Coin Specifications

Category: Seated Liberty Dollars (1840-1873)
Mint: Philadelphia
Mintage: 11,540
Catalog: KM-71
Obverse Designer: Christian Gobrecht
Reverse Designer: Christian Gobrecht
Composition: Silver
Fineness: 0.9000
Weight: 26.7300g
ASW: 0.7734oz
Melt Value: $12.07 (12/22/2014)
Diameter: 38.1mm
Edge: Reeded
Numismatic specification data provided by Krause Publications NumisMaster.
Link to this coin

1862 S$1 MS obverse 1862 S$1 MS reverse


  
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There are no varieties for this coin.

Description & Analysis

Beginning collectors and specialists alike will find it interesting to note that the 1862 is more easily obtainable in circulated grades than the 1861, this despite the fact that the former issue was produced to the extent of just 11,540 coins. As in 1861, the federal government apparently held a limited number of Silver Dollars stateside in 1862. This is not to suggest that the 1862 Seated Dollar entered domestic circulation at the time of issue. On the contrary, the Silver Dollar was worth $1.04 in gold by 1862, and any coins located by bullion dealers would undoubtedly have been melted. Furthermore, northern banks suspended gold specie payments in December 1861, and by mid-1862 Confederate victories and the uncertain outcome of the war had driven all silver coins from circulation. It is likely, therefore, that many 1862 Silver Dollars were exported, virtually all of which were melted. Other coins were probably released into domestic circulation in the late 1870s, when Silver Dollars were once again worth more as circulating currency than as bullion.

Although scarce, the 1862 is not rare in circulated grades, and collectors can usually obtain a decent representative with a little bit of patience. In Mint State, the 1862 is rare, especially in grades at or above the MS64 level of preservation.

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.

1862 S$1 MS
  GVGFVF4045505355586061626364656667686970
Base $ 575 725 950 1400 2700 2700 3250 3500 4050 4400 4800 5050 6700 10750 16500 72500 - - - - -
$ 3000 3450 3850 4250 4750 5000 6000 7750 12000 35000 - - - -
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Census

 
NGC GRADE SUMMARY

Total Graded: 86
Low Grade: G
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
12/27/1999 NGC MS 64   Teletrade Auction 1252, 1252/Lot# 1696 $8,268.00
2/20/2005 PCGS MS 63   Goldberg February 20-23, 2005 Pre-Long Beach Coin Auction, 28/Lot# 1716 $7,187.50
10/10/2005 NGC MS 64   David Lawrence Rare Coins Internet-Only Auction #57, 62/Lot# 812 $9,062.00
10/13/2011 PCGS MS 64   Heritage Auctions 2011 October 13-16 US Coins Signature Auction #1160- Pittsburgh Session(1), 1160/Lot# 3868 $12,650.00
4/6/2014 PCGS Genuine UNC   GreatCollections GreatCollections Coin Auctions 04/06/2014, 175/Lot# 184557 $2,480.50
8/5/2014 PCGS AU 53   Heritage Auctions 2014 August 5, 7 & 9 ANA US Coins Signature Auction - Chicago Session(3), 1208/Lot# 4655 $3,525.00
10/8/2014 NGC VF 30   Heritage Auctions 2014 October 8 - 13 PNG New York Invitational US Coins Signature Auction - New York Session(2), 1210/Lot# 3675 $1,880.00


NGC Registry

NGC Registry Score 1862 S$1 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base367490811381271139316341843205221792355246426852960336550157960900711754220723309650300
2267529841182131114731703191220942237239125372776309539155996830999221519325746388300
000000170319122094223723912537277630953915599683099922151932574600
0000001773198221362296242726112868323044656978865810838186322942100
Registry Image Gallery
Grade: MS 63
Points: 3365
Owner: Tweed Collection
 
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