1865 $1 MS65

CERTIFICATION#: 21572857
PCGS#: 6955

Owner's Comments

The Rudolf specimen - the finest known. Amazing mint bloom graces near perfect surfaces. A light hint of golden toning is confined to Miss Liberty, otherwise white and flashy.

Expert Comments

Q. David Bowers: The following narrative, with minor editing, is from my "Silver Dollars & Trade Dollars of the United States: A Complete Encyclopedia" (Wolfeboro, NH: Bowers and Merena Galleries, Inc., 1993).

Coinage Context

Distribution: In 1865, the final year of the Civil War, specie payments remained in suspension, and the Treasury Department placed no 1865 silver coins of any denomination into circulation in the East. On the West Coast business was much as usual, and 1865-S silver and gold coins circulated in commerce.

Most of the mintage of the 1865 silver dollar is believed to have been exported to Central and South America.
Numismatic Information

Circulated grades: Here we go again: low mintage + many exported = rarity today. Circulated specimens are very scarce, possibly even scarcer than 1864 (although 1864 has a lower mintage).

Mint State grades: The 1865 dollar is a great rarity in Mint State and is a fit partner with others of its era in this regard. Some high-grade pieces show extensive die striae on the obverse, as struck. One reverse die shows breaks through the tops of TES, OF, and MERI, and the bottoms of E DOL; some unfinished areas in vertical shield stripe white spaces 2 and 3.

Varieties

Circulation strikes:

1. Low Date: Breen-5471. Obverse: Date low in field.

2. Normal Date: Breen-5471. Obverse: Date centered in field.

Dies prepared: Obverse: 3; Reverse: 3

Circulation strike mintage: 46,500; Delivery figures by day: March 3: 3,800; May 31: 14,000; September 8: 9,700; September 13: 7,000; September 27: 12,000.

Estimated quantity melted: Unknown

Characteristics of striking: Many show areas of light striking, often including the eagle's dexter leg.

Known hoards of Mint State coins: None

Commentary

Most 1865 Liberty Seated dollars were exported.

Diameter: 38.10 millimeters Designer: Christian Gobrecht Edge: Reeded
Mintage: 46,500 Weight: 26.73 grams Metal Content: 90% Silver, 10% Copper
8
375
1
10
390
1
45+
1,900
50+
2,600
53
2,900
12
53+
3,000
55+
3,300
58+
3,650
62+
5,000
63+
8,750
64+
27,000

Rarity and Survival Estimates

Grades Survival Estimate Numismatic Rarity Relative Rarity by Type Relative Rarity by Series
All Grades 1,200 R-4.9 5 / 30 TIE 12 / 45 TIE
60 or Better 55 R-8.4 13 / 30 TIE 20 / 45 TIE
65 or Better 1 R-10.0 1 / 30 TIE 1 / 45 TIE

Condition Census

Pos Grade Thumbnail Pedigree and History
1 MS65 PCGS grade
2 MS64 PCGS grade
2 MS64 PCGS grade  
2 MS64 PCGS grade  
2 MS64 PCGS grade