Coin Specifications

Category: Seated Liberty Dollars (1840-1873)
Mint: Philadelphia
Mintage: 61,005
Obverse Designer: Christian Gobrecht
Reverse Designer: Christian Gobrecht
Composition: Silver
Fineness: 0.9000
Weight: 26.7300g
ASW: 0.7734oz
Melt Value: $21.45 (5/17/2021)
Diameter: 38.1mm
Edge: Reeded
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1840 $1 MS obverse 1840 $1 MS reverse
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Description & Analysis

This first year of issue was coined in modest quantity, just 61,000 examples being struck for general circulation, along with five additional pieces reserved for the Assay Commission. Such a small mintage could have been produced in a single day with a single pair of dies, yet no fewer than four die marriages are known for this emission! Each represents single pairings of obverse and reverse dies with no intermingling. It's thus obvious that coinage was effected in a series of small press runs using different die pairs each time.

This date has a higher survival rate than is normal for such a small mintage, suggesting that examples were saved as souvenirs of the new type. This is reinforced by the number of Mint State survivors, a few of them being choice, though none have been certified as gems (MS 65 or higher). Due to the use of fresh dies with each press run, Mint State specimens tend to be semi-prooflike, the dies not having time to lose their initial polish.

There are differing rarity ratings for each of the four die marriages, with OC-1 being the first coined and the most common, while OC-4 is the last made and also the scarcest. OC-3 and OC-4 both utilized dies that had been used previously for proof strikings.

GRADE SUMMARY

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Price Guide

Last Updated: 1/15/2020

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

1840 $1 MS
  GVGFVFXF505355586061626364656667686970
Base $ 335 400 475 750 1050 1350 1500 1900 3200 4400 6250 9500 14000 42500 - - - - - -
$ - - - - 3950 - - 11750 26000 - - - - -

NGC Price and Value Guides Disclaimer

Disclaimer: The prices listed in the various NGC Price and Value Guides are compiled from a number of independent, third party sources in the numismatic community which NGC believes to be reliable. Prices provided are averages, not specific prices for individual coins. Further, because these prices are only updated from time to time, they do not reflect short term pricing trends, which are quite common and are often quite dramatic, given the volatile nature of the collectible coin marketplace. This is especially true for rare coins, where there are fewer sales and greater variations in sale prices. For all of these reasons, the prices in these guides are designed to serve merely as one of many measures and factors that coin buyers and sellers can use in determining coin values. These prices are not intended, and should not be relied upon, to replace the due diligence and — when appropriate — expert consultation that coin buyers and sellers should undertake when entering into a coin transaction. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Guides. By using the NGC Guides, the user agrees that neither NGC nor any of its affiliates, shareholders, officers, employees or agents shall have any liability for any loss or damage of any kind, including without limitation any loss arising from reliance on the information contained in the Guides.

Census

 
NGC GRADE SUMMARY

Total Graded: 302
Low Grade: G
Average Grade: 50
High Grade: 64

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.
NGC CENSUS DETAIL Last Updated: 5/11/2021 1840 $1 MS
 PrAgGVGFVF4045505355586061626364656667686970Total
Base-536372339192839475142871------301
--------------1-------1
-----------------------
-----------------------
Total-536372339192839475142881------302
 -2%1%2%12%8%13%6%9%13%16%2%5%9%3%0%------ 
1840 $1 MS PL
 PrAgGVGFVF4045505355586061626364656667686970Total
Base----------1-----------1
-----------------------
-----------------------
-----------------------
Total----------1-----------1
 ----------100%----------- 

NGC Registry

NGC Registry Score 1840 $1 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base7768029251005117316091707210624332781298534863952536770149918119701254213134137461476718298
78584395210611318164218402215254928493152364144245916798210602121611273913338140861594419213
000000184022152549284931523641442459167982106021216112739133381408600
000000197323242665291733193797489564658950112861235112937135421442700
Registry Image Gallery
Grade: MS 63
Points: 7014
Owner: mr cool
 
Grade: MS 62
Points: 5367
Owner: ddr70
 
View the Registry Image Gallery

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NGC Auction Central Disclaimer

NGC Auction Central Disclaimer

Disclaimer: The auction prices realized listed in the NGC Auction Central are compiled from a number of independent, third party sources in the numismatic community which NGC believes to be reliable. The auction data listed by NGC may occasionally contain typographical or input errors that can result in incorrect prices realized appearing on the NGC website. Therefore, the prices realized listed in NGC Auction Central are designed to serve merely as one of many measures and facts that coin buyers and sellers can use in determining coin values. These prices are not intended, and should not be relied upon, to replace the due diligence and – when appropriate – expert consultation that coin buyers and sellers should undertake when entering into a coin transaction. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Auction Central. By using the NGC Auction Central, the user agrees that neither NGC nor any of its affiliates, shareholders, officers, employees or agents shall have any liability for any loss or damage of any kind, including without limitation any loss arising from reliance on the information contained in the NGC Auction Central.