Announcement: Sunday & Tuesday Internet Coin Auctions and Weekly World and Ancient Coin Auctions move to Heritage Live!

Our Weekly Internet Coin Auctions and World and Ancient Coin Auctions are closing with live, online auctions on's Heritage Live! platform beginning with the Internet Coin Auction that ends Sunday, September 21st and the World and Ancient Coin Auction that ends on Thursday, September 25th. Each lot is offered one at a time, in lot number order, in live auctions beginning at 8:00 PM CT. During this part of the auction, live bidders will be on Heritage Live! competing with each other and with previously placed Internet bids. The lot opens, requests live bids, and then closes when the bidding is finished. There is no change in how you place your secret maximum bids during the week the auctions are open on In addition, once bidding on ends, 2 hours before the live sessions start, you still have the option to leave proxy bids through Heritage Live!

For more information about Heritage Live!, please visit If you have any questions about this exciting format change, please contact us at 800-872-6467 or

There are currently no items available for purchase in this Department. Search our Auction Archives below to find item values.
Opening Bid
Current Bid:
Reserve Amount:

You are the current high bidder on this lot with a secret maximum bid of %bidPretty%.
(%bidBP% w/Buyer's Premium (BP) ).

Notice: You are the current high bidder on this lot, but the next highest bid is within one increment. That means that any additional bids on this lot will outbid you. To increase your chances of winning, enter your highest maximum bid.

You are the current high bidder on this lot with a secret maximum bid of %bidPretty%.
(%bidBP% w/Buyer's Premium (BP) ).

You are the current high bidder on this lot.
(Sign-In to see your maximum bid)

Your secret maximum bid of %bidPretty% has been outbid.

Your secret maximum bid of %bidPretty% does not meet the reserve.

(Sign-In to see your maximum bid)

Your secret maximum bid does not meet the reserve.
(Sign-In to see your maximum bid)


1865 $1 PR68 NGC....

2008 March Phoenix, AZ (ANA) Signature Auction #1102

Sold for: Not Sold
Auction Ended On: Mar 6, 2008
Item Activity: 6 Internet/mail/phone bidders
1,290 page views

Phoenix Convention Center
West Building
100 North 3rd Street
Phoenix, AZ 85004

Lot Viewing: Room 106B

Auction: Room 106A

Unimprovable 1865 Seated Dollar, PR68
The Single Finest Example Known
1865 $1 PR68 NGC. Of the 373 1865 proof silver dollars that have been certified as of (1/08) by both NGC and PCGS combined, the current coin stands above all others with regard to state of preservation and technical grade. A smattering of examples exist at the PR66 and PR67 levels, but only one, the piece offered here, has been awarded the seemingly unattainable grade of PR68. The fields are deeply mirrored and the devices display significant mint frost which yields an unacknowledged cameo contrast beneath the multiple layers of toning. Rose and sea-green toning are seen over each side to varying degrees of intensity. The devices are fully struck in all areas, as one would expect. What is unexpected, however, are the extraordinarily clean surfaces. We simply do not see any defects on this coin.
Although 46,500 Seated dollars dated 1865 were struck for circulation, the number of survivors is comparable to that of the 500 proof coins produced that same year. According to Bowers in his seminal work on the subject, Silver Dollars & Trade Dollars of the United States (1993), the reason for this fact is twofold: most of mintage of 1865 business strike dollars were exported to Central and South America whereas the full production of 500 proof pieces were distributed with the 1865 silver proof sets. Today fewer than 400 business strikes are extant, with the vast majority of those survivors in circulated grades. Approximately the same number of proof examples are available today, based on a thorough review of auction records, population data and independent analyses of numismatic researchers. The problem encountered by advanced collectors of business strike Seated dollars, however, is the fact that few Mint State pieces dated 1865 exist. The inclusion of a high grade proof specimen into one's regular issue collection is often a tempting, and sometimes the only, option.
Breen (1977) claims to have seen one of the 1865 proof sets as produced by the Mint: "I have since seen one in original case of issue, black morocco, lined with blue satin and aquamarine plush ... ." When contemplating how an 1865 proof silver dollar could have survived 143 years in Superb Gem condition, it is easy to visualize a piece that was struck with great care under perfect conditions and immediately placed into one of the original proof set cases as described by Breen. While most of the early sets were disassembled over the years and handled with less than perfect care, this proof dollar was under the constant custodianship of an astute numismatist, or put away and forgot about throughout the decades. Whatever the case may be, numismatists of our time rejoice in the fact that this coin has defied the odds.
Regardless of state of preservation or ranking in the Condition Census, all 1865 proof Seated dollars are imbued with historical significance. 1865 was the final year of the Civil War, but it is important to note that all 500 proof silver dollars of this date were issued between February 25 and March 24. Mere days later and approximately 300 miles to the south, General Robert E. Lee surrendered his Confederate Army to Union commander Ulysses S. Grant on April 9, 1865 at Appomattox Court House, Virginia. The current piece has not changed since the instant it was struck and, as such, is a time capsule of America's history and a numismatic masterpiece. Census: 1 in 68, 0 finer (1/08).(Registry values: N10218) (NGC ID# 252K, PCGS# 7008)

View large image(s) of this item

Service and Handling Description: Coins & Currency (view shipping information)

Sales Tax information  | NGC Coin Grading Guarantee  |  Terms and Conditions

Bidding Guidelines and Bid Increments

Guides and Pricing Information:

Previous Prices from Heritage Auctions
or Join (free & quick)
Price Guide
or Join (free & quick)
Population Guide
or Join (free & quick)
Find Auction Prices for Comparable Items:

Sign-in or Join (free & quick) to see the full image

Open For Bidding
Coming Soon
sold in the last year
  1. Past Auction Values (prices, photos, full descriptions, etc.)
  2. Bid online
  3. Free Collector newsletter
  4. Want List with instant e-mail notifications
  5. Reduced auction commissions when you resell your
Consign to the 2015 January 4 - 5 NYINC World Coins & Ancient Coins Signature Auction - Waldorf NYINC.
Learn About Consigning With Us
Thank you for the outstanding job that your firm and employees did in selling the seized coins for the Internal Revenue Service.
William Beckham, Internal Revenue Service,
Dallas, TX receives more traffic than any other auction house website. To compare for yourself, visit:
Take our 2014 Coin
and Currency Survey
Grand prize:
A Certified Uncirculated
1907 High Relief $20!*
Take the Survey
2014 September 4 - 6 Long Beach Expo US Coins Signature Auction - Long Beach
2014 September 4 - 6 Long Beach Expo US Coins Signature Auction - Long Beach
REALIZED $13,399,663
2014 September 3 - 10 Long Beach Expo World Coins Signature Auction - Long Beach
2014 September 3 - 10 Long Beach Expo World Coins Signature Auction - Long Beach
REALIZED SO FAR $9,101,610
2014 September 4 - 8 Long Beach Expo World Currency Signature Auction - Long Beach
2014 September 4 - 8 Long Beach Expo World Currency Signature Auction - Long Beach
REALIZED $1,849,934