Price Guide for 1842 Dollar Variants
This guide presents price ranges for variants from three sources: eBay sales, third-party auctions, and PCGS guides. Values are shown for various conditions, allowing collectors to compare across different market segments. Price estimates may vary between sources, especially for rarer variants.
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3rd Party PriceCirculated: $63.00 – $15,000.00Uncirculated: $7.35 – $24,675.00
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eBayCirculated: $31.00 – $1,995.00Uncirculated: $2,450.00 – $6,000.00
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PCGS Price GuideCirculated: $250.00 – $2,500.00Uncirculated: $3,250.00 – $30,000.00
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3rd Party PriceCirculated: $1,955.00Uncirculated: $130.00 – $86,250.00
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PCGS Price GuideUncirculated: $20,000.00 – $95,000.00
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3rd Party PriceCirculated: $360.00
Design and Specifications of the 1842 Dollar
The 1842 Seated Liberty Dollar was part of the Seated Liberty series, which began in 1840 and continued until 1873. This coin represents an important period in American numismatic history, as it was minted during a time when silver dollars were primarily used in international trade rather than domestic circulation.
The Seated Liberty design, created by Christian Gobrecht, was widely used across various denominations and is considered one of the classic American coin designs of the 19th century.
| Weight | 26.73 grams |
|---|---|
| Diameter | 38.1 mm |
| Mint Marks | Philadelphia (no mint mark), New Orleans (O) |
| Composition | 90% silver, 10% copper |
| Obverse Design | Seated Liberty design, depicting Liberty seated on a rock, holding a shield with her right hand and a pole with a liberty cap in her left hand, designed by Christian Gobrecht |
| Reverse Design | Heraldic eagle with shield, olive branch, and arrows, designed by Christian Gobrecht |
Rarity Factors and Value Drivers
The condition of an 1842 Dollar significantly impacts its value. Uncirculated examples are extremely rare and highly prized by collectors. Even in lower grades, these coins command substantial premiums due to their age and historical significance.
Coins with original mint luster and minimal contact marks are especially desirable. The presence of attractive natural toning can also increase the coin’s appeal and value to collectors.
Mintage: 184,618
Rarity Scale: Scarce
Circulation Status: Limited Circulation
Preservation Rarity: Rare in grades MS65 and above
Varieties Errors: None significant
Market Demand: High, due to its historical significance and relative scarcity
Mintage: 59,000
Rarity Scale: Rare
Circulation Status: Limited Circulation
Preservation Rarity: Very rare in grades MS65 and above
Varieties Errors: None significant
Market Demand: High, particularly sought after by collectors due to its rarity and mint mark
Strike quality is a crucial factor for 1842 Dollars. Well-struck examples with full details on Liberty’s head and the eagle’s feathers are more valuable. The New Orleans mint issues are particularly prone to weak strikes, making strong examples even more desirable.
The presence of prooflike surfaces can significantly increase a coin’s value, as can any unusual die characteristics or variations. Additionally, provenance from notable collections can add a premium to the coin’s value.
