Expert Comments

David Akers (1975/88)

The 1865 has the lowest official mintage of any regularly issued date prior to 1881. Even with such a small mintage, this date was clearly made for commercial reasons, in contrast to most of those of the 1880's, as evidenced by the fact that the majority of known specimens are well worn. As is the case with most rare coins, this date is usualy overgraded by a substantial margin. In my experience it would rank fifth most difficult to obtain on choice condition behind the 1855-S, 1857-S, 1860-S, and 1854-D. I have seen only two full mint state pieces and three legitimate AU's. Even strictly graded EF's are hard to come by and I would estimate that four out of five specimens that I have seen were no better than VF-30.
20.50 millimeters
James Barton Longacre
5.02 grams
Metal Content
90% Gold, 10% Copper
The United States of America
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Price Guide
PCGS Population
Auctions - PCGS Graded
Auctions - NGC Graded

Rarity and Survival Estimates

65 or Better 300 R-6.4 5 / 41 TIE 5 / 41 TIE
All Grades 20 R-9.1 7 / 41 TIE 7 / 41 TIE
60 or Better 6 R-9.7 10 / 41 TIE 10 / 41 TIE

Condition Census

Pos Grade Thumbnail Pedigree and History
1 MS66+ PCGS grade MS66+ PCGS grade

Richard C. Jewell Collection - American Numismatic Rarities 3/2005:628, $57,500 - Bob R. Simpson Collection

2 MS66 PCGS grade
2 MS66 PCGS grade
2 MS66 estimated grade
5 MS65 estimated grade