Coin Specifications

Category: Seated Liberty Dimes (1837-1891)
Mint: Philadelphia
Mintage: 4,470,000
Obverse Designer: Christian Gobrecht and Robert B. Hughes
Reverse Designer: Christian Gobrecht
Composition: Silver
Fineness: 0.9000
Weight: 2.4900g
ASW: 0.0723oz
Melt Value: $1.34 (2/23/2020)
Diameter: 17.9mm
Edge: Reeded
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1854 ARROWS 10C MS obverse 1854 ARROWS 10C MS reverse
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Description & Analysis

The massive output of dimes from the Philadelphia Mint in 1853 went a long way toward replacing the decades of dime production at the earlier, now obsolete, standard. Though the 4.47 million pieces struck for 1854 was still an enormous mintage for the period, this only serves to show the magnitude of the need for replacement coins.

In order to speed this recoining by encouraging deposits of silver bullion, Mint Director James R. Snowden disregarded a provision of the 1853 law stipulating that fractional silver coins be paid out only in exchange for gold coin. This clause had been included to prevent a redundancy of fractional silver, as these coins had only limited legal tender value and could be refused by banks in excess of their needs. Snowden believed that the earlier shortage was so severe that the problem could be addressed only by sidestepping the law and, for a time, he was correct. He therefore offered to purchase silver bullion at slightly higher than the market price and to pay for it with newly-minted silver coins. By 1857, however, their numbers had become a nuisance, and his policy was rescinded during the following year.

There are no true varieties for the 1854 dime, despite the many dies required for such a large mintage. Only various die state anomalies are found, and the most appealing of these is F-104a with its shattered obverse.

GRADE SUMMARY

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Price Guide

Last Updated: 8/30/2019

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

1854 ARROWS 10C MS
  GVGFVFXF505355586061626364656667686970
Base $ 16.50 21.00 35.00 65.00 110 175 195 215 280 325 360 415 620 845 1600 3300 12500 21800 - -
$ - - - - - - - - - 1250 - 4500 - -

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Census

 
NGC GRADE SUMMARY

Total Graded: 262
Low Grade: G
Average Grade: 60
High Grade: 68

The chart showing G series, VG series, F series, VF series, 40 series, 45 series, 50 series, 53 series, 55 series, 58 series, 60 series, 61 series, 62 series, 63 series, 64 series, 65 series, 66 series, 67 series, 68 series.
NGC CENSUS DETAIL Last Updated: 2/18/2020 1854 ARROWS 10C MS
 PrAgGVGFVF4045505355586061626364656667686970Total
Base-41210914-82044-11232848201271--262
-----------------------
---------------1--1---2
-----------------------
Total-41210914-82044-11232849201281--264
 -2%0%1%4%3%5%-3%8%17%-4%9%11%19%8%5%3%0%-- 

NGC Registry

NGC Registry Score 1854 ARROWS 10C MS
 PrAgGVGFVF4045505355586061626364656667686970
Base416785143255395463563609653783865925101312961552219731495656705276788753
5073104180302418496578624696810885954110713811767251439856121726180360
000000496578624696810885954110713811767251439856121726100
000000530594638740838905984120214671982283248206587746900
Registry Image Gallery
Grade: MS 62
Points: 1013
Owner: pulver set
 
Grade: F 15
Points: 143
Owner: Ed B
 
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