We may never know what its real mintage was when you subtract the melted coins from the 160,000 produced but we do know that the no arrows 1853-O is a lot better than many realize.Place an ad to buy or sell coins online in our classifieds section. Call (800) 375-9006 to order 1853 Liberty Seated Half Dime AU-50 NGC (Arrows) at APMEX. The Seated Liberty designs appeared on most regular-issue silver United States coinage during the mid- and late-nineteenth century, from 1836 through 1891, so 1837 - 1873 also on the Half Dimes.
We offer competitive Silver prices on Liberty Seated Half Dimes (1837-1873) and secure 24/7 online ordering. Silver Melt: $1.64 Value: As a rough estimate of this coins value you can assume this coin in average condition will be valued at somewhere around $16, while one in certified mint state (MS+) condition could bring as much as $675 at auction. It lists for $285 in G-4, $6,450 in MS-60 and $27,500 in MS-65 and with good reason as it was a low mintage date from New Orleans.Coins from New Orleans are notoriously tough when it comes to Mint State. By the time of the Civil War, so little was made on the production of silver coins that it looked as if melting and exporting would resume if the silver price continued to climb. The gold discovery in California had upset the traditional gold to silver ratio. There had been no silver coins in circulation for a couple of years. Initially, Congress seemed interested in attempting to study the problem to death considering, among other things, a two and a half cent coin. Only Philadelphia and New Orleans produced the issue, and the New Orleans pieces are significantly scarcer than their Philadelphia counterparts. Officials agreed that the new, lower weight coins should have some distinctive design or mark that would enable the general populace to easily distinguish them from the earlier Gobrecht-Hughes designed Seated Liberty coinage that contained a greater amount of silver. Eye appeal is in high demand on Liberty Seated Half Dimes and care should be taken to spot the many artificially toned coins grade Mint State. It lists at just $20.75 in G-4 while an MS-60 is $310 and an MS-65 at $3,260. Christian Gobrecht designed the obverse of these coins. This page also shows coins listed for sale so you can buy and sell. If they did not try to do something to solve the coin shortage, they were not doing their job as the only thing most mints do is produce coins. The mints were really placed in a difficult position.
That meant a new half dime and to show the change, arrows were added at the date. Rather, Arrows half dimes and all silver coins were hoarded during the Civil War simply because the coins had silver in them in any amountthis was how great uncertainty was on the part of the general populace regarding the outcome of the War.
New Orleans managed a production of just 160,000 half dimes when the order came that the silver content had finally been reduced by Congress. Type: Liberty Seated Dime Year: 1853 Mint Mark: No mint mark Face Value: 0.10 USD Total Produced: 12,078,000 [ Silver Content: 90% Silver Weight: 0.0723 oz. 1858 P Seated Liberty Half Dime: Coin Value Prices, Price Chart, Coin Photos, Mintage Figures, Coin Melt Value, Metal Composition, Mint Mark Location, Statistics & Facts. The branch mints functioned on tight budgets and if they could save some silver, it was foolish not to melt down whatever silver coins they had as they would make far more silver coins of the new size.For the collector today, the no arrows 1853-O is simply not available in any numbers in any grade. If they did produce and release the coins, the public would just hoard them anyway.As 1853 dawned, both Philadelphia and New Orleans made coins, although in modest numbers. The 1870-S Seated Half Dime value is currently at 1.75 million so the next one to surface will make the owner an instant millionaire! Seated Liberty Half Dime Better struck examples with good eye appeal will command higher Liberty Seated Half Dime Value compared to the current average retail prices. The issue of fiduciary coinage would be debated for the next century, but it was the Arrows coinage of 1853-55 that fired the opening shot in the controversy that was not fully resolved until all precious metal was finally removed from circulating coinage in 1970.U.S. Silver Coins: When They Ended and What They’re Worth However, the profit the Mint made on the production of these coins (or seignorage as it is known) was minimal, and rising silver prices through the remainder of the 1850s made the Mint’s profits less and less.
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