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: $1.21 (6/2/2015)
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 By 1857, however, their numbers had become a nuisance, and his policy was rescinded during the following year.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.

GRADE SUMMARY

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Price Guide

Last Updated: 3/10/2015

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

1854 ARROWS 10C MS
  GVGFVFXF5053555861626364656667686970
Base $ 16.00 18.00 22.00 32.00 65.00 165 185 220 280 390 485 640 1050 2100 4700 15500 - - -
$ 80.00 175 205 235 310 425 525 710 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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Census

 
NGC GRADE SUMMARY

Total Graded: 239
Low Grade: G
Average Grade: 61
High Grade: 68


Upcoming Auctions

A random selection of NGC coins is shown below.

Images
Date
Grade
Auction House
Sale / Lot
6/7/2015 MS 67   Heritage Auctions 2015 June 4 - 7 Long Beach Expo US Coins Signature Auction - Long Beach Session(2), 1221/Lot# 3858


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
1/29/2001 PCGS AU 50   Teletrade Auction 1401, 1401/Lot# 1186 $119.90
1/25/2004 PCGS MS 62   Goldberg January 25-28, 2004 Pre-Long Beach Coin and Currency Auction, 23/Lot# 1871 $448.50
2/11/2007 PCGS MS 65   Heritage Auctions Sunday Internet Coin Auction #67023, 67023/Lot# 24209 $2,012.50
4/27/2011 NGC MS 64   Heritage Auctions 2011 April Rosemont CSNS Signature & Platinum Night US Coin Auction Session(6), 1154/Lot# 10095 $747.50
5/5/2013 PCGS MS 92   David Lawrence Rare Coins Internet Auction # 750, 759/Lot# 121 $160.00
11/15/2013 NGC AU 55   Heritage Auctions 2013 November 15 - 16 Selections from the Eric P. Newman Collection, Part II Signature Auction - New York Session(4), 1190/Lot# 34239 $258.50
9/4/2014 NGC MS 65   Heritage Auctions 2014 September 4 - 6 Long Beach Expo US Coins Signature Auction - Long Beach Session(2), 1209/Lot# 3933 $1,410.00
2/5/2015 NGC MS 65   Stack's Bowers 2015 Americana Auction, 6070/Lot# 1420 $1,292.50


NGC Registry

NGC Registry Score 1854 ARROWS 10C MS
 PrAgGVGFVF4045505355586061626364656667686970
Base59637289131255304539586663783874974111713211753252537125836617367418753
6066781031722713825556127038139071022118514652010292144205948636274120
0000003825556127038139071022118514652010292144205948636200
0000004615706377438449411069125316092268331651286061655200
Registry Image Gallery
Grade: MS 64
Points: 1558
Owner: yosi
 
Grade: MS 62
Points: 1117
Owner: pulver set
 
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