The 1855 Liberty Seated Dollar is a highly prized coin among collectors and numismatists, especially those with an interest in mid-19th-century American silver coinage. With its elegant design, historical significance, and limited mintage, this coin stands out as a key piece in the collection of any serious numismatist. Whether you’re a seasoned collector or a beginner in the world of coins, understanding the 1855 Liberty Seated Dollar’s value, features, and rarity is crucial.
The Liberty Seated Dollar Design
The Liberty Seated Dollar was designed by Christian Gobrecht, who was also responsible for other iconic American coin designs such as the Liberty Head designs on gold coins. First introduced in 1840, the design features Lady Liberty seated on a rock, with her left hand resting on a shield bearing the word “LIBERTY” and her right hand holding a pole with a Phrygian cap (a symbol of freedom). Around Liberty, thirteen stars representing the original colonies encircle the design. The reverse displays a bold eagle, with wings spread wide, holding arrows and an olive branch in its talons.
In 1855, the reverse design was slightly modified to include a more pronounced eagle and the addition of a large, centered “UNITED STATES OF AMERICA” inscription, which added to the coin’s appeal.
Mintage and Rarity
The 1855 Liberty Seated Dollar had a mintage of a little over 150,000 coins, which is considered moderate compared to other coins from the same period. However, due to the relatively high levels of circulation and the fact that many of these coins were either melted down or lost to time, the number of surviving examples in excellent condition is quite low.
The coin’s rarity increases with its grade. In lower grades (such as Good or VG), the value remains affordable, but when it comes to higher-grade specimens (like AU or MS), the price can significantly rise. The uncirculated coins of the 1855 Liberty Seated Dollar are especially rare, and those in mint-state condition can command significant premiums at auctions.
Value and Collectibility
The value of the 1855 Liberty Seated Dollar varies depending on its condition. Coins in Good or Very Good condition may sell for anywhere between $500 to $1,500. However, in Uncirculated grades or with exceptional luster, the price can rise drastically, with some examples fetching over $10,000 or more. A well-preserved coin with minimal wear and excellent eye appeal can be one of the most sought-after pieces in a collector’s set.
As a general rule, collectors often prioritize coins in higher grades, as they are more likely to hold their value and appreciate over time. The 1855 Liberty Seated Dollar, when found in top condition, is a fantastic addition to any collection and often sees strong demand at numismatic auctions.
Key Features to Look For
- Mintmark: The 1855 Liberty Seated Dollar was minted only at the Philadelphia Mint, so it does not have a mintmark. However, verifying the authenticity of the coin and confirming it was struck at Philadelphia can help authenticate the coin’s value.
- Striking Details: The quality of the strike can vary from coin to coin. Coins with strong strikes are particularly valuable. Check for well-defined features, especially on Liberty’s figure and the eagle on the reverse.
- Surface Condition: Examine the coin for signs of wear, scratches, or damage. Coins with few imperfections, scratches, or dents will be more valuable than those with heavy wear.
Conclusion
The 1855 Liberty Seated Dollar is an important piece in the history of American coinage. Its historical context, distinctive design, and limited mintage make it a valuable coin for collectors today. Whether you are adding to an existing collection of Liberty Seated coins or starting your journey into the world of U.S. silver dollars, the 1855 Liberty Seated Dollar is a must-have for any serious numismatist. If you are lucky enough to find a well-preserved specimen, it could be a valuable asset for your collection.
FAQs
What is the value of an 1855 Liberty Seated Dollar?
The value ranges from $500 to $1,500 in lower grades and can exceed $10,000 in mint-state condition.
Where was the 1855 Liberty Seated Dollar minted?
The 1855 Liberty Seated Dollar was minted only at the Philadelphia Mint, so it does not carry a mintmark.
How can I tell if my 1855 Liberty Seated Dollar is authentic?
Verify its authenticity through a reputable grading service, check the strike details, and ensure it shows minimal wear for higher-grade examples.