Natural Toning
1863


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 1863
Grade: PCGS AU 58
Owner: Hagop
 
Winning Set: Natural Toning
Date Added: 4/6/2021
Research: See NGC's Census Report for this Coin

Owner's Description

A razor-sharp strike on this uncirculated example with silver-gray centers with splashes of blue-violet patina toward the periphery, the reverse displays a similar pattern in olive-brown. Although it has smooth, hairline free, satiny surfaces, it was likely net graded to CH AU.

With the outbreak of the Civil War, confidence in paper currency was even less than it was before. Because specie payments were in suspension, the small quantities of silver dollars struck during the conflict were almost exclusively the province of bullion depositors seeking coinage for use overseas. Since the silver dollar seldom saw domestic use, only a small number were taken up by the nascent numismatic community; the few active coin collectors of the era preferred to order Proofs instead. Such is the case for the 27,200 circulation strike silver dollars coined at the Philadelphia Mint in 1863. The coins were produced in four distinct batches from an unknown number of dies: 3,800 pieces on March 9; 1,400 on March 26; 15,400 on April 10, and finally 6,600 coins on November 22.

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