollar-#4-Osburn-Cushing-Oc-2,-R4+

The site is a treasure trove of information and I learned that there were 4 business strike die pairs for the initial year of issuance of 61,005 liberty Seated dollars. By far the most common die pair is OC-1 which are estimated to have 1,250 survivors. OC-3 is R3 with 375 estimated survivors and OC-4 is R6, the rarest of the business strikes with just 25 estimated survivors.

Attribution and my learning is thanks to the excellent work of Dick Osburn and Brian Cushing putting their attribution reference for all to use freely on the internet. Thank you gentlemen!
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS
THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: "It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat."
My coin website:https://fairfaxcoins.com
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IndianGoldEagle's Avatar
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36710 Posts
 Posted 12/09/2023  09:32 am  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list Get a Link to this Reply
What a beauty! A wild guess from these photos, MS-62.
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panzaldi's Avatar
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 Posted 12/09/2023  10:41 am  Show Profile   Bookmark this reply Add panzaldi to your friends list Get a Link to this Reply
cool pickup. I'm at MS62 as well.
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Everest's Avatar
Taiwan
606 Posts
 Posted 12/09/2023  12:29 pm  Show Profile   Bookmark this reply Add Everest to your friends list Get a Link to this Reply
AU Details
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paralyse's Avatar
United States
12057 Posts
 Posted 12/09/2023  7:36 pm  Show Profile   Bookmark this reply Add paralyse to your friends list Get a Link to this Reply
I don't quite think this coin is Uncirculated but it's really, really close. Slider AU/MS. Show me an AU58 holder or a MS62 holder and I'd be okay with either option. It's a really attractive coin and a very scarce coin.

I'd also imagine at least based off these photos that it may have had a cleaning some years ago and has since developed album or holder retoning, but that affects neither eye appeal nor market value as far as I'm concerned. I have a Liberty Seated quarter that also retoned beautifully around the edges in a manner similar to this one - it's in a PCGS AU50 holder, but it looks much closer to AU55-AU58 in hand.
Member ANA - EAC - TNA - SSDC - CCT #890

"Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis
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Errers and Varietys's Avatar
United States
73925 Posts
 Posted 12/09/2023  11:21 pm  Show Profile   Bookmark this reply Add Errers and Varietys to your friends list Get a Link to this Reply
I'll go with AU.
Errers and Varietys.
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Bump111's Avatar
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 Posted 12/10/2023  3:13 pm  Show Profile   Bookmark this reply Add Bump111 to your friends list Get a Link to this Reply
Outside my wheelhouse but wanted to congratulate you on the acquisition and say how interesting the writeup is.
"Nummi rari mira sunt, si sumptus ferre potes." - Christophorus filius Scotiae
Valued Member
United States
54 Posts
 Posted 12/10/2023  6:42 pm  Show Profile   Bookmark this reply Add Bear906 to your friends list Get a Link to this Reply
Concurring with paralyse here: AU58; possible old cleaning and retone.

I think the price was right given the possible cleaning, and this is absolutely too nice of a coin to pass up. You did well here. Congratulations!
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numismatic student's Avatar
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11880 Posts
 Posted 12/15/2023  1:03 pm  Show Profile   Bookmark this reply Add numismatic student to your friends list Get a Link to this Reply
This one came in looking pretty stunning. Thoughts? Thanks!

1840-$1-Liberty-Seated-Dollar-#4-Osburn-Cushing-Oc-2,-R4+
1840-$1-Liberty-Seated-Dollar-#4-Osburn-Cushing-Oc-2,-R4+
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS
THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: "It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat."
My coin website:https://fairfaxcoins.com
Edited by numismatic student
12/15/2023 1:27 pm
Pillar of the Community
United States
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 Posted 12/15/2023  1:09 pm  Show Profile   Bookmark this reply Add adam126402 to your friends list Get a Link to this Reply
That is a stunning coin. Curious, what do you use for taking photos?
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numismatic student's Avatar
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 Posted 12/15/2023  1:13 pm  Show Profile   Bookmark this reply Add numismatic student to your friends list Get a Link to this Reply
Thanks. I use my galaxy s21 phone.
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS
THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: "It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat."
My coin website:https://fairfaxcoins.com
Edited by numismatic student
12/15/2023 1:13 pm
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IndianGoldEagle's Avatar
United States
36710 Posts
 Posted 12/15/2023  2:19 pm  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list Get a Link to this Reply
Nice coin but I am dropping to AU-58. Looks like rub on the high points.
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numismatic student's Avatar
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11880 Posts
 Posted 12/15/2023  2:49 pm  Show Profile   Bookmark this reply Add numismatic student to your friends list Get a Link to this Reply
One of the things that could not be seen in the original pictures were the repunched stars in the 3 uppermost stars in the top left point. My in hand pictures were able to capture that.

1840-$1-Liberty-Seated-Dollar-#4-Osburn-Cushing-Oc-2,-R4+

From the Osburn-Cushing reference:

1840-$1-Liberty-Seated-Dollar-#4-Osburn-Cushing-Oc-2,-R4+
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS
THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: "It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat."
My coin website:https://fairfaxcoins.com
Edited by numismatic student
12/15/2023 2:53 pm
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panzaldi's Avatar
United States
18654 Posts
 Posted 12/16/2023  08:45 am  Show Profile   Bookmark this reply Add panzaldi to your friends list Get a Link to this Reply
review of new photos

change from MS62 to AU55 maybe 58. looks like old cleaning.
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Everest's Avatar
Taiwan
606 Posts
 Posted 12/16/2023  6:51 pm  Show Profile   Bookmark this reply Add Everest to your friends list Get a Link to this Reply
Certainly better photos. Still an AU details coin IMO. This coin was sold via ebay by greatsouthercoin for $2025.
It was advertised as Nice Choice AU ++. If the coin was actually as advertised it would already be in a P58 or N58
slab with the possibility of a CAC green bean. Greatsoutherncoin is a prolific seller of coins on ebay over the last
dozen years or so with 240,000+ sales. They are not going to leave $2,000 - $4,000+ on the table by not having the
coin certified.
Although the die attribution is interesting it does not add any value to the coin that I am aware of. If you have a go
to guy or a mentor I think it would be worthwhile to have another set of eyes for an in hand inspection. Good luck.
Edited by Everest
12/16/2023 6:55 pm
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DOCC's Avatar
United States
1502 Posts
 Posted 12/16/2023  7:35 pm  Show Profile   Bookmark this reply Add DOCC to your friends list Get a Link to this Reply
Nice pickup NS, very pleasing to look at.
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