1863 S$1 MS64 PCGS....

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Important Mint State 1863 Seated Liberty Dollar

1863 $1 MS64 PCGS. At the height of the Civil War, just 27,200 silver dollars were coined for circulation. As best as can be determined, these silver dollars were struck and retained temporarily by the Mint, being paid out at a premium to banks and bullion dealers for export purposes. At the time, it was not legal for the Mint to make specie payments to place these coins in circulation. In fact, that remained the case until 1876. Some have suggested that the Treasury simply held these coins until that time; however, Dave Bowers pointed out that that was apparently not the case. "To suggest that most of the mintage of silver dollars remained in Treasury vaults awaiting the resumption of specie payments would not seem to be correct. Further, if this had been done, then thousands of coins would have circulated domestically after the mid-1870s, and business strikes in grades such as VF and EF would be much more available today than they actually are."
This Choice Mint State dollar has splendid satiny luster beneath lovely iridescent toning. The obverse has light gold blended with lilac color, and all surrounded by bright blue. The reverse is mostly natural grayish-brown with some blue toning along the border. This is a sharply struck example and is among the finest of few Mint State survivors. Population: 8 in 64, 5 finer (9/04).(#6953) (Registry values: N4719)

Coin Index Numbers: (NGC ID# 24Z6, PCGS# 6953, GSID# 7212)

Metal: 90% Silver, 10% Copper
Weight: 26.73 grams
ASW: 0.77346oz
Mintage: 27,200

View Certification Details from PCGS