1862 Liberty Seated Silver Dollar. OC-1. Rarity-3. AU-55 (PCGS).

1862 Liberty Seated Silver Dollar. OC-1. Rarity-3. AU-55 (PCGS). Iridescent golden-copper toning adorns both sides and deepens at the peripheries. Much frosty luster is retained, and the devices are sharply to fully defined in most areas. The 1862 is one of the rarest circulation strike silver dollar issues of the Civil War era, vying with the 1861 and 1863, all three of which have extant populations of only several hundred coins. Most were exported to China (and melted) or Latin America (some of these returned to the United States in later years). Contrary to what is sometime reported in cataloging, dollars were not included in the huge quantities of silver coins sold at a premium in New York City when hoarding commenced early in the Civil War, as none had been in domestic circulation in the East or Midwest for more than a decade. This hoarding concerned only subsidiary silver, which was then sent to Canada in such quantity that it sparked what one contemporary writer described as the "American silver nuisance." Provenance: From a Collection of American Silver Classics. PCGS# 6952. NGC ID: 24Z5. Click here for certification details from PCGS.

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