1862 S$1

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Sold on Jul 29, 1994 for:

$28,600.00 Bid Source: Internet bidder

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Description

PCGS 1862 MS 65. The rarity of this date can be accounted for by Confederate military victories in 1861 and on into 1862. The general populace of the United States became concerned about the future of the country and hoarding was so widespread that coinage of all denominations was hardly seen in the channels of commerce. Given these factors, it is not difficult to imagine why so few mint state 1862 dollars are extant today. This is the only gem certified to date (6/94) by PCGS and none are finer.
Typical of all 1862 dollars, this piece shows extensive die striations in the fields on each side, giving the coin a semi-reflective appearance. The striking details are exceptionally bold throughout, and there are only the most trivial contact marks noted, the most noticeable ones being a series of small ticks on the upper thigh of Liberty. Toned a rich reddish-brown in the center of each side and surrounded by a deep cobalt-blue at the margins, this is a memorable Seated dollar that should fetch a strong price because of the extreme rarity of such pieces in mint state.

Coin Index Numbers: (NGC ID# 24Z5, PCGS# 6952, Greysheet# 7211)

Weight: 26.73 grams

Metal: 90% Silver, 10% Copper

View Certification Details from PCGS