Coin Specifications

Category: Seated Liberty Dollars (1840-1873)
Mint: New Orleans
Mintage: 59,000
Catalog: KM-71
Obverse Designer: Christian Gobrecht
Reverse Designer: Christian Gobrecht
Composition: Silver
Fineness: 0.9000
Weight: 26.73g
ASW: 0.7734oz
Melt Value: $12.60 (5/25/2016)
Diameter: 38.1mm
Edge: Reeded
Numismatic specification data provided by Krause Publications NumisMaster.
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1846 O S$1 MS obverse 1846 O S$1 MS reverse

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There are no NGC varieties for this coin.

Description & Analysis

The New Orleans Mint opened its doors as a coinage facility in 1838. The impressive building, which is still standing near the city's French Quarter, was designed by William Strickland. The cornerstone was laid in September 1835, and the first coins, Seated Half Dimes and Dimes, rolled off the presses in 1838. The Mint's initial delivery of business strike Reeded Edge Half Dollar followed in 1839, and the first Seated Quarters emerged from the presses in 1840. Production of Silver Dollars in the Crescent City, however, would have to wait until 1846, when the New Orleans Mint delivered 59,000 coins. Some numismatists believe that the P-mint Silver Dollars of the 1840s may have been widely exported. Regardless of whether or not this is true, it seems likely that the '46-O delivery was intended for domestic circulation throughout the South. New Orleans was the principal port on the Mississippi River at the time, and many examples were also distributed to other parts of the country via that waterway and its tributaries.

The relative availability of 1846-O Seated Dollars in grades below XF suggest, first, that most coins remained within the United States, and, second, that this issue saw widespread circulation. Locating an attractive, problem-free XF or AU representative is challenging, and desirable Mint State specimens are virtually unknown.

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


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Price Guide

Last Updated: 9/22/2015

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

1846 O S$1 MS
Base $ 305 375 440 525 1050 1600 1900 2900 4050 8500 13250 22000 55000 200000 - - - - -
$ 1150 - 2150 3250 4500 9500 14750 26500 - - - - -

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Total Graded: 175
Low Grade: PrAg
Average Grade: 50
High Grade: 65

Upcoming Auctions

Auction Prices Realized

A random selection of coins is shown below.

Auction House
Sale / Lot
11/18/2001 NGC AU 58   Teletrade Auction 1507, 1507/Lot# 1112 $1,728.00
2/20/2005 PCGS MS 62   Goldberg February 20-23, 2005 Pre-Long Beach Coin Auction, 28/Lot# 1676 $12,650.00
7/31/2009 PCGS XF 40   Heritage Auctions 2009 August Los Angeles, CA US Coin Auction #1128, 1128/Lot# 8207 $862.50
10/13/2011 PCGS G 6   Heritage Auctions 2011 October 13-16 US Coins Signature Auction #1160- Pittsburgh Session(4), 1160/Lot# 8902 $276.00
4/14/2013 PCGS Genuine XF   GreatCollections GreatCollections Coin Auctions 04/14/2013, 70/Lot# 109761 $412.50
3/30/2014 PCGS AU 53   David Lawrence Rare Coins Internet Auction # 797, 806/Lot# 139 $2,050.00
10/31/2014 PCGS XF 40   Stack's Bowers November Baltimore 2014, 6039/Lot# 5114 $881.25
12/6/2015 PCGS VG 10   Heritage Auctions Internet Coin Auction Session(2), 131550/Lot# 25737 $340.75

NGC Registry

NGC Registry Score 1846 O S$1 MS
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