Coin Specifications

Category: Seated Liberty Dollars (1840-1873)
Mint: Philadelphia
Mintage: 217,600
Obverse Designer: Christian Gobrecht
Reverse Designer: Christian Gobrecht
Composition: Silver
Fineness: 0.9000
Weight: 26.7300g
ASW: 0.7734oz
Melt Value: $19.70 (3/8/2021)
Diameter: 38.1mm
Edge: Reeded
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1860 $1 MS obverse 1860 $1 MS reverse
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Description & Analysis

Like the 1859 silver dollar from the Philadelphia Mint, this issue is much more scarce than its mintage suggests. Most appear to have been intended for export to the Far East trade, where silver was the preferred medium of exchange. Why these coins weren't struck at the San Francisco Mint instead, as it was closer to the intended destination, has never been adequately explained. In any case, heavily worn examples are essentially unknown, indicating that very few 1860(P) silver dollars circulated domestically.

This issue has a disproportionately high survival rate in Mint State, further reinforcing the notion that there was no domestic demand for silver dollars at the time. Few of these are gems, but a small handful of truly exceptional survivors are known, and these typically have semi-prooflike fields. Most 1860(P) dollars are well struck overall, with just faint weakness in the usual trouble spots of the stars and Liberty's head.

Four obverse dies were utilized, and these were paired with five reverses in various combinations for a total of seven die marriages. One of these marriages featured dies used also for proofs, and there is a gray area in determining which coins from this marriage are PL currency strikes and which are weakly struck proofs. None of the many dies used possess collectable features, so interest in this date by varieties is extremely limited.

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.

1860 $1 MS
  GVGFVFXF505355586061626364656667686970
Base $ 375 425 635 825 1000 1300 1500 1675 2000 2550 2750 3250 4500 8750 60000 90000 130000 - - -
$ - - - - - - - - - 12000 - - - -

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: 126
Low Grade: PrAg
Average Grade: 58
High Grade: 67

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, 66 series, 67 series.
NGC CENSUS DETAIL Last Updated: 3/2/2021 1860 $1 MS
 PrAgGVGFVF4045505355586061626364656667686970Total
Base1--144888111736920166-1---123
-----------------------
-----------------------
-----------------------
Total1--144888111736920166-1---123
 1%--1%3%3%7%7%7%9%14%2%5%7%16%13%5%-1%--- 
1860 $1 MS PL
 PrAgGVGFVF4045505355586061626364656667686970Total
Base----------1--11-------3
-----------------------
-----------------------
-----------------------
Total----------1--11-------3
 ----------33%--33%33%------- 

NGC Registry

NGC Registry Score 1860 $1 MS PL
 PrAgGVGFVF4045505355586061626364656667686970
Base7968269211100127815311617198521542434251927402857324741905003115411277513700143321538419021
8068589811159136215601740204122472462259327792987356144617182119521308313911146831659619972
00000017402041224724622593277929873561446171821195213083139111468300
00000018622098234124912666281831173876473293621236413392141211503300
1860 $1 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base7477748651036120614501531188620482319240126142727310340164805111721237813281138991492818486
7568049221093128714771649194021382346247226522852340742796927115741267913487142421611419410
00000016491940213823462472265228523407427969271157412679134871424200
00000017681994222923742543268929783712454290501197612980136931458500
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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.