Coin Specifications

Category: Seated Liberty Dollars (1840-1873)
Mint: Philadelphia
Mintage: 11,540
Catalog: KM-71
Obverse Designer: Christian Gobrecht
Reverse Designer: Christian Gobrecht
Composition: Silver
Fineness: 0.9000
Weight: 26.73g
ASW: 0.7734oz
Melt Value: $12.41 (5/30/2016)
Diameter: 38.1mm
Edge: Reeded
Numismatic specification data provided by Krause Publications NumisMaster.
Link to this coin

1862 S$1 MS obverse 1862 S$1 MS reverse

Expand All    Collapse All


There are no NGC varieties for this coin.

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.


Loading... Working...

Use the scroll bar at the bottom of this box to view a summary of the NGC Price Guide, NGC Census, Auction Prices Realized and NGC Registry Scores for each grade.

There was no data found for this Coin.

Select Designation


Select Grade

*To view the Census details for this coin, please sign in or sign up.

Price Guide

Last Updated: 9/22/2015

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

1862 S$1 MS
Base $ 575 725 950 1400 2700 3250 3500 4050 4400 5050 6700 10750 16500 72500 - - - - -
$ - - - - - - 7750 12000 35000 - - - -

NGC Price and Value Guides Disclaimer



Total Graded: 86
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
6/4/1995 NGC MS 64   Heritage Auctions 1995 June Long Beach Sale #137, 137/Lot# 5668 $7,975.00
12/27/1999 NGC MS 64   Teletrade Auction 1252, 1252/Lot# 1696 $8,268.00
2/20/2005 PCGS MS 63   Goldberg February 20-23, 2005 Pre-Long Beach Coin Auction, 28/Lot# 1716 $7,187.50
10/10/2005 NGC MS 64   David Lawrence Rare Coins Internet-Only Auction #57, 62/Lot# 812 $9,062.00
7/12/2012 PCGS AU 53   Heritage Auctions 2012 July 12-15 US Coin Summer FUN Signature Auction - Orlando Session(1), 1172/Lot# 3857 $5,750.00
9/25/2013 PCGS Genuine XF   Heritage Auctions 2013 September 25 - 29 US Coins Signature Auction - Long Beach Session(2), 1189/Lot# 4069 $2,115.00
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
10/8/2014 NGC VF 30   Heritage Auctions 2014 October 8 - 13 PNG New York Invitational US Coins Signature Auction - New York Session(2), 1210/Lot# 3675 $1,880.00

NGC Registry

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

Related Articles

USA Coin Album: America’s Coinage Abroad, Part One

4/8/2010 — There’s been little research done on the circulation of USA coins in other countries, so David W. Lange casts some light on this still-intriguing topic. Read on for the first part in a new series.
View full article >

NGC Auction Central Disclaimer