The 1856 Liberty Seated Dollar is not only a rare coin but also holds a special place in the world of American history and coin collecting. This coin represents an economic and cultural glimpse of America in the mid-19th century. Its total minting was only 63,500, making this coin extremely rare and priceless for collectors today.
In this article, we will learn why this coin is so special, from its historical significance to how its value is increasing in the market and how it can prove to be a great investment.
Historical background and creation story
The Liberty Seated Dollar series began in 1840, when America was rapidly moving towards economic development and western expansion. At that time, the demand for large-value silver coins increased rapidly. This coin was minted at the Philadelphia Mint in 1856, and it was made mainly for export and deposit purposes.
Many coins were melted or sent abroad at that time, which further reduced their number. This is why most of the coins that survive today are worn or have lost their shine. Only one “die marriage” (coin-making impression) was used in this special minting of 1856, which makes it even more unique.
Mint Data and Rarity
If we talk about minting figures, the total number of 1856 Liberty Seated Dollars was just 63,500. There is no official proof of a strike recorded this year, which further increases the uniqueness of this edition. Most of the surviving coins have either been used in circulation or their detailing has become light.
This coin is very rare in Mint State (Uncirculated Condition) and there is no official recording above MS64 grade. High-quality coins can be counted on fingers, and that is why their prices skyrocket at auction.
Record-breaking sale at auction
The 1856 Liberty Seated Dollar has surprised people many times by selling for huge prices at auction. Here are two such examples:
- 1856 MS64 PCGS: This coin is graded MS64 by PCGS. It has golden and amber toning on the edges and a glossy finish in the center. This coin was sold by Heritage Auctions in January 2022 for $14,950.
- 1856 MS63 NGC: This coin was rated in MS63 grade by NGC and looks very beautiful with iridescent toning on both sides. It sold at Stacks Bower Galleries in March 2021 for $10,200.
Market trends show that coins that have original surfaces and attractive toning fetch much higher prices than coins without toning.
Rarity in Grading and Population Reports
Reports from major grading agencies like PCGS and NGC confirm the rarity of this coin:
- PCGS reports:
- MS63 grade: Only 12 coins certified
- MS64 grade: Only 2 coins exist, considered the finest
- NGC reports:
- MS63 grade: 15 coins certified
- MS64 grade: None certified
This proves that finding a high-grade 1856 Liberty Seated Dollar is extremely difficult.
A Golden Opportunity for Collectors and Investors
This coin not only attracts history buffs but also provides a golden opportunity for investors. The coin’s low mintage, rarity, and beautiful design make it a good long-term investment option.
Investors are advised to prefer coins that have natural toning and are certified in high grades (MS63 or above). These coins are not only ideal for collecting, but they also tend to increase in value significantly over time.
Coin Design and Features
- Obverse (front side): Designed by Christian Gobrecht, it shows Liberty seated on a rock. She holds a shield bearing the word “LIBERTY” and a pole with a freedom cap on it.
- Reverse (back side): Shows a Greek-style eagle holding an olive branch and arrows. “IN GOD WE TRUST” is written above it and “ONE DOLLAR” below it.
- Edge: Reeded, i.e., full of stripes.
Full details of the coin (Specifications)
| Attribute | Details |
|---|---|
| Denomination | One Dollar |
| Composition | 90% Silver, 10% Copper |
| Weight | 26.73 grams |
| Diameter | 38.1 mm |
| Thickness | 2.9 mm |
| Edge | Reeded |
| Designer | Christian Gobrecht |
| Mint Mark | None (Philadelphia) |
Conclusion: Should this coin be in your collection?
The 1856 Liberty Seated Dollar is a rare gem that every serious collector and savvy investor should add to their collection. This coin not only represents a glimpse of American history, but its steady increase in value also makes it a great investment.
If you’re looking for a coin that blends beauty, history, and investment potential—the 1856 Liberty Seated Dollar may be an excellent choice for you.
FAQs
Q. What is the denomination of this coin?
A. It is a one-dollar coin.
Q. What metals are used in this coin?
A. It is made of 90% silver and 10% copper.
Q. How much does the coin weigh?
A. The coin weighs 26.73 grams.
Q. Does this coin have a mint mark?
A. No, it has no mint mark as it was minted in Philadelphia.
Q. Who designed the coin?
A. The coin was designed by Christian Gobrecht.