1852 LIBERTY SEATED S$1, ORIGINAL PR65+ Cameo
ORIGINAL. ONLY 35 STRUCK. SOLE HIGHEST GRADED.
1852 LIBERTY SEATED $1
In 1852, Admiral Matthew Perry was sent to open the ports of Japan to American trade using any means necessary, a notable example of “gunboat diplomacy”. Three years later, believing his mission to have been a success, Congress awarded the Admiral $20,000. Coins, such as the 1852 Liberty Seated Silver Dollar, were surely part of this hefty reward.
The proof No Motto Seated Dollar series is one of the most difficult to collect in all of U.S. numismatics. From the series' inception in 1840 through 1858, the Mint did not record the number of proof coins struck each year. It is likely that very few examples were produced, particularly when one considers that there were hardly any numismatists active in the United States during the 1840s and 1850s. Although mintage figures increased markedly beginning in 1859, collector demand remained limited and many of the proofs struck from 1859 through 1865 were probably melted as unsold at year's end. The onset of the Civil War in 1861 resulted in considerable chaos in the Mint, reduced the already limited number of collectors and further contributed to the rarity of proof No Motto Dollars in today's market.