Coin Specifications

Category: Seated Liberty Dimes (1837-1891)
Mint: Philadelphia
Mintage: 4,470,000
Catalog: KM-77
Obverse Designer: Robert B. Hughes
Reverse Designer: Christian Gobrecht
Composition: Silver
Fineness: 0.9000
Weight: 2.49 Grams
ASW: 0.0720oz
Melt Value: $1.15 (10/6/2015)
Diameter: 17.9mm
Edge: Reeded
Numismatic specification data provided by Krause Publications NumisMaster.
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1854 ARROWS 10C MS obverse 1854 ARROWS 10C MS reverse

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Description & Analysis

The massive output of dimes from the Philadelphia Mint in 1853 went a long way toward replacing the decades of dime production at the earlier, now obsolete, standard. Though the 4.47 million pieces struck for 1854 was still an enormous mintage for the period, this only serves to show the magnitude of the need for replacement coins.

In order to speed this recoining by encouraging deposits of silver bullion, Mint Director James R. Snowden disregarded a provision of the 1853 law stipulating that fractional silver coins be paid out only in exchange for gold coin. This clause had been included to prevent a redundancy of fractional silver, as these coins had only limited legal tender value and could be refused by banks in excess of their needs. Snowden believed that the earlier shortage was so severe that the problem could be addressed only by sidestepping the law and, for a time, he was correct. He therefore offered to purchase silver bullion at slightly higher than the market price and to pay for it with newly-minted silver coins. By 1857, however, their numbers had become a nuisance, and his policy was rescinded during the following year.

There are no true varieties for the 1854 dime, despite the many dies required for such a large mintage. Only various die state anomalies are found, and the most appealing of these is F-104a with its shattered obverse.


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Price Guide

Last Updated: 9/10/2015

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

1854 ARROWS 10C MS
Base $ 16.00 18.00 22.00 32.00 65.00 165 185 220 280 390 485 660 1085 2100 4500 13250 - - -
$ 80.00 - 205 235 310 425 525 725 1265 2500 5500 - -

The World Coin Price Guide is independently compiled by Krause Publications’ NumisMaster. NGC makes this information available to its website visitors as a free service, but in no way does the information provided represent NGC’s official opinion or policy. For example, varieties listed in the World Coin Price Guide may not necessarily be recognized by NGC. Please contact NGC Customer Service with any questions.

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Total Graded: 244
Low Grade: G
Average Grade: 61
High Grade: 68

Upcoming Auctions

Auction Prices Realized

A random selection of coins is shown below.

Auction House
Sale / Lot
1/25/2004 PCGS MS 62   Goldberg January 25-28, 2004 Pre-Long Beach Coin and Currency Auction, 23/Lot# 1871 $448.50
6/27/2005 NGC MS 62   David Lawrence Rare Coins Auction 43: The Cook Family Collection, 47/Lot# 585 $270.25
12/12/2011 NGC MS 64   Teletrade Auction 3188, 3188/Lot# 1802 $550.00
4/24/2013 PCGS AU 58   Heritage Auctions 2013 April 24 - 28 CSNS US Coin Signature Auction - Chicago Session(8), 1184/Lot# 7829 $305.50
8/4/2013 PCGS XF 45   Heritage Auctions Internet Coin Auction Session(2), 131333/Lot# 28924 $88.00
12/5/2013 NGC MS 63   Heritage Auctions 2013 December 5 - 8 US Coins Signature Auction - Houston Session(5), 1192/Lot# 7512 $558.13
8/8/2014 NGC XF 45   Stack's Bowers iAuction 3494, 6045/Lot# 21175 $32.90

NGC Registry

NGC Registry Score 1854 ARROWS 10C MS
Registry Image Gallery
Grade: MS 64
Points: 1558
Owner: yosi
Grade: MS 62
Points: 1117
Owner: pulver set
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