Coin Specifications

Category: Seated Liberty Half Dollars (1839-1891)
Mint: New Orleans
Mintage: 2,532,633
Obverse Designer: Christian Gobrecht
Reverse Designer: Christian Gobrecht
Composition: Silver
Fineness: 0.9000
Weight: 12.4400g
ASW: 0.3599oz
Melt Value: $5.71 (7/17/2019)
Diameter: 30.6mm
Edge: Reeded
Link to this coin

1861 O 50C MS obverse 1861 O 50C MS reverse
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Description & Analysis

A generous mintage, wartime hoarding and the discovery of an immense undersea treasure have made the 1861-O half dollar a common coin across all grades. Only at the gem Mint State level is this coin rare.

The year 1861 was a momentous one, and the New Orleans Mint found itself right at the center of the drama. Seized by the State of Louisiana shortly after it seceded from the Union, the mint was later turned over to the Confederate government based in Montgomery, Alabama (later relocated to Richmond, Virginia). Throughout this period the mint continued to strike silver half dollars and gold double eagles from existing supplies of bullion until the mint finally ceased coining operations May 14, 1861.

Numismatic research in later years determined that the number of half dollars coined under authority of the United States of America, all struck during January, was 330,000. Another 1,240,000 pieces were produced by the State of Louisiana during February and March, and some 962,633 half dollars were struck under the CSA during April. It is thus possible to collect 1861-O half dollars from all three authorities, though identification of the specific die pairs for each is challenging work requiring unworn and undamaged specimens.

A total of 15 die marriages are known for this issue, these being the products of six each obverse and reverse dies. Two marriages have been dated to the USA period, six more to the State of Louisiana and another seven to CSA authority. All 1861-O half dollars were coined with one or more collars having 140 reeds, and all display the Type 2 reverse adopted in 1858.

Aside from the many die marriages, collectible varieties for this issue are minor and limited. Of most interest is the die pairing on which a distinct crack is visible from the bridge of Liberty's nose to the border. Of the several marriages assigned to the CSA period, this is the only one that is immediately recognizable, as the same obverse die was used to coin the four half dollars bearing a distinctive reverse of unique design engraved for the CSA.

Recovery of the treasure that had been aboard the steamship Republic, which sank of the coast of Georgia in 1865, revealed many thousands of 1861-O half dollars and lesser number of earlier issues. Though most show the effects of saltwater immersion to varying degrees, the hoard has further added to the already generous supply of this date.

GRADE SUMMARY

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Price Guide

Last Updated: 6/21/2019

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

1861 O 50C MS
  GVGFVFXF505355586061626364656667686970
Base $ 42.00 65.00 90.00 155 285 415 450 575 725 800 1050 1400 1950 3650 6250 18750 - - - -
$ - - - - - - - - - 3800 - - - -

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Census

 
NGC GRADE SUMMARY

Total Graded: 409
Low Grade: PrAg
Average Grade: 53
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: 7/16/2019 1861 O 50C MS
 PrAgGVGFVF4045505355586061626364656667686970Total
Base1082094121392726353412525402893----401
-----------------------
---------------1------1
-----------------------
Total1082094121392726353412525402993----402
 2 %2 %5 %2 %10 %5 %10 %7 %6 %9 %8 %0 %6 %6 %10 %7 %2 %1 %---- 
1861 O 50C MS Prooflike
 PrAgGVGFVF4045505355586061626364656667686970Total
Base------------1223------8
-----------------------
-----------------------
-----------------------
Total------------1223------8
 ------------13 %25 %25 %38 %------ 

Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
2/22/2006 PCGS AU 58   Teletrade Auction 2165, 2165/Lot# 1275 $476.00
2/11/2007 NGC AU 58   Goldberg February 11-14, 2007 Pre-Long Beach Coin and Currency Auction, 39/Lot# 1449 $3,335.00
12/25/2011 NGC Details Details  GreatCollections GreatCollections Coin Auctions 12/25/2011, 150/Lot# 30053 $440.00
2/10/2013 NGC   GreatCollections GreatCollections Coin Auctions 02/10/2013, 61/Lot# 99709 $247.50
4/24/2013 NGC AU 55   Heritage Auctions 2013 April 24 - 28 CSNS US Coin Signature Auction - Chicago Session(8), 1184/Lot# 8392 $675.63
8/17/2014 PCGS VG 8   David Lawrence Rare Coins Internet Auction # 817, 826/Lot# 1183 $120.00
3/26/2015 PCGS AU 53   Stack's Bowers March 2015 Baltimore, 6065/Lot# 2591 $3,818.75
4/22/2015 PCGS AU 58   Heritage Auctions 2015 April 22 - 26 CSNS US Coins Signature Auction - Chicago Session(3), 1219/Lot# 4491 $822.50
4/22/2015 NGC   Heritage Auctions 2015 April 22 - 26 CSNS US Coins Signature Auction - Chicago Session(7), 1219/Lot# 7874 $376.00


NGC Registry

NGC Registry Score 1861 50C MS O
 PrAgGVGFVF4045505355586061626364656667686970
Base11352012553956427548749581081121312841505192821242860421760898851139432217326905
461572193024776797949029991125123713581646199323693312484170101054816686237500
000000794902999112512371358164619932369331248417010105481668600
0000008349301040116912601431178720592615376554657930122461943000
Registry Image Gallery
Grade: AU 53
Points: 958
Owner: tooch
 
Grade:
Points: 0
Owner: Deepc5
 
View the Registry Image Gallery

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