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: $11.49 (4/23/2019)
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: 4/23/2019

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

1846 O $1 MS
  GVGFVFXF505355586061626364656667686970
Base $ 345 385 435 650 1020 1650 2050 2700 3950 6250 7500 12250 23500 45500 160000 - - - - -
$ - - - - - - - - 26500 75000 - - - -

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Census

 
NGC GRADE SUMMARY

Total Graded: 187
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: 4/23/2019 1846 O $1 MS
 PrAgGVGFVF4045505355586061626364656667686970Total
Base1456221627182121263691-1-----187
-----------------------
--------------2-------2
-----------------------
Total1456221627182121263693-1-----189
 1 %2 %3 %3 %12 %8 %14 %10 %11 %11 %14 %2 %3 %5 %2 %-1 %----- 

Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
5/12/2003 PCGS VG 8   Teletrade Auction 1723, 1723/Lot# 1605 $231.00
2/10/2008 NCS XF 40   Goldberg February 10-13, 2008 Pre-Long Beach Coin and Currency Auction, 44/Lot# 408 $345.00
9/6/2012 PCGS F 15   Heritage Auctions 2012 September 6-9 US Coins Signature Auction- Long Beach Session(4), 1174/Lot# 8823 $412.43
11/17/2013 NGC Details XF Details  GreatCollections GreatCollections Coin Auctions 11/17/2013, 101/Lot# 127510 $522.50
3/30/2014 PCGS AU 53   David Lawrence Rare Coins Internet Auction # 797, 806/Lot# 139 $2,050.00
6/28/2015 PCGS   Stack's Bowers iAuction 3533, 6112/Lot# 20589 $528.75
4/4/2017 PCGS AU 50   Heritage Auctions 2017 April 4 - 6 US Coins Signature Auction - Dallas Session(5), 1253/Lot# 17906 $998.75


NGC Registry

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