The 1862 Seated Liberty silver dollars have value as numismatic coins. Keep reading to learn more about these coins.
Specifications
Type: Seated Liberty Dollar
Year: 1862
Face Value: $1.00
Composition: 90% silver, 10% copper
Silver Weight: .77344 oz.
Total Weight: 26.73 grams
Current Silver Bullion Value: $24.21
The US minted the 1862 silver dollar with no mint mark. No other series were minted for this year.
Series | Location | Quantity Minted |
---|---|---|
1862 | Philadelphia | 11,540 |
Value
This coin in circulated condition is worth at least its weight in silver. The silver melt value for this coin is $24.21. This melt value is calculated from the current silver spot price of $31.30 per ounce.
The 1862 silver dollar is worth around $1,000 in very good condition. In very fine condition the value is around $2,200. In extremely fine condition the value is around $4,000. In uncirculated condition the price is around $7,000 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 63 can sell for around $9,000.
Proof coins are available and they are each valued at around $4,750 in PR 63 condition. There were 550 proof coins minted.
Grading System
Very good- The word "LIBERTY" on the shield is mostly complete.
Very fine- The word "LIBERTY" on the shield is strong but the ribbon shows slight wear.
Extremely fine- The horizontal lines on the shield are distinct. The eagle's eye is plain.
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