Coin Specifications

Category: Seated Liberty Dollars (1840-1873)
Mint: New Orleans
Mintage: 59,000
Obverse Designer: Christian Gobrecht
Reverse Designer: Christian Gobrecht
Composition: Silver
Fineness: 0.9000
Weight: 26.7300g
ASW: 0.7734oz
Melt Value: $13.50 (10/13/2019)
Diameter: 38.1mm
Edge: Reeded
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1846 O $1 MS obverse 1846 O $1 MS reverse
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Description & Analysis

The New Orleans Mint opened its doors as a coinage facility in 1838. The impressive building, which is still standing near the city's French Quarter, was designed by William Strickland. The cornerstone was laid in September 1835, and the first coins, Seated Half Dimes and Dimes, rolled off the presses in 1838. The Mint's initial delivery of business strike Reeded Edge Half Dollar followed in 1839, and the first Seated Quarters emerged from the presses in 1840. Production of Silver Dollars in the Crescent City, however, would have to wait until 1846, when the New Orleans Mint delivered 59,000 coins. Some numismatists believe that the P-mint Silver Dollars of the 1840s may have been widely exported. Regardless of whether or not this is true, it seems likely that the '46-O delivery was intended for domestic circulation throughout the South. New Orleans was the principal port on the Mississippi River at the time, and many examples were also distributed to other parts of the country via that waterway and its tributaries.

The relative availability of 1846-O Seated Dollars in grades below XF suggest, first, that most coins remained within the United States, and, second, that this issue saw widespread circulation. Locating an attractive, problem-free XF or AU representative is challenging, and desirable Mint State specimens are virtually unknown.

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: 9/6/2019

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1846 O $1 MS
  GVGFVFXF505355586061626364656667686970
Base $ 320 370 420 750 1050 1650 1750 2200 3175 6250 7000 12200 24850 45500 160000 - - - - -
$ - - - - - - - - 26500 65000 - - - -

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Census

 
NGC GRADE SUMMARY

Total Graded: 190
Low Grade: PrAg
Average Grade: 50
High Grade: 65

The chart showing PrAg series, 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.
NGC CENSUS DETAIL Last Updated: 10/8/2019 1846 O $1 MS
 PrAgGVGFVF4045505355586061626364656667686970Total
Base1556221627192222263681-1-----190
-----------------------
--------------2-------2
-----------------------
Total1556221627192222263683-1-----192
 1 %3 %3 %3 %11 %8 %14 %10 %11 %11 %14 %2 %3 %4 %2 %-1 %----- 

Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
2/20/2005 PCGS MS 62   Goldberg February 20-23, 2005 Pre-Long Beach Coin Auction, 28/Lot# 1676 $12,650.00
4/1/2012 PCGS Genuine Genuine   GreatCollections GreatCollections Coin Auctions 04/01/2012, 16/Lot# 29832 $522.50
5/30/2012 NGC VF 35   Heritage Auctions 2012 May 30- June 3 US Coins Signature Auction- Long Beach Session(5), 1171/Lot# 9470 $632.50
12/30/2012 NGC AU 50   Teletrade Auction 3407, 3407/Lot# 2765 $900.00
12/5/2013 PCGS XF 40   Heritage Auctions 2013 December 5 - 8 US Coins Signature Auction - Houston Session(4), 1192/Lot# 4811 $1,116.25
3/30/2014 PCGS AU 53   David Lawrence Rare Coins Internet Auction # 797, 806/Lot# 139 $2,050.00
5/25/2014 NGC F 12   Stack's Bowers iAuction 3483, 6032/Lot# 22408 $376.00
1/7/2015 NGC MS 60   Heritage Auctions 2015 January 7 - 12 FUN US Coins Signature Auction - Orlando Session(3), 1216/Lot# 5316 $4,230.00
4/4/2017 PCGS AU 55   Heritage Auctions 2017 April 4 - 6 US Coins Signature Auction - Dallas Session(3), 1253/Lot# 16168 $1,527.50


NGC Registry

NGC Registry Score 1846 $1 MS O
 PrAgGVGFVF4045505355586061626364656667686970
Base8028299491051117317531843219724012960346746564817579270779918152521593516641173701858222748
8118699831092136617831961226525873129386347105142622080241169615480161701688417774199710
000000196122652587312938634710514262208024116961548016170168841777400
000000207923332774329842604763546766498971134741570716406171271817800
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