Coin Specifications

Category: Seated Liberty Dollars (1840-1873)
Mint: Philadelphia
Mintage: 27,200
Catalog: KM-71
Obverse Designer: Christian Gobrecht
Reverse Designer: Christian Gobrecht
Composition: Silver
Fineness: 0.9000
Weight: 26.7300g
ASW: 0.7734oz
Melt Value: $15.23 (4/17/2014)
Diameter: 38.1mm
Edge: Reeded
Numismatic specification data provided by Krause Publications NumisMaster.
Link to this coin

1863 S$1 MS obverse 1863 S$1 MS reverse


  
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There are no varieties for this coin.

Description & Analysis

Only 27,200 business-strike Seated Liberty dollars were minted in 1863, along with 460 proof examples. Civil War hoarding caused the government to suspend specie payments, and most of the small mintage was struck on private account for depositors of silver bullion. Banks, bullion dealers, and merchants also purchased coins at a premium, for use in foreign trade. Walter Breen stated most silver dollars of the era were 'exported to Latin American and East Indian ports.' The combination of low mintage and high exportation rate resulted in a minuscule supply of 1863 dollars available for numismatic purposes. The date is scarce in all grades today, and Mint State examples are rare. Q. David Bowers estimates perhaps 275-400 coins survive in circulated grades, with approximately 50-90 specimens extant in Mint State. At the Gem level, Bowers believes only 8-12 pieces are known. We believe those estimates significantly higher than the actual survival rate.

Description and Analysis courtesy of Heritage Auctions and may not be republished without written permission.


GRADE SUMMARY

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Price Guide

Last Updated: 12/16/2013

Click on a price to see historical prices, comparison charts and trends.

1863 S$1 MS
  GVGFVF4045505355586061626364656667686970
Base $ 600 875 1175 1375 1650 1650 2075 2350 2550 3050 3800 4300 5250 6600 17500 75000 105000 130000 - - -
$ 1800 2275 2575 2750 3300 4100 4700 5650 7250 22000 82500 115000 140000 -
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Census

 
NGC GRADE SUMMARY

Total Graded: 79
Low Grade: G
Average Grade: 60
High Grade: 67


Upcoming Auctions


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
10/18/1999 PCGS MS 63   Teletrade Auction 1224, 1224/Lot# 1732 $3,959.00
9/10/2007 NGC MS 64   David Lawrence Rare Coins Monday - Internet Auction # 176, 182/Lot# 773 $11,500.00
9/23/2007 NGC MS 62   Goldberg September 23-26, 2007 Pre-Long Beach Coin and Currency Auction, 42/Lot# 2914 $4,370.00
6/2/2010 PCGS XF 40   Heritage Auctions 2010 June Long Beach, CA Signature US Coin Auction #1140, 1140/Lot# 863 $1,380.00
1/5/2011 PCGS VG 8   Heritage Auctions 2011 January Tampa FUN Signature & Platinum Night US Coin Auction Session(7), 1151/Lot# 11474 $805.00
8/15/2011 NGC MS 60   Stack's Bowers The August 2011 Chicago ANA World's Fair of Money Auction, 115/Lot# 3067 $3,162.50
2/7/2013 NGC MS 64   Heritage Auctions 2013 February 7 -8 & 10 US Coin Signature Auction - Long Beach Session(2), 1182/Lot# 3864 $14,100.00
7/14/2013 PCGS Genuine XF   GreatCollections GreatCollections Coin Auctions 07/14/2013, 83/Lot# 125827 $578.60


NGC Registry

NGC Registry Score 1863 S$1 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base350267474586599012711505178519492169230224952860328150716685900711754226543463253584
16955969778590610831349159818392022221323662616300038775609745999221538726646409490
000000134915981839202222132366261630003877560974599922153872664600
0000001427169118942095225724302738314044746147823310838190203063900
Registry Image Gallery

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