1863 Seated Liberty Dollar NGC Fine RARE Civil War Date L@@K


1863 Seated Liberty Dollar NGC Fine RARE Civil War Date L@@K

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1863 Seated Liberty Dollar NGC Fine RARE Civil War Date L@@K:
$1300.00


Please take a look at all the pics. Forgot to get the internet pics option from NGC when I sent it in so I wishmy camera wasa little better... There is slightrim damage down at8 o\'clock on the obverse. Also a little on reverse at9 o\'clock. The L and TY are visible on the shield if you look closely.It is avery attractive and RARE civil war coin that I\'ve enjoyed forawhile but times are a changin. Let me know if you have any questions. Thanks for looking and here\'s a history lesson from ol Mr. Bowers....

Q. David Bowers: The following narrative, with minor editing, is from my \"Silver Dollars & Trade Dollars of the United States: A Complete Encyclopedia\" (Wolfeboro, NH: Bowers and Merena Galleries, Inc., 1993). Coinage Context Coins exported: Walter H. Breen states that most Philadelphia Mint silver dollars 1862-1865 were \"exported to Latin American and East Indian ports.\"! It is certain that the Treasury paid none out at face value, for they were worth a premium and, further, specie payments were still in suspension. Such coins would have been available in exchange for bullion deposits, less a handling and coinage charge, and were eventually purchased at a premium by banks, bullion dealers, and others needing them for the export trade. Because most Liberty Seated dollars were struck on private account and paid out to depositors of bullion, the mintage of a given issue would not have returned to a Treasury vault until some years later, if at all. The dispersal of such dollars at later times does not indicate how they were obtained in the first place. Records were not kept of such matters.\" To suggest that most of the mintage of silver dollars remained in Treasury vaults awaiting the resumption of specie payments (which did not take place on a large scale until 1876) would not seem to be correct. Further, if this had been done, then thousands of coins would have circulated domestically after the mid-1870s, and circulation strikes in grades such as VF and EF would be much more available today than they actually are. However, it is possible that the Treasury retained various quantities of certain issues. Apparently, there was no single hard and fast rule that applied to silver dollar distribution during this period. Numismatic Information Circulated grades: Circulated examples of 1863 have much the same story as 1862. Low mintage, export, etc., combined to make this a rare date in all circulation strike grades. The desirability of coins of this era, while long known to numismatists, has been accentuated by the activities and camaraderie among members of the Liberty Seated Collectors Club-which is great, for fellowship is one thing that coin collecting is all about. As a class, circulation strikes (in all grades from well-worn to Mint State) appear in sales far less often than do Proofs. This observation is not completely objective, for by far the largest number of circulated silver dollars that change hands numismatically do so by private sale, not by sale. On the other hand, I believe that a fairly large number of transactions involving Proofs are consummated via sales. Mint State grades: As might be expected from the production figure, Mint State examples of 1863 are rare today. However, enough survive that the patient numismatist can sooner or later acquire a top level example. In the meantime, he will have had the opportunity to consider several Proofs, for as a class these are more frequently encountered. High grade Mint State coins usually have heavy die striae evident, especially on the reverse.


1863 Seated Liberty Dollar NGC Fine RARE Civil War Date L@@K:
$1300.00

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