SOLD – $1.00 – 1863 PCGS AU58

1863_1_P58.jpg
1863_1_P58.jpg
sold out

SOLD – $1.00 – 1863 PCGS AU58

4,800.00

Serial Number 7562.58/27709113

PCGS Lookup Number 7562

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The 1863 is the rarest gold dollar from Philadelphia in business strike format; rarer even than the heralded low mintage 1875. There were 6,200 pieces made for circulation and most were melted. As a result, survivors tend to come either well worn (VF-EF) or were saved and are in higher grades (MS64 to MS66). In the middle grades, the 1863 is almost never seen.

This lustrous slider shows light yellow gold toning and very little in the way of actual wear. Liberty’s cheek is rounded and free of rub and the overall detail is excellent. There are a few scattered marks seen in the fields but none are deep or detracting.

The last auction record for a PCGS AU58 example of this date is Heritage 4/13: 5429 which sold for $4,113. From its image, that coin appears to be recolored. Only one other PCGS AU58 has been sold at auction since 2007.

Here is an affordable example of a truly rare Civil War issue which is still, in my opinion, very undervalued when compared to branch mint issues of this denomination.