The 1871 Liberty Seated Dollar holds a special place in American numismatics, representing a period of transition and economic change. With a mintage of 1,074,760 coins from the Philadelphia Mint and a rare 1,376 coins from the Carson City Mint, this silver dollar offers both historical significance and challenges for collectors.
Production Overview
In 1871, the United States Mint operated in three locations: Philadelphia, Carson City, and San Francisco. However, only Philadelphia and Carson City produced Liberty Seated Dollars that year. The Philadelphia Mint’s significant output makes the 1871 issue relatively accessible in comparison to other years, though high-grade examples remain scarce. Meanwhile, the Carson City issue is a rarity, treasured by collectors for its low mintage.
Total Mintage:
- Philadelphia Mint: 1,074,760
- Carson City Mint: 1,376
Mint State Rarity:
While the 1871 Liberty Seated Dollar from Philadelphia is one of the more common issues in Mint State, true Gem-quality specimens (MS65 and above) are scarce. Most survivors fall within the MS62 to MS64 range, with eye appeal varying significantly.
Key Dates of Production
Production occurred throughout the year, with notable quantities struck on specific days:
- January 30: 16,000 coins
- April 28: 23,500 coins
- July 8: 24,000 coins
- August 11: 26,000 coins
- December 26: 24,000 coins
Interestingly, many of these coins were exported for international trade, adding to the challenges of finding high-quality examples today.
Market Insights and Notable Specimens
Top examples of the 1871 Liberty Seated Dollar command high prices, reflecting their rarity and historical importance. Here are some standout auction results:
- PCGS MS65 CAC: Sold for $31,725 (Legend Rare Coin Auctions, 2020).
- PCGS MS65: Realized $47,000 at Stack’s Bowers (2017).
- PCGS MS65 CAC (Gardner Collection): Achieved $57,281 at Heritage Auctions (2014).
Even in lower Mint State grades, well-preserved examples with strong eye appeal are highly sought after, particularly those with attractive toning or provenance from renowned collections.
Design Details
Obverse:
The obverse, designed by Christian Gobrecht, features Liberty seated on a rock, holding a Liberty pole in her left hand and balancing a shield inscribed “LIBERTY” in her right. Thirteen stars encircle Liberty, representing the original colonies, with the date 1871 below.
Reverse:
The reverse displays an eagle with partly spread wings, clutching an olive branch and three arrows. Above the eagle is a ribbon inscribed “IN GOD WE TRUST.” The legend “UNITED STATES OF AMERICA” arches around the top, with the denomination “ONE DOL.” at the bottom.
Specifications:
- Composition: 90% Silver, 10% Copper
- Weight: 26.73 grams
- Diameter: 38.10 mm
- Edge: Reeded
Collecting Tips
When seeking an 1871 Liberty Seated Dollar:
- Focus on eye appeal: Look for coins with clear, well-struck details and attractive toning.
- Check provenance: Coins from famous collections or with CAC certification often carry premium values.
- Consider market trends: The value of these coins can fluctuate based on overall demand for Seated Liberty series and market conditions.
Conclusion
The 1871 Liberty Seated Dollar remains a cornerstone of 19th-century American coinage. Its combination of historical significance, rarity (especially the Carson City issue), and classic design makes it an essential piece for serious collectors. As interest in this series continues to grow, securing a well-preserved example today could prove a valuable investment for the future.
1871 Liberty Seated Dollar: Frequently Asked Questions (FAQ)
1. What is the 1871 Liberty Seated Dollar?
The 1871 Liberty Seated Dollar is a silver coin struck by the United States Mint as part of the Seated Liberty series. Designed by Christian Gobrecht, it features Lady Liberty seated on a rock on the obverse and an eagle with outstretched wings on the reverse.
2. Where was the 1871 Liberty Seated Dollar minted?
The coin was minted at two locations:
- Philadelphia Mint: 1,074,760 coins
- Carson City Mint: 1,376 coins
No coins were produced at the San Francisco Mint in 1871.
3. How rare is the 1871 Liberty Seated Dollar?
While the Philadelphia issue is relatively common compared to other Seated Dollars, high-grade examples (MS65 and above) are scarce. The Carson City version, with only 1,376 minted, is extremely rare and highly coveted by collectors.
4. What are the key design features of the 1871 Liberty Seated Dollar?
- Obverse: Liberty seated on a rock, holding a Liberty pole with a cap and balancing a shield inscribed with “LIBERTY.”
- Reverse: An eagle with partly spread wings, clutching an olive branch and three arrows, with “IN GOD WE TRUST” above.
- Edge: Reeded
5. What is the composition and weight of the 1871 Liberty Seated Dollar?
- Composition: 90% silver, 10% copper
- Weight: 26.73 grams
- Diameter: 38.10 mm
6. How much is an 1871 Liberty Seated Dollar worth?
The value depends on factors like condition, rarity, and eye appeal:
- Common grades (MS62 to MS64): Range from $3,000 to $10,000
- Gem-quality (MS65 and above): Can fetch $30,000 to $60,000 or more
- Rare Carson City issues: Worth significantly more due to their low mintage
7. Are there any notable specimens of the 1871 Liberty Seated Dollar?
Yes, several high-profile examples have sold at auction:
- PCGS MS65 CAC: Sold for $57,281 (Eugene H. Gardner Collection, Heritage Auctions, 2014).
- PCGS MS65: Achieved $47,000 at Stack’s Bowers (2017).
8. What should collectors look for when buying an 1871 Liberty Seated Dollar?
- Condition: Look for coins with minimal wear and strong eye appeal.
- Certification: Coins graded by reputable services (PCGS or NGC) are preferred.
- Provenance: Coins from famous collections or with CAC approval often command premiums.
9. Why were many 1871 Liberty Seated Dollars exported?
A significant portion of the mintage was used as trade coins for international commerce, particularly in Asia. This exportation contributed to the scarcity of well-preserved examples today.
10. How can I authenticate an 1871 Liberty Seated Dollar?
- Certification Services: Use reputable services like PCGS or NGC.
- Examine the details: Check for correct weight, diameter, and design elements.
- Consult experts: Seek guidance from trusted numismatic dealers or collectors.