Coin Specifications

Category: Seated Liberty Dollars (1840-1873)
Mint: Philadelphia
Mintage: 162,100
Obverse Designer: Christian Gobrecht
Reverse Designer: Christian Gobrecht
Composition: Silver
Fineness: 0.9000
Weight: 26.7300g
ASW: 0.7734oz
Melt Value: $20.20 (4/21/2021)
Diameter: 38.1mm
Edge: Reeded
Link to this coin

1868 $1 MS obverse 1868 $1 MS reverse
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Description & Analysis

The production of silver dollars rose dramatically in 1868 and for the next several years. This reflected a renewed attempt to get Chinese merchants to accept American dollars at par with the Mexican coins favored in the Far East. The urgency of this action was prompted by an increase in the premiums charged by Mexican mints for their products, which severely cut into profits in the overseas trade. This effort to gain acceptance of American standard silver dollars ultimately proved futile, and it led to the termination of their production in 1873 in favor of the new trade dollar having a higher bullion value.

The vast majority of 1868 silver dollars were shipped to Asia, but precious few of them ever returned. Nearly all were rendered into bullion, making this issue much more scarce than its mintage suggests. Mint State examples are genuinely rare, while most circulated pieces are only lightly to moderately worn. Many of the worn coins have been Details graded for assorted problems, and these may be found within NGC's Census by on the D (Details) icon.

Three obverse dies were paired with three reverses in several combinations, resulting in a total of five die marriages. None of the reverse dies were utilized with other dates. Marriages OC-1 and OC-2 each feature different obverse dies having an errant numeral 6 visible within the denticles.

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.

1868 $1 MS
  GVGFVFXF505355586061626364656667686970
Base $ 305 365 410 585 1100 1450 1600 1750 1900 3000 3500 4650 8000 20000 70000 120000 - - - -
$ - - - - - - - - - 40000 - 140000 - -

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: 125
Low Grade: G
Average Grade: 50
High Grade: 66

The chart showing 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.
NGC CENSUS DETAIL Last Updated: 4/20/2021 1868 $1 MS
 PrAgGVGFVF4045505355586061626364656667686970Total
Base-135168181392014-214441----123
-----------------------
-----------------------
-----------------------
Total-135168181392014-214441----123
 -1%2%4%13%7%15%11%7%16%11%-2%1%3%3%3%1%---- 
1868 $1 MS PL
 PrAgGVGFVF4045505355586061626364656667686970Total
Base--------------1-1-----2
-----------------------
-----------------------
-----------------------
Total--------------1-1-----2
 --------------50%-50%----- 

NGC Registry

NGC Registry Score 1868 $1 MS PL
 PrAgGVGFVF4045505355586061626364656667686970
Base7778069211010129116441779201221132271274030993386380048237340113611386914506151641626120046
7878449511104140916891857204621662427286031953524414156628680121971408114725155301752321048
00000018572046216624272860319535244141566286801219714081147251553000
000000193420792218258429793290366244826501100211303314294149451589500
1868 $1 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base729754865949121915581687191120092161261429603238363946307077109971344614069147131578619490
7377918931039133216011762194420602312272930533372396954468384118131365414284150711702120465
00000017621944206023122729305333723969544683841181313654142841507100
00000018361976211024632845314535054300626196901263013861144981542800
Registry Image Gallery
Grade: MS 66
Points: 13446
Owner: mr cool
 
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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.