1864 $1 MS65 NGC....

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Sold on Jan 7, 2010 for:

$21,850.00 Bid Source: HA.com/Live bidder

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Rarely Seen 1864 Seated Dollar in Gem Condition

1864 $1 MS65 NGC. This Civil War-issue Seated dollar is a scarce one to find in full Gem condition. The mintage was a minuscule 30,700 business strikes, compared to later issues in the six- or seven-digit range. Even with that meager production, most of the coins were exported, and they failed to circulate domestically. Today, there are only a few hundred survivors. Even that estimate may be too ambitious, as less than 200 examples have been certified by NGC and PCGS combined in all grades, a figure that undoubtedly includes numerous duplications (11/09).
This piece is sharply struck throughout, with strong curls on Liberty. The eagle and claws are boldly defined, areas that are weakly struck on many Seated dollars. Liberty's head and all of the obverse stars are likewise sharply, if not fully struck. This excellence of overall detail is quite unusual for the type, and doubtless helps explain the rare Gem grade assessment by NGC. The coin is toned with a blush of light gold over champagne-gray coloration. The fulsome mint luster that shimmers over both sides is of a beautiful, satiny texture. We note a long thin line down the right obverse field, close to the inside stars, and a similar but much shorter faint line just below the stem on the reverse. Fine die lines, as struck, appear around the upper and upper left obverse stars. Census: 8 in 65, 0 finer (11/09).
Ex: Heritage (1/2005), lot 30279, which realized $21,850.(Registry values: N7079)

Coin Index Numbers: (NGC ID# 24Z7, PCGS# 6954, Greysheet# 7213)

Weight: 26.73 grams

Metal: 90% Silver, 10% Copper

View Certification Details from NGC