1865 $1 AU55 Certification #02794707, PCGS #6955

Owner's Comments

Without a doubt my best coin! This is the corner stone of my collection. Fantastic blue and purple toning around the periphery. Great even tone throughout, total premium quality, not just a dipped up xf. This was from David Lawrence (4****) from the Tarheel Collection if I remember correctly.

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.


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


Most 1865 Liberty Seated dollars were exported.
38.10 millimeters
Christian Gobrecht
26.73 grams
Metal Content
90% Silver, 10% Copper
The United States of America
Pop Higher
Pop Lower
Price Guide
PCGS Population
Auctions - PCGS Graded
Auctions - NGC Graded

Rarity and Survival Estimates

65 or Better 1200 R-4.9 5 / 30 TIE 12 / 45 TIE
All Grades 55 R-8.4 13 / 30 TIE 20 / 45 TIE
60 or Better 1 R-10.0 1 / 30 TIE 1 / 45 TIE

Condition Census

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

Rudolf Collection - Legend Collection of Mint State Seated Liberty Dollars

2 MS64 PCGS grade MS64 PCGS grade

Stack's/Bowers 8/2015:10138, $8,225

2 MS64 PCGS grade

Franklinton Collection - Stack's 1/2008:625 - Bill Nagle, sold privately in 2/2008 - Eugene H. Gardner Collection - Heritage 6/2014:30603, $25,850

2 MS64 PCGS grade MS64 PCGS grade
2 MS64 PCGS grade