1864 Liberty Seated Silver Dollar. OC-1. Rarity-2. Repunched Date. AU-55 (PCGS).

Highly desirable PCGS-certified Choice AU quality for this eagerly sought Civil War era Liberty Seated dollar issue. Sharply struck with plenty of the frosty to modestly semi-reflective finish remaining, both sides are lightly toned in dusky pearl-gray and pale rose shades. 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. About Uncirculated survivors, rare in an absolute sense, are particularly challenging to locate with he above average eye appeal offered here.

PCGS# 6954. NGC ID: 24Z7.

Estimate: $ 4000