The Liberty Seated Dollar dated 1856 is an exceptionally uncommon and historical coin that plays a key moment in American mid-nineteenth-century numismatic history. There were simply sixty three,500 cash made, and the price of it makes it a hotly desired collectible or investor coin among extreme creditors.
In this article, we discuss the history, really worth, and market trends of the 1856 Liberty Seated Dollar, so you will have all of the information you want to realize its significance and well worth as an funding.
Historical Context and Design
The Liberty Seated Dollar collection turned into released in 1840 as a method of addressing the growing demand for silver forex inside the U.S. During a duration of increasing trade and westward expansion.
The 1856 Liberty Seated Dollar was produced at the Philadelphia Mint, and its manufacturing changed into stricken by a number of of factors, which include economic conditions and the difficulties of silver greenback production at the time.
Most of the coins minted in 1856 have been shipped out or melted due to the silver content material, resulting in a widespread decrease in the number of surviving portions.
This is every other component contributing to the coin’s rarity, therefore it being a extraordinarily sought-after collector’s object. In addition, the same die marriage turned into utilized for the enterprise strike, in addition complicating the uniqueness of this coin.
| Minting Year | Coins Minted | Mint Location |
|---|---|---|
| 1856 | 63,500 | Philadelphia Mint |
Key Features and Design
The Liberty Seated Dollar of 1856 is available in a design through Christian Gobrecht, the chief engraver of the U.S. Mint. The obverse aspect has Liberty seated on a rock, sporting a guard with “LIBERTY” written and a pole with a liberty cap at the top.
The opposite aspect has a heraldic eagle grasping an olive branch and arrows with the motto “IN GOD WE TRUST” at the bottom.
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 |
Rarity and Market Value
The 1856 Liberty Seated Dollar is a “semi-key” date in the series, especially because of its small minting figure and rarity in high grades.
The coin is hard to find in Mint State, and even coins that have been graded MS64 are exceptionally rare. The highest-grade specimens, such as MS64, have commanded strong prices at auction.
Notable Auction Sales:
The coin’s allure is evident in notable auction results. For instance, an 1856 Liberty Seated Dollar graded MS62 by PCGS was sold by Heritage Auctions. Such sales highlight the coin’s significant market demand and the premium placed on higher-grade examples.
| Coin Grade | Description | Auction Price |
|---|---|---|
| MS64 | Brilliant with golden and amber toning | $14,950 (Heritage Auctions, 2022) |
| MS63 | Vibrant rainbow toning | $10,200 (Stack’s Bowers, 2021) |
Population Reports:
- PCGS Population:
- MS63: 12 coins
- MS64: 2 coins
- NGC Population:
- MS63: 15 coins
- MS64: None reported
These population reports show just how challenging it is to locate high-grade specimens of the 1856 Liberty Seated Dollar, which makes it so valuable and in demand among serious collectors.
Tips for Collectors
- Authentication is Key: Due to its high value, counterfeits exist. Always have rare coins authenticated by a reputable grading service like NGC or PCGS.
- Condition Matters: Even slight improvements in coin condition can significantly raise its value.
- Look for Original Surfaces: Coins that haven’t been cleaned or altered hold greater value.
Investment Potential and Collector Interest
The 1856 Liberty Seated Dollar is still a very popular coin among type set collectors, series specialists, and investors.
Its rarity, historical importance, and beauty render it an attractive option for anybody seeking to invest in American numismatics. Coins that feature good toning and unscratched surfaces tend to command premium prices and value more quickly with time.
For collectors, this coin would make a perfect addition to a vintage coin collection because it signifies an important time in American history. The low mintage and distinctive design make it an exceptional coin that will only appreciate in value over time.
Conclusion
The Liberty Seated Dollar of 1856 is an incredibly uncommon and historically thrilling coin of outstanding investment price. Only 63,500 coins have been produced and very few of these nevertheless exist in Mint State, making it some thing actually precise in the global of American numismatics.
Whether you’re a seasoned collector or an investor looking for an extraordinary and valuable asset, the 1856 Liberty Seated Dollar is an notable choice on the way to in all likelihood recognize in fee over the years.
FAQ’s
Why is the 1856 Liberty Seated Dollar so valuable?
The coin is precious because of its low mintage of 63,500 coins, its ancient importance, and its rarity in excessive-grade situation.
What is the document value for an 1856 Liberty Seated Dollar?
Numismatic coins of MS64 have offered up to $14,950 at public sale, and these better grades are very uncommon.
