The 1861 Seated Liberty quarters have value as numismatic coins. Keep reading to learn more about these silver coins.
Specifications
Type: Seated Liberty Quarter
Year: 1861
Face Value: $0.25
Composition: 90% silver, 10% copper
Silver Weight: .18 oz.
Total Weight: 6.22 grams
Current Silver Bullion Value: $13.66
The US minted the 1861 quarter with no mint mark and also the 1861 S quarter. The mint mark, when present, can be found on the reverse side of the coin below the eagle.
| Series |
Location |
Quantity Minted |
| 1861 |
Philadelphia |
4,853,600 |
| 1861 S |
San Francisco |
96,000 |
Value
This coin in circulated condition is worth at least its weight in silver. The silver melt value for this coin is $13.66. This melt value is calculated from the current silver spot price of $75.90 per ounce.
The 1861 quarter with no mint mark is worth around $30 in good condition. In very fine condition the value is around $50. In extremely fine condition the value is around $120. In uncirculated condition the price is around $470 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 63 can sell for around $725.
The 1861 S quarter is worth around $725 in good condition. In very fine condition the value is around $2,500. In extremely fine condition the value is around $4,700.
Proof coins with no mint mark are available and they are each valued at around $1,250 in PR 63 condition. There were 1,000 proof coins minted.
Grading System
Good- The word "LIBERTY" on the shield is not readable. The letters and the date are readable.
Very fine- The word "LIBERTY" on the shield is strong.
Extremely fine- The word "LIBERTY" on the shield and the edges on the scroll are distinct.
MS 60 uncirculated- There are no signs of wear. The coin has luster, but there may be a few stains, abrasions, or surface marks.
MS 63 choice uncirculated- In the major focal areas there are some blemishes or contact marks. The coin's luster might not be as prominent.
PR 63 proof- This coin has reflective surfaces and only a few blemishes away from the major focal points. There are no major flaws.
Sources:
The Red Book
See also:
1860 Quarter