Coin Specifications

Category: Seated Liberty Dollars (1840-1873)
Mint: Philadelphia
Mintage: 63,500
Obverse Designer: Christian Gobrecht
Reverse Designer: Christian Gobrecht
Composition: Silver
Fineness: 0.9000
Weight: 26.7300g
ASW: 0.7734oz
Melt Value: $19.60 (3/8/2021)
Diameter: 38.1mm
Edge: Reeded
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1856 $1 MS obverse 1856 $1 MS reverse
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Description & Analysis

Though this date had the highest mintage since 1847, 1856 silver dollars are by no means common. The attrition rate must have been very high, as just a few hundred survivors are known across all grades. Most are lightly to moderately worn, with examples at the lower and higher ends of the grading scale being unknown. Choice Mint State pieces are extremely rare, with gems unknown. On the plus side, 1856 dollars tend to be well struck overall, with just weakness found on the eagle's leg feathers for some examples. A few are semi-prooflike, but frosty luster is more typical of the date.

Just a single pair of dies was used for this issue. The obverse die features a previous punching of numeral 6 tilted about 45 degrees from normal, and this has been inaccurately attributed as an overdate in the past. The repunched date is not clearly seen in later die states, and some collectors may pay a premium for coins that have this feature sharp. The reverse die is likewise unique to this year. In rare instances it may be found intact, but most examples display a number of die cracks.


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.

1856 $1 MS
  GVGFVFXF505355586061626364656667686970
Base $ 575 1000 1450 2150 2550 3500 3850 4200 5300 5700 6000 7250 12000 20000 - - - - - -
$ - - - - - - 6350 - - - - - - -

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: 52
Low Grade: F
Average Grade: 53
High Grade: 64

The chart showing 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: 3/2/2021 1856 $1 MS
 PrAgGVGFVF4045505355586061626364656667686970Total
Base---2232106673-542------52
-----------------------
------------1---------1
-----------------------
Total---22321066731542------53
 ---4%4%6%4%19%11%11%13%6%2%9%8%4%------ 

NGC Registry

NGC Registry Score 1856 $1 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base988102111241290173024332555288530803506365738524016449957027198116201218012759133581435817818
999105511791437196424742665295032223556372239074177490062018672118071237312959136911551118709
00000026652950322235563722390741774900620186721180712373129591369100
000000277530153364360737873961433853016699101461199312566131581402500
Registry Image Gallery
Grade: AU Details
Points: 1443
Owner: 123cents
 
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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.