1857 LIBERTY SEATED S$1, NO MOTTO PR65
GEM PROOF. ONLY 50 STRUCK. JUST 1 GRADED HIGHER AT PCGS.
1857 LIBERTY SEATED - TYPE 3 $1
In 1857, Paul Morphy became the first American chess idol after defeating Adolf Anderssen. Morhpy went on to defeat every chess master that challenged him. When there were no more notable masters to challenge him, Morhpy declared he would take on any player. When no one responded to this challenge, Morphy retired from the game at the age of 22 to pursue a career in law. This 1857 silver dollar recalls the short career of the world’s best chess player.
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.