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: $19.67 (3/8/2021)
Diameter: 38.1mm
Edge: Reeded
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1864 $1 MS obverse 1864 $1 MS reverse
Images Courtesy of Heritage Auctions (HA.com)
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Description & Analysis

The run of low-mintage silver dollars that commenced in 1862 continued into this year. With the silver dollar worth nearly twice as much as the paper dollar in 1864, it's obvious that this was not a coin that circulated in its own time, at least not in most of the nation. The only place where this disparity of value didn't matter was in the western states and territories where paper currency was simply not accepted. Perhaps a quantity was shipped west for use there, which could account for the unusually high proportion of worn examples known today. Other dollars of the period are rarely found more than lightly worn.

Mint State survivors are genuinely rare, though among these pieces are a number or choice and gem examples. While some of these coins have frosty luster, more often seen are dollars having semi-prooflike fields.

Not surprisingly, just a single pair of dies was used for this modest mintage. The reverse die carried on into 1865's production.

GRADE SUMMARY

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Price Guide

Last Updated: 1/16/2020

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

1864 $1 MS
  GVGFVFXF505355586061626364656667686970
Base $ 550 750 1000 1500 1750 3250 3500 4300 4650 4800 5000 7300 9250 18250 55000 125000 - - - -
$ - - - - - - - 8400 - 22500 80000 - - -

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: 93
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: 3/2/2021 1864 $1 MS
 PrAgGVGFVF4045505355586061626364656667686970Total
Base-24117101062912--4277-----93
-----------------------
-----------------------
-----------------------
Total-24117101062912--4277-----93
 -2%4%1%18%11%11%6%2%10%13%--4%2%8%8%----- 

NGC Registry

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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.