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: $11.32 (8/29/2015)
Diameter: 38.1mm
Edge: Reeded
Numismatic specification data provided by Krause Publications NumisMaster.
Link to this coin

1859 S$1 MS obverse 1859 S$1 MS reverse


  
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VarietyPlus®

There are no NGC varieties for this coin.

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: 7/30/2014

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

1859 S$1 MS
  GVGFVFXF5053555861626364656667686970
Base $ 305 385 455 580 900 1350 1500 1850 2350 3450 4600 7100 16000 77500 - - - - -
$ 1000 1475 1650 2050 2550 3750 5000 7900 25000 - - - -

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: 77
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
2/20/2005 PCGS MS 62   Goldberg February 20-23, 2005 Pre-Long Beach Coin Auction, 28/Lot# 1701 $4,485.00
6/29/2005 PCGS MS 62   Heritage Auctions 2005 June New York, NY Signature Auction #380, 380/Lot# 6236 $4,197.50
6/8/2009 PCGS MS 62   Teletrade Auction 2703, 2703/Lot# 1497 $4,600.00
7/27/2013 PCGS XF 45   Stack's Bowers The August 2013 Chicago ANA World's Fair of Money , 192/Lot# 2408 $998.75
2/27/2014 NGC Details AU Details  Heritage Auctions 2014 February 27 - 28 & March 2 Mid-Winter ANA US Coins Signature Auction - Atlanta Session(5), 1203/Lot# 7840 $528.75
3/9/2014 NGC MS 86   David Lawrence Rare Coins Internet Auction # 794, 803/Lot# 733 $325.00
6/29/2014 NGC Details XF Details  GreatCollections GreatCollections Coin Auctions 06/29/2014, 187/Lot# 131970 $485.00
2/26/2015 PCGS AU 55   Heritage Auctions 2015 February 26 - March 1 PNG Dallas Invitational US Coins Signature Auction - Dallas Session(3), 1218/Lot# 3918 $1,880.00
6/4/2015 NGC MS 61   Heritage Auctions 2015 June 4 - 7 Long Beach Expo US Coins Signature Auction - Long Beach Session(3), 1221/Lot# 4747 $3,290.00


NGC Registry

NGC Registry Score 1859 S$1 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base8028299661073124616091707200921242368267129853216367544586248111721171612278128611383317202
8118751002113113671642180820472205246927763062336939365055788911353119031247213185149560
00000018082047220524692776306233693936505578891135311903124721318500
00000019082086228725702880313935224197565195311153512091126671350900
Registry Image Gallery
Grade: AU 55
Points: 2368
Owner: G & R coins
 
Grade: AU 50
Points: 2009
Owner: Carl Beeson
 
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