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Circulated 1856 and 1857 liberty seated dollars

These two coins are very interesting in that they are priced much lower than the 1854 and 1855 dollars, yet are very scarce in all circulated grades. These dates don't have the much higher proof mintages of the 1859 and later Philadelphia issues, so there is not a situation in which more proofs are available in relation to circulation strikes. Any comments about these dates would be appreciated.

Comments

  • tradedollarnuttradedollarnut Posts: 20,233 ✭✭✭✭✭
    The 1856 has been underrated for a long time and is on par with the 1854 and 1855 from what I've observed. The 1857 is [relatively speaking] easy to find.
  • RichieURichRichieURich Posts: 8,565 ✭✭✭✭✭


    << <i>The 1856 has been underrated for a long time and is on par with the 1854 and 1855 from what I've observed. The 1857 is [relatively speaking] easy to find. >>



    IMO the 1854 is the toughest one of these issues, then the 1855, then the 1856, then the 1857. All of these are tougher than any of the Philly issues from 1859 to 1873.

    An authorized PCGS dealer, and a contributor to the Red Book.

  • SG58SG58 Posts: 63 ✭✭✭
    In my opinion, it is harder to find a circulated 1857 dollar than a circulated 1856 dollar. These dates practically do not exist in grades of Good to Fine.
  • RichieURichRichieURich Posts: 8,565 ✭✭✭✭✭
    I once owned an 1856 in Good, and I upgraded to a VF and sold the Good instantly for a profit. The 1857 in my set is a Fine.

    An authorized PCGS dealer, and a contributor to the Red Book.

  • This is good information. Thank you SG58 for an educational thread to someone just starting out with this series.
  • 291fifth291fifth Posts: 24,710 ✭✭✭✭✭
    The "mints" in China probably monitor this board and will soon be working to alleviate the shortage.image
    All glory is fleeting.
  • SG58SG58 Posts: 63 ✭✭✭
    I would love to buy circulated good to fine 1856 or 1857 dollars at Red Book or "Trends" prices any day. Try to find them at those prices!!! You can't.
  • RichieURichRichieURich Posts: 8,565 ✭✭✭✭✭


    << <i>I would love to buy circulated good to fine 1856 or 1857 dollars at Red Book or "Trends" prices any day. Try to find them at those prices!!! You can't. >>



    I sold a VF 1856 recently. Was the price over Trends and Redbook? Youbetcha.

    An authorized PCGS dealer, and a contributor to the Red Book.

  • rec78rec78 Posts: 5,875 ✭✭✭✭✭
    IMO the 1854 is the toughest one of these issues, then the 1855, then the 1856, then the 1857. All of these are tougher than any of the Philly issues from 1859 to 1873. image
    This has been my experience also. I was lucky to pick up a 1855 in F from Jim O'Donnell a few years ago. The 1856 and 1857 i got from auctions, I have yet to purchase an 1854. The 1857 seems to be the most assessable out of these dates but still hard to find a nice problem free example. Bob
    image
  • shirohniichanshirohniichan Posts: 4,992 ✭✭✭
    Good info.

    I found it odd that even though the 1873 is supposedly just as common as the 1871 and 1872, I find multiples of the '71 and '72 for every '73 I find.
    image
    Obscurum per obscurius
  • rec78rec78 Posts: 5,875 ✭✭✭✭✭
    I concur with shirohniichan--I have a 1871 and 1872 but no 1873 as i have not yet found an acceptable piece for my collection. Bob
    image
  • RichieURichRichieURich Posts: 8,565 ✭✭✭✭✭
    I agree with the last 2 posters - - the 1873 is much more difficult than the 1871 and 1872 which are common. The 1873 mintage is about one quarter of the other two dates, and since it was the last year, maybe some were melted before release. Many experts believe that at least one bag of the 1873-CC dollars were melted, and that accounts for why the 1873-CC is more expensive and scarcer than the 1871-CC despite the mintage being almost 1,000 coins higher. ANd of course we think all of the 1873-S Seated dollars were melted, if anyone has one to sell, please PM me.

    An authorized PCGS dealer, and a contributor to the Red Book.

  • speetyspeety Posts: 5,424
    In regards the the OP, I had the luck of being able to pick up a 1855 in PCGS XF-45 and a 1857 in PCGS AU-55 as some of my first coins of the series.

    RichieURich: the 73-cc is definately more then the 71-cc in circ grades. My 73-cc in XF-40 (should be 45+) costed twice as much as my 71-cc in XF-45. I will admit that the 73-cc is a better coin, but twice the cost for a lower holdered coin is a big difference. This makes me wonder how much the pop report is off since they are so similarily matched in Population for grades 40 and higher. image
    Want to buy an auction catalog for the William Hesslein Sale (December 2, 1926). Thanks to all those who have helped us obtain the others!!!

  • DoctorPaperDoctorPaper Posts: 616 ✭✭✭
    Here's what I've got. Not very pretty coins but they're pretty tough to find. Sorry about the amateurish photos. The reddish spot on the '56 is my old digital camera's laser range finder's reflection. Duh...
    image
    Wisconsin nationals: gotta love 'em....

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