1865 $1 MS64 PCGS. CAC. FS-801....

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Description

1865 Silver Dollar, MS64
Repunched U, FS-801
Sole CAC MS64 Example

1865 $1 MS64 PCGS. CAC. FS-801. Blended olive-gray and tan-brown toning enriches this lustrous and impressive Civil War Seated dollar. The strike is good aside from minor blending near the eagle's left shield corner. Marks are minimal for the MS64 level, and the eye appeal is exceptional for the designated grade.

Variety: FS-801, Flynn DDR-002. The U in UNITED is widely doubled. No other design elements show doubling. Listed as a doubled die variety in Cherrypickers', but the absence of doubling elsewhere instead suggests manual repunching of the U on a working reverse die. The date is centered but slopes upward. More than one reverse die was used to coin the issue, since a survey of Heritage auctions indicates only a small percentage of examples exhibit the recut U.

Population Data (5/14): PCGS lists 10 MS64 and one MS65. NGC shows 13 MS64 and one MS65. CAC records only one MS64 and one MS65.

Heritage Commentary: The 1865 Philadelphia mintage is very similar to the 1866 and 1867 mintages (respectively, 46,500, 48,900, and 46,900 pieces). The mintages are too high for a token production, yet too low for domestic use, particularly since Seated coins failed to circulate those three years and could only be obtained at a premium from a broken.

The implication is that the 1865 was struck as a foreign trade coin. Bowers writes, "most of the mintage of the 1865 silver dollar is believed to have been exported to Central and South America."

Provenance: Franklinton Collection (Stack's, 1/2008), lot 625; purchased from Bill Nagle (2/2008).(Registry values: N4719)

Coin Index Numbers: (NGC ID# 24Z8, PCGS# 6955, Greysheet# 7214)

Weight: 26.73 grams

Metal: 90% Silver, 10% Copper

View Certification Details from PCGS