Coin Specifications

Category: Seated Liberty Dollars (1840-1873)
Mint: Philadelphia
Mintage: 1,300
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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1851 $1 MS obverse 1851 $1 MS reverse
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Description & Analysis

A mere 1300 silver dollars were coined in 1851, aside from the proofs. With the price of gold having declined following the discovery of large deposits in California, the relative value of silver rose to the point where a silver dollar was worth several cents over its face value. Thus, it ceased to be a circulating coin, and the few struck this year were probably kept on hand for paying depositors of bullion at the mint.

Only a single pair of dies was needed for this brief production, and the reverse die was a venerable one that had been used to strike dollars in each of the preceding three years. While a few 1851 silver dollars will display faintly prooflike fields, most are frosty, which is odd given the small mintage. This date typically is well struck in comparison to those of other years, and the dies are faintly clashed on most pieces.

Not surprisingly, this issue is rare in any grade. Most survivors are Mint State or fairly close to it, due to their inability to circulate at face value. A couple of gems are known, along with several choice examples.

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.

1851 $1 MS
  GVGFVFXF505355586061626364656667686970
Base $ - - - - - - - 34000 36500 39000 40000 47500 52500 75000 150000 - - - - -
$ - - - - - - - - 65000 - - - - -

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: 25
Low Grade: 55
Average Grade: 61
High Grade: 65

The chart showing 55 series, 58 series, 60 series, 61 series, 62 series, 63 series, 64 series, 65 series.
NGC CENSUS DETAIL Last Updated: 5/11/2021 1851 $1 MS
 PrAgGVGFVF4045505355586061626364656667686970Total
Base---------26223811-----25
-----------------------
-------------11-------2
-----------------------
Total---------26224911-----27
 ---------7%22%7%7%15%33%4%4%----- 

NGC Registry

NGC Registry Score 1851 $1 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base389439844630546664737374770477567859820087689307958899181057111197136061423414884155551667320526
3924419949095802677374847721779079738389894894019698101361078012000138151445115108159281795721552
00000077217790797383898948940196981013610780120001381514451151081592800
00000077397825808685799127949498081035310988128031402514667153311630000
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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.