Overrated / Underrated Liberty Seated Coins Dennis Fortier With Bill Bugert Steve Crain Gerry Fortin John Frost Greg Johnson Joe Kirchgessner Dick Osburn

Liberty Seated Collectors Club Terminology What does overrated or underrated mean? – Commonly refers to prices being asked for a given issue Seven denominations in Liberty Seated Series – Half Dimes to Trade Dollars – From as early as 1837 to 1891 Page 2

Liberty Seated Half Dimes By Stephen Crain LSCC #1017

Liberty Seated Collectors Club Overrated Liberty Seated Half Dimes 1861/0 – does not exist, the result of defective Punch 1840-O No Drapery – more available than prices indicate 1844 (V3) Repunched Date – other die marriages more scarce 1854 Date overlaps Base – interesting but not scarce 1858 Over Inverted Date – a favorite of the series, scarce but available Page 4

Liberty Seated Collectors Club Underrated Liberty Seated Half Dimes 1839-O (V1) Large O – rarer than current prices indicate, just two known in AU 1848-O Small O (V4 and V5) – V4 scarce and V5 rare, especially in XF and above 1858 Double Date – very few examples known, a sleeper! 1868 and 1869 – just as difficult as the well- known 1863 to1867-P dates Page 5

Liberty Seated Dimes By Gerry Fortin LSCC #1054

Liberty Seated Collectors Club Overrated Liberty Seated Dimes 1842-O up to AU – more available and overpriced 1844 Good to Very Fine – hoarded and more available than mintage would suggest 1871-CC to 1874-CC – many problem coins in third- party grading service holders, with problems not noted Page 7

Liberty Seated Collectors Club Underrated Liberty Seated Dimes 1847 in AU or better – very challenging 1851-O in AU or better – locating a choice problem-free AU could take years Problem-free 1871-CC to 1874-CC – very few higher- grade problem free coins can be located, especially with CAC approval Page 8

Liberty Seated Twenty Cents By John Frost #2005

Liberty Seated Collectors Club Overrated Twenty Cents 1875-CC, especially in low grades – Many examples available at most shows – the CC mintmark is the key to its high cost, not scarcity Page 10

Liberty Seated Collectors Club Underrated Twenty Cents 1875 and 1876 Philadelphia issues – Very low mintages in a series collected mostly by Type Page 11

Liberty Seated Quarters By Greg Johnson LSCC #1460

Liberty Seated Collectors Club Overrated Liberty Seated Quarters 1842-O Small Date – Fine to XF examples are more available than expected 1854-O Huge O – several available at most larger shows 1873 No Arrows, Closed 3 – more available than thought Page 13

Liberty Seated Collectors Club Underrated Liberty Seated Quarters 1840 – nice examples a good value at current prices 1843-O – bid to new highs in AU, mid-grade examples unavailable in the market 1873 No Arrows, Open 3 – sells for less than Closed 3 and much harder to find Page 14

Liberty Seated Half Dollars By Dennis Fortier LSCC #2016 With Bill Bugert LSCC #455

Liberty Seated Collectors Club Overrated Liberty Seated Half Dollars 1839 No Drapery – half-year type, not rare at all 1842-O Small Date – rare, but overrated at current prices 1846 over Horizontal 6 – popular, but not rare 1846 Tall Date – not rare, but getting pricey 1853, 1853-O Arrows & Rays – Type collectors drive the price 1854, 1854-O, 1855, 1855-O, Arrows – type collectors again 1861-O CSA Obverse – not rare, but very popular – Civil War dates that are in great demand 1866-S No Motto – available in all grades with Arrows and Motto – type collectors again – ultra low mintages, but higher survival than other scarce issues with much higher mintages Page 16

Liberty Seated Collectors Club Underrated Liberty Seated Half Dollars 1841 – low mintage, gets little notice 1842-O Medium Date – overshadowed by 1842-O Small Date 1845 – quietly under the radar 1847/6 – a great rarity of the series, pricey but still underrated 1849 Dramatic Double Date – only 30 examples known, if series more collected prices would be higher 1857-O, 1859-S, 1860-S, 1866, 1868 – modest mintages unnoticed 1871-CC – unheralded, low mintage, Carson City issue 1872-S – good buy at current prices 1873 No Arrows, Open 3 – rare variety of series, still underpriced 1873-S – prices rising, but still underpriced 1874-S – prices on the rise, don’t wait 1875-CC – problem-free high grade pieces difficult to find 1878-CC – very underrated, problem-free examples difficult Page 17

Liberty Seated Dollars By Dick Osburn LSCC #717

Liberty Seated Collectors Club Overrated Liberty Seated Dollars 1858 – overvalued on basis of scarcity, but proof-only status insures that will not change Page 19

Liberty Seated Collectors Club Underrated Liberty Seated Dollars 1848, 1850, 1857, 1859, 1859-S, 1860, 1861, 1862, 1863, 1864, 1865, 1866, 1867, 1870-CC, 1872-S, 1873 Almost the entire series is underrated at current prices – Seated Dollars haven’t been heavily collected, scarce to rare Page 20

Trade Dollars By Joe Kirchgessner LSCC #1560

Liberty Seated Collectors Club Overrated Trade Dollars 1875-CC Type I/II reverse – available in lower grades, rare in mint state 1875-S/CC, FS-501 – rare but nice coins always seem to be on the market 1876-CC Doubled Die Reverse – always available 1877 Doubled Die Obverse – tough but still overrated 1877-CC – available in all grades 1877-S Doubled Die Reverse, FS-802 – available, but tough in mint state 1878-S Doubled Die Reverse – available in circulated grades, tough in mint state Page 22

Liberty Seated Collectors Club Underrated Trade Dollars 1873-CC – XF and better tough to locate 1875 Type I/I – very difficult all grades 1875-S/CC, FS-502 – few high grade examples known 1876 II/II – difficult in all grades 1876-CC I/I – tough in all grades 1876-S II/II Doubled Die Obverse – rarest of all varieties, still underrated 1877-S Doubled Die Reverse, FS-801 – extremely challenging in all grades, with no mint state examples known 1878-CC – series key, always tough Page 23

Thank you to all the Liberty Seated experts who gave of their time and expertise