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: $19.65 (3/8/2021)
Diameter: 38.1mm
Edge: Reeded
Link to this coin

1862 $1 PF obverse 1862 $1 PF reverse
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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 7500 16000 23000 52500 - - -
$ - - - - - - - - 5450 - - 30000 - -
1862 $1 PF CA
  GVGFVFXF505355586061626364656667686970
Base $ - - - - - - - - - - - - 6000 9500 24000 26000 65000 - - -
1862 $1 PF UC
  GVGFVFXF505355586061626364656667686970
Base $ - - - - - - - - - - - - - 12500 28000 - - - - -

NGC Price and Value Guides Disclaimer

Disclaimer: The prices listed in the various NGC Price and Value Guides are compiled from a number of independent, third party sources in the numismatic community which NGC believes to be reliable. Prices provided are averages, not specific prices for individual coins. Further, because these prices are only updated from time to time, they do not reflect short term pricing trends, which are quite common and are often quite dramatic, given the volatile nature of the collectible coin marketplace. This is especially true for rare coins, where there are fewer sales and greater variations in sale prices. For all of these reasons, the prices in these guides are designed to serve merely as one of many measures and factors that coin buyers and sellers can use in determining coin values. These prices are not intended, and should not be relied upon, to replace the due diligence and — when appropriate — expert consultation that coin buyers and sellers should undertake when entering into a coin transaction. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Guides. By using the NGC Guides, the user agrees that neither NGC nor any of its affiliates, shareholders, officers, employees or agents shall have any liability for any loss or damage of any kind, including without limitation any loss arising from reliance on the information contained in the Guides.

Census

 
NGC GRADE SUMMARY

Total Graded: 168
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: 3/2/2021 1862 $1 PF
 PrAgGVGFVF4045505355586061626364656667686970Total
Base-------1-33316214343139----155
---------------1------1
-----------------1----1
-----------------------
Total-------1-333162143441310----157
 -------1%-2%2%2%10%13%27%28%8%6%---- 
1862 $1 PF CA
 PrAgGVGFVF4045505355586061626364656667686970Total
Base--------------25221---12
-----------------------
-----------------------
-----------------------
Total--------------25221---12
 --------------17%42%17%17%8%--- 
1862 $1 PF UC
 PrAgGVGFVF4045505355586061626364656667686970Total
Base----------------1-----1
-----------------------
-----------------------
-----------------------
Total----------------1-----1
 ----------------100%----- 

NGC Registry

NGC Registry Score 1862 $1 PF CA
 PrAgGVGFVF4045505355586061626364656667686970
Base333333339031243163318472029251927993830558267949554108674411479425
333333330310161373170419072192261231424414598677149991219495588483396
0000003303101613731704190721922612314244145986771499912194900
00000036031129150317751968235527053486499863908634104293303100
1862 $1 PF UC
 PrAgGVGFVF4045505355586061626364656667686970
Base333333339541309171419362124263129213983578370279854111974561582106
3333333320107214441788199822932727327545836197796910301226695777886211
00000033201072144417881998229327273275458361977969103012266900
00000036371190157918622061246228243629518366128911107493414200
1862 $1 PF
 PrAgGVGFVF4045505355586061626364656667686970
Base333333338471173154717531928240126713668536765459234105154251276563
33333332849551297161518112085249130034234575974419661211805386280391
000000328495512971615181120852491300342345759744196612118000
00000035651064142216841869224325813335480061528337100883184600
Registry Image Gallery
Grade: PF 66
Points: 6545
Owner: Simpson
 
Grade: PF 65 ULTRA CAMEO
Points: 5783
Owner: FloridaFacelifter
 
View the Registry Image Gallery

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NGC Auction Central Disclaimer

NGC Auction Central Disclaimer

Disclaimer: The auction prices realized listed in the NGC Auction Central are compiled from a number of independent, third party sources in the numismatic community which NGC believes to be reliable. The auction data listed by NGC may occasionally contain typographical or input errors that can result in incorrect prices realized appearing on the NGC website. Therefore, the prices realized listed in NGC Auction Central are designed to serve merely as one of many measures and facts that coin buyers and sellers can use in determining coin values. These prices are not intended, and should not be relied upon, to replace the due diligence and – when appropriate – expert consultation that coin buyers and sellers should undertake when entering into a coin transaction. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Auction Central. By using the NGC Auction Central, the user agrees that neither NGC nor any of its affiliates, shareholders, officers, employees or agents shall have any liability for any loss or damage of any kind, including without limitation any loss arising from reliance on the information contained in the NGC Auction Central.