The 1861 Seated Liberty quarters have value as numismatic coins. Keep reading to learn more about these silver coins.

1861 Quarter

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: $3.78

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 $3.78 as of October 04, 2022. This melt value is calculated from the current silver spot price of $21.00 per ounce.

The 1861 quarter with no mint mark is worth around $35 in good condition. In very fine condition the value is around $65. In extremely fine condition the value is around $100. In uncirculated condition the price is around $350 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 $650 in good condition. In very fine condition the value is around $2,000. In extremely fine condition the value is around $4,500.

Proof coins with no mint mark are available and they are each valued at around $1,200 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