Ultra rare
A coin or other numismatic item that is represented by only a few examples.
Uncirculated ...
From the ultra rare 1893-S that routinely auctions for more than $2100. To more than a dozen dates and mintmarks worth a minimum close to $100 or greater. Morgan silver dollar values are definitely on the rise.
Similar to the 1864 and easily compared to it, the 1865 is ultra rare in Proof format, but is also a key issue in circulation strike form-with worn pieces appearing on the market infrequently. Thus, from beginning to end this is a key date.
 See also: Dollar, Gold, PCGS, Coin, Grade
  
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