Coin Specifications

Category: Seated Liberty Dollars (1840-1873)
Mint: Philadelphia
Mintage: 46,500
Catalog: KM-71
Obverse Designer: Christian Gobrecht
Reverse Designer: Christian Gobrecht
Composition: Silver
Fineness: 0.9000
Weight: 26.7300g
ASW: 0.7734oz
Melt Value: $11.28 (8/31/2015)
Diameter: 38.1mm
Edge: Reeded
Numismatic specification data provided by Krause Publications NumisMaster.
Link to this coin

1865 S$1 MS obverse 1865 S$1 MS reverse


  
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VarietyPlus®

There are no NGC varieties for this coin.

Description & Analysis

The Civil War was not only a human disaster of unparalleled proportions in the history of the United States to that time, it was a numismatic disaster as well. As in other times of uncertainty throughout our nation's history, people turned to hoarding currency for worse times that were anticipated to come. By 'currency' we mean gold and silver, which began disappearing from circulation in December 1861, when New York banks suspended so-called 'specie payments,' or payouts in silver coin for gold or paper currency. By the summer of 1862 all regular-issue U.S. coinage (and any precious-metal foreign coins as well) had disappeared from circulated, even Indian cents. Merchants turned to the production of patriotic Civil War tokens and 'store cards' to try to conduct business, to which hated paper currency and scrip provided a meager supplement.

Silver coin production at the Mint declined drastically during the war years, and whatever silver coin was produced was promptly either tucked away or exported. Bowers' Silver Dollar Encyclopedia maintains that most of the 1865 Seated dollar issue was exported to Central and South America.

Regardless of the precise disposition of the coins nearly 150 years ago, today there is incontrovertible evidence that the issue is quite rare in Mint State grades. Both NGC and PCGS have each certified a couple of dozen Uncirculated pieces, but nearly all of them are MS64 or below.

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.

1865 S$1 MS
  GVGFVFXF5053555861626364656667686970
Base $ 465 575 640 925 1875 2450 2800 3100 3600 5000 6150 8750 20000 77500 - - - - -
$ 2000 2600 3000 3350 3850 5400 6900 10500 30000 - - - -

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: 73
Low Grade: G
Average Grade: 55
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
9/6/1999 NGC AU 50   Teletrade Auction 1207, 1207/Lot# 1572 $763.00
1/28/2004 PCGS MS 62   Heritage Auctions 2004 January Long Beach Signature Sale #342, 342/Lot# 6310 $4,830.00
2/20/2005 PCGS MS 60   Goldberg February 20-23, 2005 Pre-Long Beach Coin Auction, 28/Lot# 1724 $3,680.00
4/14/2013 PCGS Genuine AU   GreatCollections GreatCollections Coin Auctions 04/14/2013, 70/Lot# 109366 $1,292.50
12/15/2013 PCGS MS 92   David Lawrence Rare Coins Internet Auction # 782, 791/Lot# 259 $525.00
5/11/2014 NGC Details XF Details  GreatCollections GreatCollections Coin Auctions 05/11/2014, 179/Lot# 192031 $517.14
10/24/2014 NGC Details AU Details  Stack's Bowers iAuction 3505, 6059/Lot# 23302 $887.13


NGC Registry

NGC Registry Score 1865 S$1 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base90393311031239155822332319255526992781305735833747418748766545111721171612278128611383317202
9139901148134517832262239826032726287332323638389444175432808711353119031247213185149560
00000023982603272628733232363838944417543280871135311903124721318500
00000024762651275429653408369240404646598996301153512091126671350900
Registry Image Gallery

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