Coin Specifications

Category: Seated Liberty Dollars (1840-1873)
Mint: San Francisco
Mintage: 20,000
Catalog: KM-71
Obverse Designer: Christian Gobrecht
Reverse Designer: Christian Gobrecht
Composition: Silver
Fineness: 0.9000
Weight: 26.7300g
ASW: 0.7734oz
Melt Value: $12.19 (7/6/2015)
Diameter: 38.1mm
Edge: Reeded
Numismatic specification data provided by Krause Publications NumisMaster.
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1859 S S$1 MS obverse 1859 S S$1 MS reverse


  
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Description & Analysis

The 1859-S has long enjoyed a place of honor in the annals of Silver Dollar coinage. The first issue of this denomination produced at the San Francisco Mint, the '59-S is also a low mintage date that is scarce, if not rare, in all grades. The reason for Seated Dollar coinage at San Francisco is not known with certainty. Bowers suggests that the proximity of California to the Orient made the San Francisco Mint an attractive facility to bullion depositors and merchants on the West Coast. Indeed, virtually the entire mintage of 1859-S Seated Dollars is believed to have been exported at the time of issue, melting overseas claiming most of these coins. However, the San Francisco Mint did not produce any more Seated Dollars until 1870, when an unknown, but presumably limited number of coins emerged from the presses. A further 9,000 S-mint coins were delivered in 1872, followed by a mere 700 examples in 1873. It seems likely that Chinese merchants no longer accepted U.S. Silver Dollars on par with their Mexican counterparts, and, by the second year of the Civil War, the United States' export of silver had begun to move away from the Orient and toward Latin America. When the federal government authorized the heavier Trade Dollar in 1873, U.S. merchants could once again compete aggressively on the Oriental market, and the San Francisco Mint became the primary producer of that new denomination.

Few 1859-S Seated Dollars were set aside at the time of production, and those Mint State coins that did survive probably did so purely by chance.

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: 7/30/2014

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1859 S S$1 MS
  GVGFVFXF5053555861626364656667686970
Base $ 385 525 740 1375 2250 3650 4400 5250 8150 12000 15000 34000 - 140000 - - - - -
$ 2500 4000 4800 5750 8850 - - - 70000 - - - -

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: 140
Low Grade: PrAg
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
4/6/2006 PCGS AU 53   Heritage Auctions 2006 April Atlanta, GA (ANA) Signature Auction #402, 402/Lot# 855 $3,220.00
9/12/2010 PCGS Genuine Genuine   Teletrade Auction 2923, 2923/Lot# 1882 $287.50
1/19/2012 NGC AU 50   David Lawrence Rare Coins Thursday - Internet Auction # 655, 662/Lot# 7047 $2,599.00
9/2/2012 NGC Details XF Details  Goldberg September 2-5, 2012 The September 2-5, 2012, 70/Lot# 1420 $949.00
3/17/2013 PCGS XF 45   GreatCollections GreatCollections Coin Auctions 03/17/2013, 66/Lot# 104644 $1,899.70
4/24/2013 PCGS XF 40   Heritage Auctions 2013 April 24 - 28 CSNS US Coin Signature Auction - Chicago Session(2), 1184/Lot# 2412 $2,351.18
7/7/2013 PCGS Genuine VF   GreatCollections GreatCollections Coin Auctions 07/07/2013, 82/Lot# 121911 $459.80
6/3/2014 PCGS   Stack's Bowers June 2014 Baltimore, 6021/Lot# 4129 $734.38


NGC Registry

NGC Registry Score 1859 S S$1 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base935966117314382029261427543303360139024731536755636089833812902136061423414884155551667320526
945103512611635222426612937340237014178494354325738683998591313713815144511510815928179570
000000293734023701417849435432573868399859131371381514451151081592800
0000003120350238024455515554985914758811381133711402514667153311630000
Registry Image Gallery
Grade: MS 63
Points: 8338
Owner: mr cool
 
Grade: MS 61
Points: 5563
Owner: G & R coins
 
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