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: $12.51 (5/3/2015)
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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VarietyPlus®

There are no NGC 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
  GVGFVFXF5053555861626364656667686970
Base $ 575 725 950 1400 2700 3250 3500 4050 4400 5050 6700 10750 16500 72500 - - - - -
$ 3000 3450 3850 4250 4750 6000 7750 12000 35000 - - - -

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: 85
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
1/25/2004 PCGS MS 64   Goldberg January 25-28, 2004 Pre-Long Beach Coin and Currency Auction, 23/Lot# 2561 $9,200.00
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
6/26/2008 NGC MS 64   Heritage Auctions 2008 June West Palm Beach, FL (Summer FUN) Signature Coin Auction #1110, 1110/Lot# 1233 $8,625.00
8/2/2012 NGC AU 50   Heritage Auctions 2012 August 2-5 US Coins Signature Auction- Philadelphia Session(1), 1173/Lot# 3530 $2,820.00
4/6/2014 PCGS Genuine UNC   GreatCollections GreatCollections Coin Auctions 04/06/2014, 175/Lot# 184557 $2,480.50
4/22/2015 NGC Details AU Details  Heritage Auctions 2015 April 22 - 26 CSNS US Coins Signature Auction - Chicago Session(3), 1219/Lot# 4837 $1,880.00


NGC Registry

NGC Registry Score 1862 S$1 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base1201123914211658204827272860308031493281344738173902434753166007109191145412007125801353716854
121413001500178822742771293331033193333635703845405046705546764411097116381219812899146430
00000029333103319333363570384540504670554676441109711638121981289900
00000030073126323733923694387441994993577792821127611823123891321800
Registry Image Gallery
Grade: MS 63
Points: 5316
Owner: Tweed Collection
 
View the Registry Image Gallery

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