Coin Specifications

Category: Seated Liberty Dollars (1840-1873)
Mint: Carson City
Mintage: 2,300
Catalog: KM-100
Obverse Designer: Christian Gobrecht
Reverse Designer: Christian Gobrecht
Composition: Silver
Fineness: 0.9000
Weight: 26.7300g
ASW: 0.7734oz
Melt Value: $16.20 (7/23/2014)
Diameter: 38.1mm
Edge: Reeded
Numismatic specification data provided by Krause Publications NumisMaster.
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1873 CC S$1 MS obverse 1873 CC S$1 MS reverse


  
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Description & Analysis

The 1873-CC is second only to the 1870-S in overall rarity among regular issue With Motto Seated dollars. Although it does not have the lowest mintage of the Carson City dollars (the 1871-CC has that distinction), the number of survivors is lower than any other CC date. Only 2,300 pieces were struck of the 1873-CC, and it is very likely that the majority were melted, with somewhere between 750 and 1,000 pieces actually released into circulation. The reason for the low mintage was simple: the mints were getting ready to produce the Trade dollar, which was also first minted in 1873. In a letter from Bob Julian to Q. David Bowers in 1992 and quoted from Bowers Silver Dollar Encyclopedia, Julian suggests that 'If the 2,300 were not called for by the silver depositor, it is likely that they would have been melted, and his bullion returned to him. It is my opinion, however, that all the coins were paid out and then perhaps redeposited for trade dollar coinage a few weeks later.' To us, this seems like a somewhat cumbersome process, unless what he means is that local banks were ordered to redeposit Seated dollars for recoinage into the new Trade dollar design. In any case, very few 1873-CC dollars were in the channels of commerce and even fewer are known in AU and Uncirculated grades.

The finest examples known are three Uncirculated pieces that were found in the cornerstone of a building in Carson City that was torn down in 1973. Today the total population for Mint State 1873-CC Seated dollars is eight pieces, but once allowances for resubmissions are taken into account there are probably no more than 3-5 examples actually in existence. In all grades, both of the major services have certified 107 pieces. Again, there are doubtless numerous resubmissions in that total number and the actual number of survivors is probably in the range of 60-70 pieces. When located, the 1873-CC is usually seen no better than VF or XF, with probably no more than 20-24 coins in the various grades of AU.

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

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1873 CC S$1 MS
  GVGFVF4045505355586061626364656667686970
Base $ 8000 11000 16000 25000 34500 34500 57500 60000 69750 79500 108500 125000 157500 200000 - - - - - - -
$ 37500 63500 66000 77500 87500 120000 135000 170000 225000 - - - - -
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Census

 
NGC GRADE SUMMARY

Total Graded: 27
Low Grade: VG
Average Grade: 50
High Grade: 65


Upcoming Auctions


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
6/29/1998 PCGS VF 35   Teletrade Auction 1062, 1062/Lot# 1830 $8,692.00
2/24/2003 PCGS AU 50   Goldberg February 24-25, 2003 Coin Auction, 17/Lot# 723 $23,000.00
2/20/2005 PCGS XF 45   Goldberg February 20-23, 2005 Pre-Long Beach Coin Auction, 28/Lot# 1764 $26,450.00
7/12/2012 NGC Details VF Details  Heritage Auctions 2012 July 12-15 US Coin Summer FUN Signature Auction - Orlando Session(1), 1172/Lot# 3866 $12,075.00
10/17/2012 NGC AU 50   Stack's Bowers The November 2012 Baltimore Auction - US and World Lots - Live and Internet Only Sessions, 144/Lot# 3179 $21,965.00
5/11/2014 PCGS F 12   GreatCollections GreatCollections Coin Auctions 05/11/2014, 179/Lot# 193557 $13,200.00


NGC Registry

NGC Registry Score 1873 CC S$1 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base1886275431263639429053676400719882098768949299181040111147117541275713762236223110041720570101
21752878329738564649571166667535839590099634100791064911349120881309217048261143464046816570100
0000006666753583959009963410079106491134912088130921704826114346404681600
0000006932787285819250977610240108981155112422134272033528607381805191300
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