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: $11.30 (9/4/2015)
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 NGC 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
  GVGFVFXF5053555861626364656667686970
Base $ 450 575 775 1025 1800 2500 3200 3700 4000 4800 7100 9250 21000 65000 125000 - - - -
$ 1950 2700 3450 3900 4200 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: 84
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
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
7/26/2012 NGC AU 50   Stack's Bowers The August 2012 Philadelphia ANA World's Fair of Money Auction, 140/Lot# 274 $1,138.58
1/9/2013 NGC Details XF Details  Heritage Auctions 2013 January 9-13 US Coin FUN Signature Auction - Orlando Session(8), 1181/Lot# 11224 $746.13
6/27/2014 PCGS MS 60   Stack's Bowers June 2014 Baltimore, 6021/Lot# 2049 $3,818.75
9/7/2014 NGC   GreatCollections GreatCollections Coin Auctions 09/07/2014, 191/Lot# 218707 $2,175.00


NGC Registry

NGC Registry Score 1864 S$1 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base1033106612061333160921972302261428853172334534863712443149926951105151311213723143561540919050
104411131248142518052232240627042981323033923561395246185645813911381133161393414707166230
00000024062704298132303392356139524618564581391138113316139341470700
00000025102795307632873439363741914805629893271224613519141451505800
Registry Image Gallery

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