Coin Specifications

Category: Seated Liberty Dollars (1840-1873)
Mint: Philadelphia
Mintage: 1,073,800
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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1871 $1 MS obverse 1871 $1 MS reverse
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Description & Analysis

The reason for such large mintages of silver dollars from the Philadelphia Mint in 1871-73 has not been satisfactorily explained, though there's always some reason for such divergent activity. It may be that American merchants engaged in the Far East trade were once again attempting to force acceptance of the United States standard silver dollar, a hopeless effort that ultimately was aborted with the replacement of this coin with the trade dollar in 1873.

From the large number of surviving pieces across all circulated grades it's evident that most of these coins entered domestic circulation. There are enough Mint State coins, too, to meet the demand from advanced type collectors. Gems, as always, are in very limited supply. Many 1871(P) silver dollars are weakly struck in places, but the sheer number of examples from which to choose allow a collector to seek sharp specimens. The majority of Mint State coins have the frosty surfaces of moderately worn dies, though a smaller number of prooflike or semi-prooflike examples are found. It is sometimes difficult to tell prooflike MS coins from mediocre proofs.

There are no fewer than 14 die marriages for currency strikes of the 1871(P) silver dollar. These resulted from the blending of 12 obverse dies with five reverses. A minor doubled-die obverse is known (OC-8), as well as a nice misplaced date variety (OC-12 & 14, FS-301).

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.

1871 $1 MS
  GVGFVFXF505355586061626364656667686970
Base $ 325 375 400 500 565 780 875 1000 1500 2150 2500 3100 4250 5450 57500 130000 - - - -
$ - - - - - - - - 4675 9500 75000 - - -

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: 948
Low Grade: PrAg
Average Grade: 50
High Grade: 66

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.
NGC CENSUS DETAIL Last Updated: 5/11/2021 1871 $1 MS
 PrAgGVGFVF4045505355586061626364656667686970Total
Base2233245157951245876928743932373851----947
-----------------------
--------------15------6
-----------------------
Total2233245157951245876928743932384351----953
 0%2%3%5%16%10%13%6%8%10%9%0%4%3%4%5%1%0%---- 
1871 $1 MS PL
 PrAgGVGFVF4045505355586061626364656667686970Total
Base------------1---------1
-----------------------
-----------------------
-----------------------
Total------------1---------1
 ------------100%--------- 

NGC Registry

NGC Registry Score 1871 $1 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base747774865949106612901363168317991969216125552754305736944565107881293713543141691521318820
756804893988114113141470172218562033229226212855326939846639115041313913752145171641519761
00000014701722185620332292262128553269398466391150413139137521451700
00000015761760191220972424268829563482427587141222113341139601486500
Registry Image Gallery
Grade: MS 66
Points: 12937
Owner: mr cool
 
Grade: MS 61
Points: 2754
Owner: Tweed Collection
 
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.