Natural Toning
1864


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 1864
Grade: PCGS AU 58
Owner: Hagop
 
Winning Set: Natural Toning
Date Added: 7/27/2021
Research: See NGC's Census Report for this Coin

Owner's Description

This stunning original example received a plus grade for its exceptional eye-appeal. Stored for decades in a mid-west collection the golden-gray obverse toning is framed with magnificent bands of vibrant blue-green peripheral color. The reverse rims display the same blue-green toning with a few splashes in the fields. Direct lighting calls forth golden-gray undertones, and allows full appreciation of satiny mint luster. Both sides
are remarkably smooth with no hairlines or sizeable marks. The strike is razor sharp throughout, and there is only a touch of friction on isolated obverse high points.

Popular as a Civil War era issue, the circulation strike 1864 has a mintage of 30,700 pieces with survivors scarce to rare in all grades. The limited mintage can be explained by the fact that, although production at the Comstock was increasing (it amounted to nearly $9 million in 1863), bullion dealers still had to rely on imports or foreign coins in domestic circulation (primarily Mexican dollars) to obtain most of their silver. Without an abundance of domestically mined silver, there was little need for bullion depositors to turn to the Mint to coin excess silver into dollars to use in the export trade. Of course, those dollars that were struck in 1864, as in other years in the Liberty Seated series, were exported and subsequently melted. Problem-free About Uncirculated survivors, rare in an absolute sense, are particularly challenging to locate with original surfaces.

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