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: $12.88 (3/1/2015)
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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VarietyPlus®

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: 12/8/2014

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

1864 S$1 MS
  GVGFVF4045505355586061626364656667686970
Base $ 450 575 775 1025 1800 1800 2500 3200 3700 4000 4300 4800 7100 9250 21000 65000 125000 - - - -
$ 1950 2700 3450 3900 4200 4500 5300 7750 13000 27500 80000 - - -

The World Coin Price Guide is independently compiled by Krause Publications’ NumisMaster. NGC makes this information available to its website visitors as a free service, but in no way does the information provided represent NGC’s official opinion or policy. For example, varieties listed in the World Coin Price Guide may not necessarily be recognized by NGC. Please contact NGC Customer Service with any questions.

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Census

 
NGC GRADE SUMMARY

Total Graded: 80
Low Grade: G
Average Grade: 53
High Grade: 65


Upcoming Auctions


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
3/13/1996 PCGS XF 40   Teletrade Auction 0823, 823/Lot# 647 $490.50
2/20/2005 PCGS MS 63   Goldberg February 20-23, 2005 Pre-Long Beach Coin Auction, 28/Lot# 1722 $6,325.00
7/14/2013 PCGS XF 40   GreatCollections GreatCollections Coin Auctions 07/14/2013, 83/Lot# 125828 $1,272.70
11/15/2013 NGC XF 40   Heritage Auctions 2013 November 15 - 16 Selections from the Eric P. Newman Collection, Part II Signature Auction - New York Session(3), 1190/Lot# 33869 $1,762.50
6/9/2014 NGC Details F Details  Stack's Bowers iAuction 3485, 6034/Lot# 20455 $384.23
9/4/2014 PCGS Genuine AU   Heritage Auctions 2014 September 4 - 6 Long Beach Expo US Coins Signature Auction - Long Beach Session(2), 1209/Lot# 4304 $1,410.00
11/6/2014 PCGS F 15   Heritage Auctions 2014 November 6 - 10 US Coins Signature Auction - Beverly Hills Session(5), 1211/Lot# 8059 $763.75


NGC Registry

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

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