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: $13.38 (5/23/2017)
Diameter: 38.1mm
Edge: Reeded
Link to this coin

1864 S$1 MS obverse 1864 S$1 MS reverse


  
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VarietyPlus®

There are no NGC varieties for this coin.

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: 10/20/2016

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

1864 S$1 MS
  GVGFVFXF505355586061626364656667686970
Base $ 430 515 725 975 1750 2700 3375 3700 3950 4300 4900 7300 9250 21000 65000 125000 - - - -
$ - - - - - - - 8400 - 27500 80000 - - -

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Census

 
NGC GRADE SUMMARY

Total Graded: 89
Low Grade: G
Average Grade: 53
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
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
8/15/2011 NGC VF 30   Stack's Bowers The August 2011 Chicago ANA World's Fair of Money Auction, 115/Lot# 3070 $862.50
7/14/2013 PCGS XF 40   GreatCollections GreatCollections Coin Auctions 07/14/2013, 83/Lot# 125828 $1,272.70
3/20/2014 NGC Details UNC Details  Heritage Auctions 2014 March 20 The Collection of Donald E. Bently - Bently Foundation US Coins Signature Auction - San Francisco Session(1), 1205/Lot# 30103 $1,292.50
9/4/2014 PCGS Genuine AU   Heritage Auctions 2014 September 4 - 6 Long Beach Expo US Coins Signature Auction - Long Beach Session(2), 1209/Lot# 4304 $1,410.00
12/3/2015 PCGS MS 65   Heritage Auctions 2015 December 3 - 6 Houston Money Show US Coins Signature Auction - Houston Session(1), 1227/Lot# 3233 $47,000.00
9/7/2016 NGC Details XF Details  Heritage Auctions 2016 September 7 - 11 Long Beach Expo US Coins Signature Auction - Long Beach Session(6), 1239/Lot# 7892 $881.25


NGC Registry

NGC Registry Score 1864 S$1 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base1033106612061333160921972302261428853172334534863712443149926951105151311213723143561540919050
104411131248142518052232240627042981323033923561395246185645813911381133161393414707166230
00000024062704298132303392356139524618564581391138113316139341470700
00000025102795307632873439363741914805629893271224613519141451505800
Registry Image Gallery

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