Natural Toning
1862


Obverse
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Reverse
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Coin Details

  

Set Details
Origin/Country: United States
Design Description: SILVER DOLLARS - SEATED LIBERTY, NO MOTTO
Item Description: $1 1862
Grade: PCGS AU 55
Owner: Hagop
 
Winning Set: Natural Toning
Date Added: 5/20/2021
Research: See NGC's Census Report for this Coin

Owner's Description

Sharply struck smooth surfaces make an ideal canvas for the deep olive obverse and purple-gray reverse patina. The antique look transports the viewer back to an earlier time period. The die striations are lighter than usual which intensifies the eye appeal. Finding this exceptional example of this civil war issue that survived with fully natural surfaces took several decades. After the long search I didn’t hesitate paying over the market value at that time. This specimen would look very much at home in an AU-58 holder.

The 1862 has the lowest circulation strike mintage among Civil War era Liberty Seated dollars with just 11,540 coins struck. As with its predecessors beginning with the 1853, these coins were produced at the request of bullion depositors who used the coins in international commerce, especially to Liverpool, England and China. Apparently few examples returned to native shores, as the extant population of the circulation strikes is fewer than 350 coins in all grades. In addition, there are some proofs that have been mistakenly certified as circulation strikes.

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