Russell Augustin

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Liberty Seated Dollars

When silver dollar production resumed in 1840, Christian Gobrecht’s "Seated Liberty" design was used on the obverse. From 1840 to 1873, a total of 6,590,721 Seated Liberty dollars were minted at the Philadelphia, New Orleans, Carson City, and San Francisco Mints. For context on their scarcity, 40 individual Morgan Dollar dates have higher mintages than the entire Seated Liberty dollar production. Many of these dollars were exported and melted for bullion, as was common with earlier silver dollars. The series ended in 1873 due to declining silver prices and low demand for large silver coins. There are two major varieties of the Seated Liberty dollar, No Motto, 1840-1865 and With Motto 1866-1873. The rarest Seated Liberty dollars include the "Original" 1851 and 1852 issues, with just over 1,000 coined, later restruck due to collector demand. The 1858 issue had about 80 proofs struck, with none for circulation. The 1870-S mintage is unknown, but fewer than a dozen are known to exist. Only two Proof 1866 No Motto Dollars, dubbed "fantasy" coins, are known. The 1873-S, with 700 officially struck, is considered uncollectible as none are known to exist in collections today.

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