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    Description

    Gem Proof 1862 Seated Dollar
    Spectacularly Toned Civil War Era Specimen

    1862 $1 PR65 NGC. The economic uncertainty occasioned by the advent of the Civil War caused widespread hoarding of all U.S. coinage and general mistrust of paper money. One result of these unwelcome financial conditions was a new series of restrictions on the method of ordering and payment for proof coins. Only specie payment was accepted, requiring collectors to buy gold or silver coins from bullion dealers at a steep premium, in order to exchange them at the Mint for proof examples. The old minor charges for proof production and postage remained in effect as well. As a result, few collectors ordered proof sets during this era, and specimens are seldom encountered today.
    The present coin is a delightful Gem, with razor-sharp definition on all design elements. The deeply reflective surfaces are blanketed in iridescent shades of golden-brown, green, and cerulean-blue toning. This coin possesses tremendous eye appeal. Census: 13 in 65, 9 finer (2/12).(Registry values: N4719) (NGC ID# 252G, PCGS# 7005)


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    Auction Dates
    March, 2012
    8th-11th Thursday-Sunday
    Bids + Registered Phone Bidders: 9
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