Coin Specifications

Category: Seated Liberty Dollars (1840-1873)
Mint: Philadelphia
Mintage: 30,700
Catalog: KM-71
Obverse Designer: Christian Gobrecht
Reverse Designer: Christian Gobrecht
Composition: Silver
Fineness: 0.9000
Weight: 26.7300g
ASW: 0.7734oz
Melt Value: $15.99 (7/31/2014)
Diameter: 38.1mm
Edge: Reeded
Numismatic specification data provided by Krause Publications NumisMaster.
Link to this coin

1864 S$1 MS obverse 1864 S$1 MS reverse


  
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There are no varieties for this coin.

Description & Analysis

The 1864 is widely recognized as a rarity in mint condition, but the reasons why are not always obvious. Until the discovery of the Comstock Lode in the late 1850s, silver was mined in this country in tiny quantities. As a result, mintages for silver coins were relatively low for most denominations. After the Comstock Lode began to flood the commodities markets with silver in the United States, mintages slowly began to rise in certain denominations and years, but not uniformly. The one complicating factor that prevented it from rising in all denominations was the Civil War. It may seem peculiar to Americans today, but in the early 1860s the outcome of the War Between the States was anything but a foregone conclusion. There was a distinct possibility in the early years that the South might actually win its independence. If it did, what would become of the North? How would Northern textile mills survive without Southern cotton? This question, of course, was answered midway through the war by the purchase of cotton at favorable prices from Egypt. Nevertheless, there was great uncertainty on both sides of the conflict, and people's natural reaction was to hoard silver and gold when it was found (which was seldom).

In his Silver Dollar Encyclopedia Q. David Bowers cites another reason for the absolute scarcity of this date: 'Silver dollars of the 1864 year did not circulate domestically, and their rarity today is explained by the fact that most were exported.' In addition to an absolute rarity, the 1864 dollar is also a condition rarity.

Description and Analysis courtesy of Heritage Auctions and may not be republished without written permission.


GRADE SUMMARY

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Price Guide

Last Updated: 12/16/2013

Click on a price to see historical prices, comparison charts and trends.

1864 S$1 MS
  GVGFVF4045505355586061626364656667686970
Base $ 450 550 650 900 1600 1600 2250 2750 3350 3750 4100 4700 7000 9250 21000 65000 110000 - - - -
$ 1750 2500 3250 3650 4100 4500 5200 7600 10575 27500 80000 120000 - -
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Census

 
NGC GRADE SUMMARY

Total Graded: 79
Low Grade: G
Average Grade: 53
High Grade: 65


Upcoming Auctions

A random selection of NGC coins is shown below.

Images
Date
Grade
Auction House
Sale / Lot
8/9/2014 AU 58   Heritage Auctions 2014 August 5, 7 & 9 ANA US Coins Signature Auction - Chicago Session(3), 1208/Lot# 4657


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
4/24/1999 NGC XF 45   Heritage Auctions 1999 Central States Bullet Sale #201, 201/Lot# 293 $495.00
2/20/2005 PCGS MS 63   Goldberg February 20-23, 2005 Pre-Long Beach Coin Auction, 28/Lot# 1722 $6,325.00
11/28/2010 PCGS F 12   Teletrade Auction 2967, 2967/Lot# 2052 $661.25
6/1/2011 PCGS XF 40   Heritage Auctions 2011 June Long Beach Signature US Coin Auction Session(1), 1156/Lot# 3872 $1,380.00
8/11/2011 NGC Details VF Details  Heritage Auctions 2011 August Chicago Signature US Coin & Platinum Night Auction Session(6), 1158/Lot# 10718 $299.00
8/15/2011 NGC VF 30   Stack's Bowers The August 2011 Chicago ANA World's Fair of Money Auction, 115/Lot# 3070 $862.50
8/12/2012 NGC MS 61   GreatCollections GreatCollections Coin Auctions 08/12/2012, 35/Lot# 66759 $3,641.00
7/7/2013 PCGS Genuine XF   GreatCollections GreatCollections Coin Auctions 07/07/2013, 82/Lot# 121905 $423.52


NGC Registry

NGC Registry Score 1864 S$1 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base347752764285699012711505177219282139226824952910338653166089900711754229113517154627
16149356571390010831349159418241998218223432633306840295573706199221547326997416560
000000134915941824199821822343263330684029557370619922154732699700
0000001427168318762068222524192771322746725831803410838191923108400
Registry Image Gallery

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