1865 Liberty Seated Silver Dollar. OC-P1. Rarity-6+. Proof-65 (PCGS). Offered is a truly breathtaking example of the No Motto Liberty Seated dollar type in Proof format. Richly original surfaces are bathed in dominant olive-copper patina through which vivid undertones of cobalt blue, pale pink and champagne-apricot shine as the coin dips into a light. Fully struck, as befits the method of manufacture, with a silky smooth appearance that borders on pristine. Just 500 examples of this Civil War issue were struck, and considerably fewer pieces survive for collectors today. In fact, with the nations attention focused on the end of that conflict, many Proof 1865 silver dollars remained unsold at the time and were later released into commercial channels. Among survivors, those that grade finer than Proof-64 are particularly rare and eagerly sought by advanced collectors.<p>The OC-P1 is a rare and significant variety of the Proof 1865 silver dollar. According to Dick Osburn and Brian Cushing in their 2018 reference <em>Liberty Seated Dollars: A Register of Die Varieties</em>:<p><em>"This is the first of two uses of Obverse P1 and the only use of Reverse PB in 1865. Based on photographic evidence we believe that the 1865 PB reverse was also used to strike the 1866 no motto coins."</em>
