Coin Specifications

Category: Seated Liberty Dollars (1840-1873)
Mint: Philadelphia
Mintage: 77,500
Catalog: KM-71
Obverse Designer: Christian Gobrecht
Reverse Designer: Christian Gobrecht
Composition: Silver
Fineness: 0.9000
Weight: 26.7300g
ASW: 0.7734oz
Melt Value: $12.37 (12/19/2014)
Diameter: 38.1mm
Edge: Reeded
Numismatic specification data provided by Krause Publications NumisMaster.
Link to this coin

1861 S$1 MS obverse 1861 S$1 MS reverse


  
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There are no varieties for this coin.

Description & Analysis

The 1861 Seated Liberty dollar claims a nominal mintage of 77,500 pieces, but the date is quite challenging for present-day collectors. The 1861 was the first issue of the Civil War era, and distribution patterns changed radically during that period. Until 1861, most silver dollars were used in the China trade, and significant numbers of 1861 dollars undoubtedly found their way to the Orient, as well. However, it seems that most dollars of this date remained in this country, to be melted for bullion used to strike subsidiary coinage. R.W. Julian reports:

'There was very heavy melting of dollars in 1861 for use as bullion in the manufacture of subsidiary silver. In one case there were 40,000 silver dollars melted at Philadelphia. I suspect that a careful investigation of archival material would turn up meltings well in excess of that.'

Whatever the fate of the majority of the 1861 mintage, it is certain that examples in Gem condition are very rare today.

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: 12/8/2014

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

1861 S$1 MS
  GVGFVF4045505355586061626364656667686970
Base $ 675 950 1375 1800 2900 2900 3400 3750 4200 4600 5000 5300 5850 8000 12750 60000 120000 - - - -
$ 3200 3650 4100 4500 4950 5250 5650 6400 9000 16000 70000 - - -
NGC Price and Value Guides Disclaimer

Census

 
NGC GRADE SUMMARY

Total Graded: 71
Low Grade: F
Average Grade: 60
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
1/4/1995 PCGS MS 64   Heritage Auctions 1995 F.U.N. Bullet Sale #128, 128/Lot# 297 $4,620.00
9/11/2008 NGC MS 64   David Lawrence Rare Coins Thursday - Internet Auction # 282, 288/Lot# 5876 $8,337.50
2/1/2009 NGC MS 64   Goldberg February 1-4, 2009 Pre-Long Beach Coin and Currency Auction, 51/Lot# 1121 $8,050.00
8/15/2011 NGC XF 40   Stack's Bowers The August 2011 Chicago ANA World's Fair of Money Auction, 115/Lot# 3065 $1,610.00
10/30/2011 PCGS F 12   Teletrade Auction 3163, 3163/Lot# 2432 $1,100.00
1/9/2013 NGC Details AU Details  Heritage Auctions 2013 January 9-13 US Coin FUN Signature Auction - Orlando Session(2), 1181/Lot# 4568 $1,762.50
3/23/2014 NGC Details AU Details  GreatCollections GreatCollections Coin Auctions 03/23/2014, 178/Lot# 127512 $2,475.00
10/8/2014 NGC VF 20   Heritage Auctions 2014 October 8 - 13 PNG New York Invitational US Coins Signature Auction - New York Session(2), 1210/Lot# 3673 $1,410.00
10/8/2014 PCGS Genuine AU   Heritage Auctions 2014 October 8 - 13 PNG New York Invitational US Coins Signature Auction - New York Session(2), 1210/Lot# 3674 $2,467.50


NGC Registry

NGC Registry Score 1861 S$1 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base3820106611731303145017071928211722332394249526852936334546046545900711754204453036145729
27590211011216135215351780199121552286242725582768307237645251736599221465123750354830
000000178019912155228624272558276830723764525173659922146512375000
0000001854205421942340246126212852320841845898818610838175482705500
Registry Image Gallery
Grade: MS 63
Points: 3345
Owner: Tweed Collection
 
Grade: AU 50
Points: 1928
Owner: MCB1980
 
View the Registry Image Gallery

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