USA 1 dollar Seated Liberty 1868
USA, Philadelphia
Rarity
Scarce
Attributes of Coins
| Region | USA |
|---|---|
| Denomination | 1 dollar |
| Krause number | KM# 100 |
| Mintage | 162,100 |
| Metal | Silver 0.900 |
| thickness | 2.8 mm |
| diameter | 38.1 mm |
| weight | 26.73 g |
Obverse:
Liberty
Star
Creators:
Christian Gobrecht
LIBERTY
Reverse:
Coat of arms
Creators:
Christian Gobrecht
ONE DOL.
UNITED STATES OF AMERICA
Introduction of Coins
The production of silver dollars rose dramatically in 1868 and for the next several years. This reflected a renewed attempt to get Chinese merchants to accept American dollars at par with the Mexican coins favored in the Far East. The urgency of this action was prompted by an increase in the premiums charged by Mexican mints for their products, which severely cut into profits in the overseas trade. This effort to gain acceptance of American standard silver dollars ultimately proved futile, and it led to the termination of their production in 1873 in favor of the new trade dollar having a higher bullion value. The vast majority of 1868 silver dollars were shipped to Asia, but precious few of them ever returned. Nearly all were rendered into bullion, making this issue much more scarce than its mintage suggests. Mint State examples are genuinely rare, while most circulated pieces are only lightly to moderately worn. Three obverse dies were paired with three reverses in several combinations, resulting in a total of five die marriages. None of the reverse dies were utilized with other dates. Marriages OC-1 and OC-2 each feature different obverse dies having an errant numeral 6 visible within the denticles.Read More
