1856 LIBERTY SEATED S$1, NO MOTTO PR65
GEM PROOF. EST 50 STRUCK. STEEL BLUE WITH LGT AMBER TONE.
1856 LIBERTY SEATED - TYPE 3 $1
In 1856, the newly formed Republican Party held its first national convention. This gathering, held in Philadelphia, saw the election of John Freemont as the first Republican presidential candidate. Could this 1856 silver dollar, minted in Philadelphia, have attended the first Republican National Convention?
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.