1862 Liberty Seated Dollar MS-62 NGC

1862 Liberty Seated Dollar MS-62 NGC

Seated Dollars are difficult to find in uncirculated grades. This example, graded MS-62 by NGC, comes from one of the lowest mintage Philadelphia issues of the series.

Coin Highlights:

  • Contains .7735 oz of Silver.
  • NGC has graded and guaranteed this coin as being in MS-62 condition.
  • Mintage of only 11,540 coins.
  • Obverse: Shows Liberty seated on a rock facing left while her right hand rests firmly above the shield of the United States. In her left hand is a pole with a Phrygian cap. Date below.
  • Reverse: Heraldic eagle with denomination below and no motto. As-struck die striations, characteristic of the issue, are visible in protected areas of the fields.

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This low-mintage Philadelphia No Motto issue is a better date in all grades, and is particularly tough in the MS grades. Because of financial upheaval related to the Civil War, production of Silver Dollars in Philadelphia was limited through most of the year, with sizable deliveries being made only twice, in July and August. As a result, 1862 saw only 11,540 dollars produced.

Of this small mintage, a mere 100 are estimated to remain in mint condition. While somewhat attainable in grades up to MS-64, Gem examples are thought to number in the low single digits.

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