The 1871 Seated Liberty silver dollars have value as numismatic coins. Keep reading to learn more about these coins.

1871 Silver Dollar

Specifications

Type: Seated Liberty Dollar
Year: 1871
Face Value: $1.00
Composition: 90% silver, 10% copper
Silver Weight: .77344 oz.
Total Weight: 26.73 grams
Current Silver Bullion Value: $18.63

The US minted the 1871 silver dollar with no mint mark and also the 1871 CC silver dollar. The mint mark, when present, can be found on the reverse side of the coin below the eagle.

Series Location Quantity Minted
1871 Philadelphia 1,073,800
1871 CC Carson City 1,376

Value

This coin in circulated condition is worth at least its weight in silver. The silver melt value for this coin is $18.63 as of September 29, 2020. This melt value is calculated from the current silver spot price of $24.09 per ounce.

The 1871 dollar with no mint mark is worth around $400 in very good condition. In very fine condition the value is around $500. In extremely fine condition the value is around $600. In uncirculated condition the price is around $2,100 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 63 can sell for around $4,650.

The 1871 CC dollar is worth around $3,750 in very good condition. In very fine condition the value is around $6,500. In extremely fine condition the value is around $12,000. In uncirculated condition the price is around $75,000 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 63 can sell for around $175,000.

Proof coins with no mint mark are available and they are each valued at around $3,800 in PR 63 condition. There were 960 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


See also:

1872 Silver Dollar
1870 Silver Dollar