1861 S$1 MS64 PCGS....

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Choice Mint State 1861 Silver Dollar

1861 $1 MS64 PCGS. As the Civil War got under way, the public in both the north and the south began hoarding precious metals. Silver dollars were not released into circulation at the time. Rather, they were actually sold by the Mint at 108 cents each, according to James Pollock in his annual Mint Report. In a commentary by R.W. Julian, it was noted that substantial melting of silver dollars occurred during this time, with at least 40,000 of these melted in 1861. This was so that they could be recoined into small denomination silver issues, yielding a profit to those who deposited the silver.
This example is an amazing Choice Mint State dollar, one of the few that have survived today. It is sharply struck with frosty luster and mostly brilliant surfaces. Just a trace of peripheral golden-brown toning is noted. This is an exceptional example of the issue that will certainly be a welcome addition to the specialists collection.(#6951) (Registry values: N4719)

Coin Index Numbers: (NGC ID# 24Z4, PCGS# 6951, GSID# 7210)

Metal: 90% Silver, 10% Copper
Weight: 26.73 grams
ASW: 0.77346oz
Mintage: 77,500

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