Coin Specifications

Category: Seated Liberty Dollars (1840-1873)
Mint: Philadelphia
Mintage: 30,700
Obverse Designer: Christian Gobrecht
Reverse Designer: Christian Gobrecht
Composition: Silver
Fineness: 0.9000
Weight: 26.7300g
ASW: 0.7734oz
Melt Value: $11.47 (4/23/2019)
Diameter: 38.1mm
Edge: Reeded
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1864 $1 MS obverse 1864 $1 MS reverse
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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: 4/23/2019

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

1864 $1 MS
  GVGFVFXF505355586061626364656667686970
Base $ 520 715 940 1380 2000 3000 3100 3700 4050 4500 5300 6875 8450 21000 63000 125000 - - - -
$ - - - - - - - 8400 - 27500 80000 - - -

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Census

 
NGC GRADE SUMMARY

Total Graded: 88
Low Grade: G
Average Grade: 53
High Grade: 65

The chart showing G series, VG series, F series, VF series, 40 series, 45 series, 50 series, 53 series, 55 series, 58 series, 60 series, 61 series, 62 series, 63 series, 64 series, 65 series.
NGC CENSUS DETAIL Last Updated: 4/23/2019 1864 $1 MS
 PrAgGVGFVF4045505355586061626364656667686970Total
Base-12114101062912--5277-----88
-----------------------
-----------------------
-----------------------
Total-12114101062912--5277-----88
 -1 %2 %1 %16 %11 %11 %7 %2 %10 %14 %--6 %2 %8 %8 %----- 

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
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
9/7/2014 NGC   GreatCollections GreatCollections Coin Auctions 09/07/2014, 191/Lot# 218707 $2,175.00
10/8/2014 PCGS VF 35   Heritage Auctions 2014 October 8 - 13 PNG New York Invitational US Coins Signature Auction - New York Session(2), 1210/Lot# 3677 $1,645.00
11/6/2014 PCGS F 15   Heritage Auctions 2014 November 6 - 10 US Coins Signature Auction - Beverly Hills Session(5), 1211/Lot# 8059 $763.75
4/27/2016 NGC Details VF Details  Heritage Auctions 2016 April 27 - May 1 CSNS US Coins Signature Auction - Chicago Session(6), 1234/Lot# 8172 $616.88
9/7/2016 NGC AU 55   Heritage Auctions 2016 September 7 - 11 Long Beach Expo US Coins Signature Auction - Long Beach Session(2), 1239/Lot# 4334 $3,525.00
12/13/2018 NGC VF 25   Heritage Auctions 2018 December 13-14 US Coins Signature Auction Session(4), 1282/Lot# 7709 $960.00


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