Coin Specifications

Category: Seated Liberty Dollars (1840-1873)
Mint: Philadelphia
Mintage: 77,500
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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1861 $1 MS obverse 1861 $1 MS reverse
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Description & Analysis

This is another of the many dates in the series that is more scarce than its mintage suggests. The attrition rate was high, and just a few hundred survivors are known. There existed little or no demand for this denomination domestically, though the U. S. Mint retained some to pay off depositors of bullion. Others may have been exported to Asia, as in 1859-60, but American traders had little success in getting the Chinese to accept USA dollars. By this time they had gone back to purchasing Mexican dollars at a premium for international trade, since those were the coins of choice in that part of the world.

Four die marriages are known, each featuring obverse and reverse dies unique to that marriage. This indicates a sporadic coinage in small quantities with gaps of several weeks or even months between them. None of the dies involved possess features of general interest to variety collectors, so this issue is sought almost solely by date alone.

Coins grading below Fine are nearly unknown, and the values provided in price guides are simply projections. Most survivors are at or near the Mint State level, with gems being quite rare. The typical 1861 silver dollar is well struck, with fields that are semi-prooflike, this reflecting the frequent changeouts of dies and short press runs.

GRADE SUMMARY

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Price Guide

Last Updated: 1/16/2020

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

1861 $1 MS
  GVGFVFXF505355586061626364656667686970
Base $ 1100 1500 2000 3175 3750 4000 4200 4450 4750 4700 5200 6250 7500 11500 50000 120000 - - - -
$ - - - - - - - - - 16000 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: 81
Low Grade: F
Average Grade: 60
High Grade: 65

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, 65 series.
NGC CENSUS DETAIL Last Updated: 5/11/2021 1861 $1 MS
 PrAgGVGFVF4045505355586061626364656667686970Total
Base---44133379-61111163-----81
-----------------------
-----------------------
-----------------------
Total---44133379-61111163-----81
 ---5%5%1%4%4%4%9%11%-7%14%14%20%4%----- 

NGC Registry

NGC Registry Score 1861 $1 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base1294133316091949219729603103314932813386358337303852406445915563101051293713543141691521318820
1307142517222032245130083118319333163452363237713923424049157077110491313913752145171641519761
00000031183193331634523632377139234240491570771104913139137521451700
00000031343237335135173681381139934415523985911199313341139601486500
Registry Image Gallery
Grade: MS 63
Points: 4591
Owner: Tweed Collection
 
Grade: VF 20
Points: 2197
Owner: 123cents
 
View the Registry Image Gallery

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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.