Coin Specifications

Category: Seated Liberty Dollars (1840-1873)
Mint: Philadelphia
Mintage: 550
Obverse Designer: Christian Gobrecht
Reverse Designer: Christian Gobrecht
Composition: Silver
Fineness: 0.9000
Weight: 26.7300g
ASW: 0.7734oz
Melt Value: $11.97 (6/24/2019)
Diameter: 38.1mm
Edge: Reeded
Link to this coin

1862 $1 PF obverse 1862 $1 PF reverse
Images courtesy of Heritage Auctions (HA.com)
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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: 6/24/2019

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

1862 $1 PF
  GVGFVFXF505355586061626364656667686970
Base $ - - - - - 1500 1800 2200 2350 2950 3100 3600 4750 7000 16000 23000 48500 - - -
$ - - - - - - - - 5450 - - 30000 - -
1862 $1 PF Cameo
  GVGFVFXF505355586061626364656667686970
Base $ - - - - - - - - - - - - 6000 9500 24000 26000 65000 - - -
1862 $1 PF Ultra Cameo
  GVGFVFXF505355586061626364656667686970
Base $ - - - - - - - - - - - - - 12500 28000 - - - - -

NGC Price and Value Guides Disclaimer

Census

 
NGC GRADE SUMMARY

Total Graded: 166
Low Grade: 50
Average Grade: 63
High Grade: 67

The chart showing 50 series, 53 series, 55 series, 58 series, 60 series, 61 series, 62 series, 63 series, 64 series, 65 series, 66 series, 67 series.
NGC CENSUS DETAIL Last Updated: 6/19/2019 1862 $1 PF
 PrAgGVGFVF4045505355586061626364656667686970Total
Base-------1-333162042421391---153
---------------1------1
-----------------1----1
-----------------------
Total-------1-3331620424313101---155
 -------1 %-2 %2 %2 %10 %13 %27 %28 %8 %6 %1 %--- 
1862 $1 PF Cameo
 PrAgGVGFVF4045505355586061626364656667686970Total
Base--------------25221---12
-----------------------
-----------------------
-----------------------
Total--------------25221---12
 --------------17 %42 %17 %17 %8 %--- 
1862 $1 PF Ultra Cameo
 PrAgGVGFVF4045505355586061626364656667686970Total
Base----------------1-----1
-----------------------
-----------------------
-----------------------
Total----------------1-----1
 ----------------100 %----- 

Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
8/19/1995 PCGS PF 64   Heritage Auctions 1995 ANA Sale #139, 139/Lot# 6561 $4,950.00
1/26/2000 PCGS PF 63   Teletrade Auction 1263, 1263/Lot# 1655 $2,675.00
2/10/2008 PCGS PF 64   Cameo Goldberg February 10-13, 2008 Pre-Long Beach Coin and Currency Auction, 44/Lot# 2923 $7,820.00
6/5/2008 NGC PF 64   Cameo David Lawrence Rare Coins Thursday - Internet Auction # 251, 257/Lot# 8020 $6,900.00
9/14/2008 PCGS PF 64   Cameo Goldberg September 14-16, 2008 Pre-Long Beach Coin Auction, 48/Lot# 967 $8,337.50
8/2/2012 NGC PF 61   Heritage Auctions 2012 August 2-5 US Coins Signature Auction- Philadelphia Session(1), 1173/Lot# 3538 $2,364.10
8/2/2012 PCGS PF 61   Heritage Auctions 2012 August 2-5 US Coins Signature Auction- Philadelphia Session(1), 1173/Lot# 3537 $2,173.75
7/27/2013 NGC PF 66   Stack's Bowers The August 2013 Chicago ANA World's Fair of Money , 192/Lot# 4361 $16,450.00
1/7/2015 PCGS PF 62   Heritage Auctions 2015 January 7 - 12 FUN US Coins Signature Auction - Orlando Session(3), 1216/Lot# 5373 $2,820.00


NGC Registry

NGC Registry Score 1862 $1 PF Cameo
 PrAgGVGFVF4045505355586061626364656667686970
Base333333339031243163318472029251927993830558267949554108674411479425
33333333031016137317041907219226123142441459867714999121949558840
0000003303101613731704190721922612314244145986771499912194900
00000036031129150317751968235527053486499863908634104293303100
1862 $1 PF Ultra Cameo
 PrAgGVGFVF4045505355586061626364656667686970
Base333333339541309171419362124263129213983578370279854111974561582106
333333332010721444178819982293272732754583619779691030122669577780
00000033201072144417881998229327273275458361977969103012266900
00000036371190157918622061246228243629518366128911107493414200
1862 $1 PF
 PrAgGVGFVF4045505355586061626364656667686970
Base333333338471173154717531928240126713668536765459234105154251276563
3333333284955129716151811208524913003423457597441966121180538620
000000328495512971615181120852491300342345759744196612118000
00000035651064142216841869224325813335480061528337100883184600
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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