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: $1.23 (9/25/2017)
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 By 1857, however, their numbers had become a nuisance, and his policy was rescinded during the following year.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: 9/22/2016

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1854 ARROWS 10C MS
  GVGFVFXF505355586061626364656667686970
Base $ 16.00 18.00 25.00 40.00 80.00 190 210 240 300 340 400 500 665 1075 2200 4250 12500 - - -
$ - - - - - - - - - 1250 - 4800 - -

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Census

 
NGC GRADE SUMMARY

Total Graded: 261
Low Grade: G
Average Grade: 60
High Grade: 68


Upcoming Auctions


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
1/25/2004 PCGS MS 62   Goldberg January 25-28, 2004 Pre-Long Beach Coin and Currency Auction, 23/Lot# 1871 $448.50
8/2/2012 PCGS MS 63   Heritage Auctions 2012 August 2-5 US Coins Signature Auction- Philadelphia Session(5), 1173/Lot# 7794 $470.00
2/18/2013 PCGS MS 63   Teletrade Auction 3418, 3418/Lot# 1928 $525.00
5/5/2013 PCGS MS 92   David Lawrence Rare Coins Internet Auction # 750, 759/Lot# 121 $160.00
8/8/2013 NGC MS 64   Heritage Auctions 2013 August 8 - 10 US Coins Signature Auction - Rosemont Session(6), 1188/Lot# 7501 $763.75
8/8/2014 NGC XF 45   Stack's Bowers iAuction 3494, 6045/Lot# 21175 $32.90
11/6/2014 PCGS MS 65   Heritage Auctions 2014 November 6 - 10 US Coins Signature Auction - Beverly Hills Session(1), 1211/Lot# 3333 $1,292.50


NGC Registry

NGC Registry Score 1854 ARROWS 10C MS
 PrAgGVGFVF4045505355586061626364656667686970
Base59637289131255304539586663783874974111713211753252537125836617367418753
6066781031722713825556127038139071022118514652010292144205948636274120
0000003825556127038139071022118514652010292144205948636200
0000004615706377438449411069125316092268331651286061655200
Registry Image Gallery
Grade: MS 62
Points: 1117
Owner: pulver set
 
Grade: F 15
Points: 89
Owner: Ed B
 
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