Coin Specifications

Category: Seated Liberty Dollars (1840-1873)
Mint: Philadelphia
Mintage: 255,700
Catalog: KM-71
Obverse Designer: Christian Gobrecht
Reverse Designer: Christian Gobrecht
Composition: Silver
Fineness: 0.9000
Weight: 26.7300g
ASW: 0.7734oz
Melt Value: $15.96 (7/29/2014)
Diameter: 38.1mm
Edge: Reeded
Numismatic specification data provided by Krause Publications NumisMaster.
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1859 S$1 MS obverse 1859 S$1 MS reverse


  
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Description & Analysis

There is controversy among numismatists of the intended use and fate of the 1859 and 1860 Trade dollars. David Bowers and John Willem contend that all of the '59 and '60 silver dollars from the mints involved in their production were made primarily for export to China, where they were melted down and converted into bullion. Robert Julian, however, argues that the heavy coinage of silver dollars in 1859-1860 was more related to the heavy imbalance of silver imports and exports, and to the increased mining of silver beginning in 1859. He states: 'If there had been a real demand for the American silver dollar, there would have been no need for the Spanish or Mexican coin to be sent to the Far East. The minuscule coinage at San Francisco in 1859 (20,000 pieces) (when there were ample supplies of silver to be had...from the Comstock...or California) is a telling point against silver dollars being sent in quantity to the Orient.'

Whatever the case, examples of the high-mintage 1859 dollar (255,700 business strikes) are scarce today in all grades, especially in the better grades of Mint State.

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.

1859 S$1 MS
  GVGFVF4045505355586061626364656667686970
Base $ 305 385 455 580 900 900 1350 1500 1850 2350 2950 3450 4600 7100 14500 77500 - - - - -
$ 1000 1475 1650 2050 2550 3250 3750 5000 7900 17500 84000 - - -
NGC Price and Value Guides Disclaimer

Census

 
NGC GRADE SUMMARY

Total Graded: 76
Low Grade: PrAg
Average Grade: 58
High Grade: 64


Upcoming Auctions


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
10/16/1996 PCGS MS 60   Teletrade Auction 0885, 885/Lot# 1634 $1,134.00
2/20/2005 PCGS MS 62   Goldberg February 20-23, 2005 Pre-Long Beach Coin Auction, 28/Lot# 1701 $4,485.00
5/1/2006 PCGS XF 45   Heritage Auctions 2006 May (CSNS) Online Session #405, 405/Lot# 8210 $868.25
2/7/2013 NGC MS 64   Heritage Auctions 2013 February 7 -8 & 10 US Coin Signature Auction - Long Beach Session(2), 1182/Lot# 3863 $8,812.50
7/27/2013 PCGS XF 45   Stack's Bowers The August 2013 Chicago ANA World's Fair of Money , 192/Lot# 2408 $998.75
8/8/2013 NGC MS 61   Heritage Auctions 2013 August 8 - 10 US Coins Signature Auction - Rosemont Session(2), 1188/Lot# 4221 $3,055.00
1/8/2014 PCGS MS 64   Heritage Auctions 2014 January 8 - 12 FUN US Coin Signature Auction - Orlando Session(2), 1201/Lot# 4905 $11,162.50
3/9/2014 NGC MS 86   David Lawrence Rare Coins Internet Auction # 794, 803/Lot# 733 $325.00
6/29/2014 NGC   GreatCollections GreatCollections Coin Auctions 06/29/2014, 187/Lot# 131970 $485.00


NGC Registry

NGC Registry Score 1859 S$1 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base34775276848299339931051131914721676179920872643334549126820900711754229033538555283
1614935797328639531012114013701540171718952272287738675548754999221547027063420170
000000101211401370154017171895227228773867554875499922154702706300
0000001031122914211608175819912457311143896184827810838191863122400
Registry Image Gallery
Grade: AU 55
Points: 1472
Owner: G & R coins
 
Grade: AU 50
Points: 1051
Owner: Carl Beeson
 
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