Coin Specifications

Category: Seated Liberty Dollars (1840-1873)
Mint: Philadelphia
Mintage: 550
Catalog: KM-71
Obverse Designer: Christian Gobrecht
Reverse Designer: Christian Gobrecht
Composition: Silver
Fineness: 0.9000
Weight: 26.7300g
ASW: 0.7734oz
Melt Value: $15.08 (8/27/2014)
Diameter: 38.1mm
Edge: Reeded
Numismatic specification data provided by Krause Publications NumisMaster.
Link to this coin

1862 S$1 PF obverse 1862 S$1 PF reverse


  
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Description & Analysis

The numismatic references with the most detailed information on proof Seated Dollars (Walter Breen's Encyclopedia of United States and Colonial Proof Coins: 1722-1977 and Silver Dollars and Trade Dollars of the United States: A Complete Encyclopedia by Q. David Bowers) do not offer much information on the die diagnostics of the 1862. In fact, the Bowers' reference simply restates what Breen wrote in 1977: the date is centered with a slight slant up to the right, while on the reverse two arrowheads are joined and an inner circle is evident at the denticles above the UNITE in UNITED. Both authors also state that the Mint also used this reverse die to deliver certain restrike proof 1853 Seated Dollars. The year 1862 is the first in which the Philadelphia Mint stopped offering proof Silver Dollars for individual sale. A total of 550 proof sets of silver and minor coins were prepared that year, but only 430 sets had sold by February of 1863. Curiously, those sets that remained unsold were not melted. Rather, the coins were locked in a vault, retrieved in the mid-1870s, and offered to collector once again. We do not know if the remaining 120 coins sold at that time, but we suspect that most, if not all did since this issue is among the most frequently offered proof Seated Dollars from the Civil War era.

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.

1862 S$1 PF
  GVGFVF4045505355586061626364656667686970
Base $ - - - - - - 1160 1250 1450 1600 2500 2700 3375 4875 7100 16750 32500 66000 - - -
$ - 1270 1380 1550 1750 2700 2825 3600 5200 8000 18000 40000 75000 -
1862 S$1 PF Cameo
  GVGFVF4045505355586061626364656667686970
Base $ - - - - - - - - - - - - - 5750 8750 24000 - - - - -
$ - - - - - - - - - - - - - -
1862 S$1 PF Ultra Cameo
  GVGFVF4045505355586061626364656667686970
Base $ - - - - - - - - - - - - - - - 28500 - - - - -
$ - - - - - - - - - - - - - -
NGC Price and Value Guides Disclaimer

Census

 
NGC GRADE SUMMARY

Total Graded: 164
Low Grade: 55
Average Grade: 63
High Grade: 67


Upcoming Auctions

A random selection of NGC coins is shown below.

Images
Date
Grade
Auction House
Sale / Lot
9/6/2014 PF 65   Ultra Cameo Heritage Auctions 2014 September 4 - 6 Long Beach Expo US Coins Signature Auction - Long Beach Session(1), 1209/Lot# 3233


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
2/27/2003 PCGS PF 65   Heritage Auctions 2003 February Long Beach Signature Sale #314, 314/Lot# 7994 $9,775.00
2/20/2005 PCGS PF 64   Ultra Cameo Goldberg February 20-23, 2005 Pre-Long Beach Coin Auction, 28/Lot# 1714 $17,250.00
3/2/2005 PCGS PF 62   Teletrade Auction 2008, 2008/Lot# 1596 $2,420.00
1/3/2007 PCGS PF 63   Heritage Auctions 2007 January Orlando, FL (FUN) Signature Coin Auction #422, 422/Lot# 5216 $3,450.00
6/5/2008 NGC PF 64   Cameo David Lawrence Rare Coins Thursday - Internet Auction # 251, 257/Lot# 8020 $6,900.00
1/7/2009 NGC PF 65   Heritage Auctions 2009 January Orlando, FL FUN Auction #1121, 1121/Lot# 3970 $9,200.00
2/3/2014 PCGS Genuine Genuine   Heritage Auctions 2014 February 3 - 5 US Coins Signature Auction - New York Session(2), 1202/Lot# 4034 $3,818.75
8/8/2014 NGC PF 63   Stack's Bowers August 2014 Chicago ANA, 6014/Lot# 4162 $3,055.00


NGC Registry

NGC Registry Score 1862 S$1 PF
 PrAgGVGFVF4045505355586061626364656667686970
Base333333338471173154717531928240126713668536765459234105154251276563
3333333284955129716151811208524913003423457597441966121180538620
000000328495512971615181120852491300342345759744196612118000
00000035651064142216841869224325813335480061528337100883184600
1862 S$1 PF Cameo
 PrAgGVGFVF4045505355586061626364656667686970
Base333333339031243163318472029251927993830558267949554108674411479425
33333333031016137317041907219226123142441459867714999121949558840
0000003303101613731704190721922612314244145986771499912194900
00000036031129150317751968235527053486499863908634104293303100
1862 S$1 PF Ultra Cameo
 PrAgGVGFVF4045505355586061626364656667686970
Base333333339541309171419362124263129213983578370279854111974561582106
333333332010721444178819982293272732754583619779691030122669577780
00000033201072144417881998229327273275458361977969103012266900
00000036371190157918622061246228243629518366128911107493414200
Registry Image Gallery
Grade: PF 66
Points: 6545
Owner: mr cool
 
Grade: PF 66
Points: 6545
Owner: Simpson
 
View the Registry Image Gallery

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