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: $12.44 (12/27/2014)
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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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
  GVGFVF4045505355586061626364656667686970
Base $ 465 575 640 925 1875 1875 2450 2800 3100 3600 4600 5000 6150 8750 20000 77500 - - - - -
$ 2000 2600 3000 3350 3850 4850 5400 6900 10500 30000 - - - -
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Census

 
NGC GRADE SUMMARY

Total Graded: 74
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
2/20/2005 PCGS MS 60   Goldberg February 20-23, 2005 Pre-Long Beach Coin Auction, 28/Lot# 1724 $3,680.00
9/22/2010 PCGS Genuine Genuine   Heritage Auctions "2010 September Long Beach, CA Signature US Coin Auction #1144", 1144/Lot# 4365 $1,495.00
2/22/2013 PCGS   Stack's Bowers The March 2013 Baltimore Auction, 181/Lot# 7336 $499.38
12/15/2013 PCGS MS 92   David Lawrence Rare Coins Internet Auction # 782, 791/Lot# 259 $525.00
2/3/2014 PCGS AU 55   Heritage Auctions 2014 February 3 - 5 US Coins Signature Auction - New York Session(2), 1202/Lot# 4024 $3,055.00
5/11/2014 NGC Details XF Details  GreatCollections GreatCollections Coin Auctions 05/11/2014, 179/Lot# 192031 $517.14
8/5/2014 PCGS XF 40   Heritage Auctions 2014 August 5, 7 & 9 ANA US Coins Signature Auction - Chicago Session(3), 1208/Lot# 4658 $1,880.00


NGC Registry

NGC Registry Score 1865 S$1 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base343750262083894912391477168518091981208723852834332447317756900711754237553667057246
14745854169287510451318154617261866201621862534299737935739817399221575428060435280
000000131815461726186620162186253429973793573981739922157542806000
0000001397161517671923205122852684316042626747859010838197543236500
Registry Image Gallery

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