The Civil War commenced in 1861, and as a result of this and the specie redemption act, all silver and gold were hoarded. The Philadelphia issues of these years were all widely hoarded and are easily acquired in Mint State. In the western states and territories, the influence was rather small, and the output of the San Francisco Mint remained at par. These issues did circulate, and now many San Francisco coins struck in the Civil War are frequently encountered in circulated grades but are scarce to rare in Mint State.

The present offering is a near-miss Mint State coin. Only the slightest luster breaks are seen on the highest points, either from short circulation or just cabinet friction. Very lustrous with original light orange gold color. The reverse is especially nice, and has the looks of much higher quality. This is a premium quality piece at a fraction of the cost of an uncirculated example.