The 1859 Liberty Seated Dollar is a prized coin among collectors, symbolizing a period of U.S. economic growth and expansion. Minted at the Philadelphia Mint, this coin’s production in 1859 marked the return of silver dollars after a pause in 1858, resulting in an output of 256,500 coins. Mostly intended for trade in Asia, many of these coins did not stay in the U.S., and some were melted down in 1861. This article will cover the coin’s production, design, and collectible value.
Production Details of the 1859 Liberty Seated Dollar
The Philadelphia Mint produced the 1859 Liberty Seated Dollar in 13 deliveries between April and December. Here’s a breakdown of the coin’s production by date:
| Production Date | Quantity Minted |
|---|---|
| April 18 | 33,000 |
| April 19 | 22,000 |
| April 28 | 2,500 |
| June 27 | 16,000 |
| June 30 | 8,000 |
| October 6 | 22,000 |
| October 13 | 18,000 |
| October 18 | 17,000 |
| October 24 | 24,000 |
| October 25 | 16,000 |
| November 21 | 29,000 |
| November 23 | 22,000 |
| December 10 | 2,000 |
Totaling 256,500 coins, this mintage resumed silver dollar production and distributed most coins for international trade. The Mint also produced 800 Proof coins for collectors, which remain in better condition on average compared to circulated coins.
Market Data and Noteworthy Specimens of the 1859 Liberty Seated Dollar
High-quality specimens of the 1859 Liberty Seated Dollar are rare and valuable. The highest-graded examples are sought after in the collector market, with Mint State coins in MS64 or above commanding premium prices. Here is a summary of the notable high-grade specimens from leading grading companies:
| Top Grades | Grading Company | Quantity |
|---|---|---|
| PCGS MS66+ | PCGS | 1 |
| NGC MS64 | NGC | 15 |
| CAC MS66 | CAC | 2 |
Collectors are particularly interested in these coins, which have unique toning, from blue and green to peach, adding to each coin’s distinct appeal.
Design of the 1859 Liberty Seated Dollar
The 1859 Liberty Seated Dollar features a classical design by Christian Gobrecht, showcasing Liberty on the obverse and a powerful eagle on the reverse.
Obverse (Front)
The obverse displays Liberty seated on a rock, draped in classical robes. She holds a Liberty pole in her left hand and balances a shield with “LIBERTY” inscribed. Surrounding her are 13 stars representing the original colonies, with the date “1859” displayed at the bottom.
Reverse (Back)
On the reverse, an eagle appears with wings partially spread and holds an olive branch and arrows, symbolizing the nation’s commitment to peace and readiness for defense. The legend “UNITED STATES OF AMERICA” curves around the top, while “ONE DOL.” is positioned at the bottom.
Edge
The edge of the coin is reeded with a textured pattern, commonly seen on U.S. coins.
Coin Specifications
| Specification | Details |
|---|---|
| Country | United States of America |
| Year of Issue | 1859 |
| Denomination | One Dollar (USD) |
| Mintmark | None (Philadelphia) |
| Mintage | 256,500 |
| Alloy | .900 Silver, .100 Copper |
| Weight | 26.73 g |
| Diameter | 38.10 mm |
| Edge | Reeded |
| Obverse Designer | Christian Gobrecht, from sketches by Titian Peale/Thomas Sully |
| Reverse Designer | Christian Gobrecht |
| Quality | Business Strike |
Collectibility and Value of the 1859 Liberty Seated Dollar
The 1859 Liberty Seated Dollar’s beauty, history, and rarity make it a highly valued collectible. Mint State examples, especially those in MS64 and above, are rare and sell for thousands at auctions. High-grade examples have fetched significant sums, with Mint State coins reaching prices of $20,000 or more depending on their condition and appearance. This coin offers collectors a tangible piece of American history, reflecting the artistry and values of 19th-century America.
Conclusion
The 1859 Liberty Seated Dollar is a fascinating piece of American history, showcasing beautiful design, careful craftsmanship, and a significant place in coin collecting. Its limited mintage and unique purpose in U.S. and international trade make it a highly sought-after coin among collectors. Holding a 1859 Liberty Seated Dollar is not only about value but about appreciating a piece of history that symbolizes America’s economic growth and artistic heritage in the 19th century.
FAQ’s
Why was the 1859 Liberty Seated Dollar primarily used for international trade?
The 1859 Liberty Seated Dollar was mostly used for international trade to support growing demand in Asia. Many coins were sent to India and China as part of U.S. export efforts.
How many 1859 Liberty Seated Dollars were minted in total?
A total of 256,500 Liberty Seated Dollars were minted in 1859, with an additional 800 Proof coins produced for collectors.
What is the value of a high-grade 1859 Liberty Seated Dollar?
In high grades, like Mint State (MS64 and above), the 1859 Liberty Seated Dollar can sell for $10,000 to $20,000 or more, depending on condition and toning.