1862 Seated Liberty Dollars
Minted at: Philadelphia (No Mint Mark)
Designer - Engraver: Christian Gobrecht
Metal Composition: 90% Silver - 10% Copper
Diameter: 38.1 mm
Mass / Weight: 26.73 grams
What This Coin Looks Like (Obverse, Reverse, Mint Mark Location, Special Features, etc.):
USA Coin Book Estimated Value of 1862 Seated Liberty Silver Dollar is Worth $772 in Average Condition and can be Worth $6,083 to $8,310 or more in Uncirculated (MS+) Mint Condition. Proof Coins can be Worth $5,096 or more. Click here to Learn How to use Coin Price Charts. Also, click here to Learn About Grading Coins. The Melt Value shown below is how Valuable the Coin's Metal is Worth (bare minimum value of coin). Click here to see the Melt Value of every US Coin.
MELT VALUE: $18.59
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1862 Seated Liberty Silver Dollar
1862 Liberty Seated dollars are extremely scarce 19th-century type silver coins that are collected by rare coin connoisseurs and those who appreciate classic United States type coinage. The 1862 Seated Liberty dollar is indeed every bit a numismatic treasure as it was made during the Civil War and was produced in very small quantities.
Only 11,540 business strikes were made, along with 550 proof specimens. Either is considerably scarce. Values for the 1862 Seated Liberty dollar range from $700 in a grade of Very Good-8 to $3,600 in Mint State-60. Prices for an 1862 proof dollar are in the range of $5,000.
Mintage of 1862 dollars was handled at only the Philadelphia Mint, though Liberty Seated dollars were struck at several branch facilities over the course of their 1840-1873 production; these branch mints include the Carson City, New Orleans, and San Francisco Mints. Christian Gobrecht designed the Liberty Seated dollar in 1840, and the design is shared with U.S. silver coins of other denominations, including the half dime, dime, quarter, and half dollar.
Liberty Seated silver dollars were widely circulated during the 1840s and 1850s, though by the 1860s the majority of their use was in foreign trade channels. This was due to the rising value of silver, which was the basis of foreign exchange in the 19th century and was important as the price of silver increased in the 1860s.
Liberty Seated dollars consist of a 90 percent silver and 10 percent copper composition. They weigh 26.73 grams and contain 0.77344 ounces of pure silver. Their diameter measures 38.1 millimeters, which is the same width as the widely encountered Morgan and Peace silver dollars that were struck by the United States Mint during the latter 19th and early 20th centuries.
Other Years From This Coin Series
1862 Large Head Indian Princess Gold Dollar
1862 Indian Princess Large Head gold dollars are widely collected by coin hobbyists who enjoy pre-1933 U.S. gold coins. Gold dollar coins mainly circulated in the western United States, which is where gold was plentiful during the Gold Rush heyday of the 1840s and 1850s. Gold dollar coins were used extensively in commerce, though they also were favored as holiday gifts, and therefore, many of these coins were spared years of hard use in circulation and thus are often available in the better grades.
1862 marks the first year that minting of Indian Princess Large Head gold dollars would mainly begin taking place at the Philadelphia Mint, with the exception of the 1870-S dollar.
1862, 1,361,355 minted; $250
1862 proof, 35; $8,000
*Values are for coins grading Extremely Fine-40, unless otherwise noted.
As 1862 gold dollars are quite small in size, just 15 millimeters in diameter, these coins contain a relatively tiny amount of gold – just 0.04837 ounces of gold to be exact. Additionally, these coins have incredible numismatic premiums, thus it becomes apparent why these coins are so expensive considering how small they are in physical size. In fact, they commonly cost at least $100 more than their actual spot values, making them economically inefficient purchases for diehard bullion investors.
Another interesting numismatic footnote about 1862 gold dollars is that they were designed by United States Mint Chief Engraver James B. Longacre. He designed a multitude of low-denomination United States coins, including the Flying Eagle cent, Indian Head cent, two-cent piece, various silver and nickel three-cent coins, and the Shield nickel.
Other Years From This Coin Series
Do not play around, threw the Stick to her, pulling her by the straps. You are a great actress. Wendy pressed her whole body against him with a carnivorous smile. In the morning, Amako woke up first and immediately rushed to light the brazier so as not to let the morning damp spoil the master's awakening.
Coin 1862 dollar
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At least, it inspired a certain optimism.1862 Victoria Coin
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