USA Coin Book
Dollar · $1.00
1865-P Seated Liberty Dollar (1840â1873)
FS-801
Key Features
Doubled Die Reverse - repunched U in UNITED [Cross-ref: OC-2]
Intriguing History
By 1865, the Civil War had upended the nation: hard money vanished from circulation as people hoarded gold and silver, the government issued paper greenbacks to fund the war effort, and the phrase "In God We Trust" was added to U.S. coinage in 1864 amid the conflict's darkest years. This Seated Liberty dollar, a large silver coin used more for trade and reserves than everyday change, was struck during exactly this period.