Menu
Welcome Sign-In | Register
Sold for: Sign-in or Join (free & quick)
includes Buyer's Premium (BP) 

Description

1861 Seated Dollar, MS65
Bright and Semiprooflike

1861 $1 MS65 PCGS. The 1861 Seated Liberty dollar claims a nominal mintage of 77,500 pieces, but the date is quite challenging for present-day collectors. The 1861 was the first issue of the Civil War era, and distribution patterns changed radically during that period. Until 1861, most silver dollars were used in the China trade, and significant numbers of 1861 dollars undoubtedly found their way to the Orient, as well. However, it seems that most dollars of this date remained in this country, to be melted for bullion used to strike subsidiary coinage. R.W. Julian reports:

"There was very heavy melting of dollars in 1861 for use as bullion in the manufacture of subsidiary silver. In one case there were 40,000 silver dollars melted at Philadelphia. I suspect that a careful investigation of archival material would turn up meltings well in excess of that."


Whatever the fate of the majority of the 1861 mintage, it is certain that examples in Gem condition are very rare today. Heritage has only handled two other 1861 Seated Liberty dollars in MS65 in prior auctions, one in lot 6504 of the 1993 ANA Sale, and another in lot 2119 of the Queller Family Collection of Silver Dollars (Heritage, 4/2008). The Queller coin realized $46,000. Currently, PCGS has certified three coins in Gem condition, with a single specimen finer, while NGC has also graded only three examples in MS65, with none finer (11/11).
The present coin is a remarkable Gem specimen, a realistic candidate for Condition Census, and one of the finest examples known of this scarce date. The striking details are quite sharp, an important consideration with this issue, as the 1861 is known for its weak definition. The surfaces are completely brilliant, and the fields display pronounced semiprooflikeness from heavy die striations. Satiny mint luster adds to the considerable eye appeal.(Registry values: N7079) (NGC ID# 24Z4, PCGS# 6951)


Fees, Shipping, and Handling Description: Coins & Currency (view shipping information)

Sales Tax information  | PCGS Guarantee of Grade and Authenticity  |  Terms and Conditions

Bidding Guidelines and Bid Increments

Glossary of Terms

Auction Info

Auction Dates
January, 2012
3rd-8th Tuesday-Sunday
Bids + Registered Phone Bidders: 6
Lot Tracking Activity: N/A
Page Views: 981

Buyer's Premium per Lot:
15% of the successful bid (minimum $14) per lot.

Heritage membership

Join Now - It's Free

VIEW BENEFITS
  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
    winnings 
Consign now
  • Cash Advances
  • More Bidders
  • Trusted Experts
  • Over 200,000 Satisfied Consignors Since 1976
Consign to the 2016 December 7 - 8 World Coins Signature Auction - Hong Kong.

Learn about consigning with us

Top notch. No complaints. Would consider no one else to handle my material.
K.W. ,
Cupertino, CA
View More Testimonials

HA.com receives more traffic than any other auction house website. (Source: Compete.com)

Video tutorial

Getting the most out of search

Recent auctions

2016 July 7 - 10 Summer FUN US Coins Signature Auction - Orlando Summer FUN
2016 July 7 - 10 Summer FUN US Coins Signature Auction - Orlando Summer FUN
REALIZED $6,575,672
2016 June 22 - 24 World Coins Signature Auction - Hong Kong
2016 June 22 - 24 World Coins Signature Auction - Hong Kong
REALIZED $2,788,640
2016 June 23 - 24 World Currency Signature Auction - Hong Kong
2016 June 23 - 24 World Currency Signature Auction - Hong Kong
REALIZED $784,145

© 2016 Heritage Auctions | All Rights Reserved