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Description

1862 Silver Dollar, MS64+
Among the Finest Graded
Better Civil War Date

1862 $1 MS64+ PCGS. CAC. A splendid arc of iridescent aquamarine and golden-brown toning graces the left obverse. Both rims exhibit similar but less striking shades. The remainder of the coin is lightly toned chestnut-gold. Well struck and moderately prooflike with marks confined to minor contact on the left obverse field.

Variety: Apparently, only a single die pair was used to produce the 11,540-piece business issue. The dies are distinguished by heavy parallel die polish lines throughout both fields. The die lines create a semiprooflike appearance on high grade survivors.

Population Data (5/14): PCGS reports 11 MS64, one MS64+ (the present coin), and three MS65. NGC lists 20 MS64, two MS64 , one MS65, and one MS65 . CAC shows two each MS64 and MS65.

Heritage Commentary: The 1862 has the lowest mintage of any silver dollar issue from the 1860s. The mintage is less than 1% of the 1862 gold dollar production of 1,361,355 pieces. Business strikes may have been coined only in a quantity sufficient to prevent numismatic speculation on their proof counterparts, a practice for the Mint on many gold issues during the 1860s and 1870s, and on many Seated issues between 1879 and 1891. As one might expect, the 1862 is rare in all grades. According to the PCGS population, survivors are distributed fairly evenly in grades between XF and MS64.

Provenance: Purchased from Legend Numismatics (12/2010).(Registry values: N4719) (NGC ID# 24Z5, PCGS# 6952)


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Auction Info

Auction Dates
June, 2014
23rd Monday
Bids + Registered Phone Bidders: 11
Lot Tracking Activity: N/A
Page Views: 625

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