1864 $1 MS65 NGC....

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Scarce Gem 1864 Seated Dollar

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 just 183 examples have been certified by NGC and PCGS combined in all grades, a figure that undoubtedly includes numerous duplications (4/09).
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 (4/09).
Ex: Heritage (1/2005), lot 30279, which realized $21,850.
From The Joseph C. Thomas Collection, Part Two.(Registry values: N7079)

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

Metal: 90% Silver, 10% Copper
Weight: 26.73 grams
ASW: 0.77346oz
Mintage: 30,700

View all of [The Joseph C. Thomas Collection, Part Two ]

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