The 1863 Liberty Seated Dollar is a treasured piece among numismatists and collectors alike, representing a significant era in American history. Minted during the tumultuous Civil War, this coin is both a symbol of the nation’s resilience and a rare collector’s item.
In this article, we’ll explore the historical significance, minting details, value, and tips for collecting the 1863 Liberty Seated Dollar.
Historical Background
The Liberty Seated Dollar series was first introduced in 1840 and continued until 1873. Designed by Christian Gobrecht, this coin series featured Lady Liberty seated on a rock, holding a shield in one hand and a pole topped with a Phrygian cap in the other, symbolizing freedom. The reverse showcases an eagle holding an olive branch and arrows, signifying peace and readiness for war.
The 1863 Liberty Seated Dollar was minted at the Philadelphia Mint, with a total mintage of 27,200 business strikes and an additional 460 proof coins. The low mintage and historical context make this coin highly sought after by collectors.
Minting Details
| Detail | Specification |
|---|---|
| Year of Minting | 1863 |
| Designer | Christian Gobrecht |
| Mintage | 27,200 business strikes, 460 proofs |
| Composition | 90% Silver, 10% Copper |
| Diameter | 38.1 mm |
| Weight | 26.73 grams |
| Mint Location | Philadelphia (No Mint Mark) |
Value and Rarity
The value of the 1863 Liberty Seated Dollar varies greatly depending on its condition. Circulated coins can fetch anywhere from $800 to $3,600, while proof coins typically start at around $5,000. High-grade examples, particularly those graded MS65 or higher, can reach even more significant sums at auction.
Notable auction sales include:
- PCGS MS67: Sold for $114,000 at a Heritage Auction in December 2021.
- PCGS MS65: Sold for $57,500 at a Heritage Auction in 2010, reflecting the coin’s steady increase in value over the years.
Tips for Collectors
- Authentication: Due to its rarity and value, the 1863 Liberty Seated Dollar is a target for counterfeiters. Ensure that any purchase is verified by a reputable grading service such as PCGS or NGC.
- Condition and Grading: Coins in better condition (Mint State or Proof) are significantly more valuable. Consider getting your coin professionally graded to determine its exact value.
- Storage: To maintain the coin’s value, store it in a temperature-controlled environment, away from direct sunlight and humidity.
- Market Trends: Keep an eye on auction results and market trends to time your purchase or sale effectively.
This guide provides a comprehensive overview of the 1863 Liberty Seated Dollar, highlighting its historical significance, value, and tips for collectors. Whether you’re an experienced numismatist or a novice collector, understanding the details of this coin can help you make informed decisions in the numismatic market.
FAQ’s
What is the value of an 1863 Liberty Seated Dollar in good condition?
- The value ranges from $800 to $3,600, depending on the grade and condition of the coin.
How many 1863 Liberty Seated Dollars were minted?
- A total of 27,200 business strikes and 460 proofs were minted.
Where was the 1863 Liberty Seated Dollar minted?
- It was minted at the Philadelphia Mint, and it bears no mint mark.
What is the composition of the 1863 Liberty Seated Dollar?
- The coin is composed of 90% silver and 10% copper.
Why is the 1863 Liberty Seated Dollar rare?
- Its rarity is due to its low mintage during the Civil War and the fact that many coins were melted down or lost over time.
References
- CoinWeek – 1863 Liberty Seated Dollar: History & Value
- Stack’s Bowers Galleries – Liberty Seated Dollar Value Guide
- CoinValues – 1863 Seated Liberty Silver Dollar Values and Prices
- USA Coin Book – 1863 Liberty Seated Dollar Information
- Greysheet – 1863 Seated Dollar Pricing Guide
