1865 Liberty Seated Silver Dollar. OC-2. Rarity-2. MS-63 (PCGS). Iridescent reddish-gold rim toning frames brilliant surfaces on both sides of this satin to modestly semi-reflective example. Sharply, if not fully struck over all design elements with outstanding visual appeal. Like numerous other circulation strike Liberty Seated dollar issues from the 1850s and 1860s, the 1865 is a precursor to the United States Mints trade dollar introduced in 1873. Most examples of this 46,500-piece issues were used in international trade, in this instance with Central and South America as opposed to the Orient. With few examples retained stateside or later repatriated, the 1865 is scarce to rare in all grades, both circulated and Mint State. In the latter category the present offering is undeniably rare from a condition standpoint and is sure to catch the eye of advanced collectors specializing in the challenging Liberty Seated dollar series.