Coin Specifications

Category: Seated Liberty Dollars (1840-1873)
Mint: Philadelphia
Mintage: 11,540
Obverse Designer: Christian Gobrecht
Reverse Designer: Christian Gobrecht
Composition: Silver
Fineness: 0.9000
Weight: 26.7300g
ASW: 0.7734oz
Melt Value: $13.16 (10/23/2017)
Diameter: 38.1mm
Edge: Reeded
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1862 S$1 MS obverse 1862 S$1 MS reverse

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Description & Analysis

Beginning collectors and specialists alike will find it interesting to note that the 1862 is more easily obtainable in circulated grades than the 1861, this despite the fact that the former issue was produced to the extent of just 11,540 coins. As in 1861, the federal government apparently held a limited number of Silver Dollars stateside in 1862. This is not to suggest that the 1862 Seated Dollar entered domestic circulation at the time of issue. On the contrary, the Silver Dollar was worth $1.04 in gold by 1862, and any coins located by bullion dealers would undoubtedly have been melted. Furthermore, northern banks suspended gold specie payments in December 1861, and by mid-1862 Confederate victories and the uncertain outcome of the war had driven all silver coins from circulation. It is likely, therefore, that many 1862 Silver Dollars were exported, virtually all of which were melted. Other coins were probably released into domestic circulation in the late 1870s, when Silver Dollars were once again worth more as circulating currency than as bullion.

Although scarce, the 1862 is not rare in circulated grades, and collectors can usually obtain a decent representative with a little bit of patience. In Mint State, the 1862 is rare, especially in grades at or above the MS64 level of preservation.

Description and Analysis courtesy of Heritage Auctions and may not be republished without written permission.


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Price Guide

Last Updated: 10/20/2016

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

1862 S$1 MS
Base $ 575 725 950 1400 2950 3250 3600 4050 4400 4800 5050 6400 8000 16850 68750 - - - - -
$ - - - - - - - 7100 12000 40000 - - - -

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Total Graded: 85
Low Grade: G
Average Grade: 60
High Grade: 65

Upcoming Auctions

Auction Prices Realized

A random selection of coins is shown below.

Auction House
Sale / Lot
1/25/2004 PCGS MS 64   Goldberg January 25-28, 2004 Pre-Long Beach Coin and Currency Auction, 23/Lot# 2561 $9,200.00
10/10/2005 NGC MS 64   David Lawrence Rare Coins Internet-Only Auction #57, 62/Lot# 812 $9,062.00
8/15/2010 PCGS MS 62   Teletrade Auction 2906, 2906/Lot# 2062 $4,025.00
8/2/2012 NGC AU 50   Heritage Auctions 2012 August 2-5 US Coins Signature Auction- Philadelphia Session(1), 1173/Lot# 3530 $2,820.00
4/6/2014 PCGS Genuine UNC   GreatCollections GreatCollections Coin Auctions 04/06/2014, 175/Lot# 184557 $2,480.50
6/4/2014 NGC Details VF Details  Heritage Auctions 2014 June 4 - 8 US Coins Signature Auction - Long Beach Session(6), 1206/Lot# 8649 $1,351.25
9/4/2014 PCGS Genuine UNC   Heritage Auctions 2014 September 4 - 6 Long Beach Expo US Coins Signature Auction - Long Beach Session(2), 1209/Lot# 4303 $2,820.00
11/6/2014 PCGS MS 64   Heritage Auctions 2014 November 6 - 10 US Coins Signature Auction - Beverly Hills Session(2), 1211/Lot# 3803 $12,925.00

NGC Registry

NGC Registry Score 1862 S$1 MS
Registry Image Gallery
Grade: MS 63
Points: 5316
Owner: Tweed Collection
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