1846 $1 AU58+ Certification #46213486, PCGS #6932

Purchased from Americana Rare Coin at the 2024 FUN show. Previously from the March 29,2023 Stack's Bowers auction of the James Allaire Millholland ( 1842-1911 ) collection where in was partially described as " Vivid mottled toning in russet, olive and steel-blue enlivens a base of antique silver tinting. Sharply struck and intensely lustrous with modest semi-reflective tendencies in the fields ".

Q. David Bowers

The following narrative, with minor editing, is from my "Silver Dollars & Trade Dollars of the United States: A Complete Encyclopedia" (Wolfeboro, NH: Bowers and Merena Galleries, Inc., 1993).

Coinage Context
The year 1846 was an average one in the annals of circulation strike silver dollar production.

The Assay Commission found that Philadelphia Mint silver (of all denominations, as a class) coined this year was .9013 fine, significantly above the statutory .900 (but still within the legal variation of .897 to .903), a very rare situation (see also 1846-O).
During the first six months of 1847, deposits of silver at all the mints amounted to $8,906,544.21, a greater amount than in any other entire year, with the exception of 1843. (The American Almanac and Repository of Useful Knowledge for the Year 1848, Boston, James Munroe & Co., 1847, pp. 114-115.)

Numismatic Information
Circulated grades: In circulated grades the 1846 is one of the more available silver dollars of the 1840s, as its high mintage would indicate.

Mint State grades: Echoing the situation of 1843, the 1846 dollar is common in worn grades but is rare in Mint State, and is exceedingly rare in grades of MS-64 or higher. In 1982, Bruce Amspacher suggested that a really nice Uncirculated coin turned up at the rate of one coin every five to 10 years. (Article, "Liberty Seated Dollars," in the Monthly Summary, Coin Dealer Newsletter, July-August, 1982.)

Varieties

Circulation strikes:

1-6. Normal Date: Breen-5435. At least six minor obverse varieties are known, all having slightly different positional relationships to the base of Liberty and denticles. Some have repunching at 18.

Circulation strike mintage: 110,600; Delivery figures by month: June: 73,000; July: 28,000; November: 9,600.

Estimated quantity melted: Unknown

Characteristics of striking: Usually very well struck and very pleasing in appearance.

Known hoards of Mint State coins: None

Commentary:

The 1846 dollar, plentiful in worn grades, is seldom seen in Mint State.