Seated Dollars 1863 $1 MS65 PCGS. OC-1. Silver and gold

Seated Dollars
1863 $1 MS65 PCGS. OC-1. Silver and gold hoarding during the Civil War forced the government to suspend specie payments, and the only silver dollars minted, 27,200 in 1863, were struck on account of private depositors of silver bullion. Banks, bullion dealers, and merchants purchased coins at a premium for use in foreign trade, mostly to Latin American and East Indian ports. The result of the low mintage and high exportation was a minuscule supply that were available for numismatic purposes, and most of those that were preserved were proof examples from the 460 such pieces minted.
Perhaps as many as 75 Mint State 1863 Seated dollars survive from the 27,200-coin mintage. That is an extremely low survival rate, and among those that do survive, the typical example grades MS63 or MS64. PCGS and NGC, combined, have certified 108 submissions in the various Mint State grades, including an unknown number of resubmissions. A total of 69 of those are in the two aforementioned grades and only 13 are in higher grades through MS67 (2/17).
This impressive Gem features a bold strike with every detail impressively rendered. The head details, skirt lines, and stars on the obverse are fully defined. All of the eagle's feathers, claws, the shield, and the leaves are crisply detailed. Both sides exhibit satin surfaces with full cartwheel luster beneath splendid toning. The pewter-gray obverse displays splashes of gold and steel-blue, while the reverse has vibrant gold, blue, and violet toning. An extraordinary piece for the advanced specialist. Population: 3 in 65, 5 finer (2/17).

HID02901242017