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 Replies: 18 / Views: 5,631 |
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Rest in Peace
United States
17900 Posts |
As with most coins the price is usually influenced by popularity versus the number available.
Most of the need for SLD comes from type collecting.
Plus, they actually circulated, unlike the majority of Morgan's, for example.
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Valued Member
 United States
384 Posts |
Lol not detachable I meant non-details
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Pillar of the Community
United States
1499 Posts |
Quote:
Plus, they actually circulated, unlike the majority of Morgan's, for example. The Seated dollars did circulate, but they didn't circulate a lot. One reason was the problem with all silver dollars; people found them to be heavy and inconvenient to carry. Most Seated dollars grade VF or better, but Mint State examples, other than the 1859-O and 1860-O which came from a government hoard, are scarce. Another more important reason was their metal content. In 1853 the Congress lowered the weight of every silver coin, from the Half Dime to the half dollar, but NOT the silver dollar and placed arrows beside the date. Apparently there was a misguided notion that maintaining the weight of the silver dollar would help to preserve the integrity of the U.S. dollar overall. All that did was provide one more reason to drive the silver dollar out of circulation. I have no doubt that a fair number of Seated dollars were melted during this period because their melt value exceeded their face value. This is one more reason why the Seated dollars have a number of very scarce dates. |
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Pillar of the Community
United States
3343 Posts |
Because of belt buckles  "Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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Moderator
 United States
189502 Posts |
I need two for my Dansco 7070. Those are the last two holes in it. Yes, I certainly wish they were not so expensive.
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Bedrock of the Community
United States
94367 Posts |
Remember also that many Seated dollars no doubt went into the furnace along with their Morgan counterparts after passage of the Pittman Act in 1918. Of particular interest, several original bags of uncirculated 1859-O, 1860 and 1860-O dollars turned up during the Treasury release in 1964, which accounts for their (comparatively) low Unc prices today. Imagine the expressions on the faces of the random buyers who received them. |
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Pillar of the Community
United States
3210 Posts |
Agreed I need 2 for my type set too. Also a reeded edge half dollar 1836-1839.
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Pillar of the Community
United States
6370 Posts |
Because they are scarce and are needed to finish a type set. Demand drives up the price.
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Valued Member
United States
294 Posts |
Generally, circulation strikes are more expensive than proofs. Some less expensive circulation dates are the 1859-O and 1860-O.
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Pillar of the Community
United States
589 Posts |
Only 6.5 million liberty Seated dollars were minted among 47 separate issues as noted by weimar w. White author. Liberty Seated dollars were not generally saved by the government and worn out and mutilated pieces were melted yearly as were other silver and gold denominations. Author estimate that less than 30,000 presently exist in all conditions. |
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Moderator
United States
189502 Posts |
Quote:
Author estimate that less than 30,000 presently exist in all conditions.  |
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Valued Member
United States
275 Posts |
Neat fact, surprising to a newbie.
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Valued Member
United States
384 Posts |
Wow that's not a lot left!
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Bedrock of the Community
United States
17884 Posts |
Epecially spread among 47 date/mintmark issues. Then factor in the fact that a third of the entire series mintage was just in two dates (1871 and 1872 P mint coins) and you start to realize that considering their scarcity they are really NOT that expensive. If demand were to grow much at all prices would balloon.
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Moderator
United States
189502 Posts |
It explains not only the price, but the relative few choices I find at coin shows.
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Posted 01/30/2017 2:50 pm
