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Liberty Seated Dollars Dick Osburn. Liberty Seated Collectors Club Founded during 1973 in Bal Harbour, Florida Kam Ahwash and John McCloskey past presidents.

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Presentation on theme: "Liberty Seated Dollars Dick Osburn. Liberty Seated Collectors Club Founded during 1973 in Bal Harbour, Florida Kam Ahwash and John McCloskey past presidents."— Presentation transcript:

1 Liberty Seated Dollars Dick Osburn

2 Liberty Seated Collectors Club Founded during 1973 in Bal Harbour, Florida Kam Ahwash and John McCloskey past presidents 600+ members who enjoy seated coinage Liberty Seated coinage experts Research, education and social interactions Dues are $20 per year. ~ 20 Regional Meeting events per year Page 2 2014 – 2015 Officers Gerry Fortin, President Len Augsburger, Vice President Craig Eberhart, Secretary/Treasurer Bill Bugert, Publications Editor

3 Liberty Seated Collectors Club Award-winning Publications Gobrecht Journal Published 3 times per year Bill Bugert, Editor Detailed Research, Collecting Notes, Club Member Stories All Color – November 2014 E-Gobrecht Published Monthly Bill Bugert, Editor Club News, Auction Results. Short Articles, Monthly Columns Quick and Easy Publishing

4 Liberty Seated Collectors Club Regional Meetings Social opportunities ~20 events annually nationwide – FUN, ANA, Baltimore, Long Beach, Manchester NH, CSNS, Denver, Bay State, Ohio State Show, CONA Page 4

5 Liberty Seated Collectors Club Hall of Fame, Publishing Awards Hall of Fame recognition HoF Committee annual review and voting LSCC HoF Members: Kamal Ahwash, John McCloskey, Al Blythe, Randy Wiley, Brian Greer, Gerry Fortin, Jim O’Donnell, Eugene Gardner Annual publishing awards Ahwash Award – Best Gobrecht Journal article as voted by membership E-Gobrecht Editor’s Award – Key contribution to monthly newsletter Page 5

6 Liberty Seated Collectors Club Christian Gobrecht 1785: Born in Hanover, PA Clockmaker, inventor, die maker and engraver 1811: Moved to Philadelphia 1823: Applied for Chief Engraver 1835-1840: Second Engraver 1840-1844: Chief Engraver Patterns, medals, regular issue Liberty Seated coinage Page 6

7 Liberty Seated Collectors Club Liberty Seated Dollars Page 7

8 Liberty Seated Collectors Club Seated Dollars are scarce items! Only 6.5 million struck total during the entire series – Less than 1/100 the number of Morgan Dollars struck! One for every 1878-P Morgan dollar alone had over 10 million struck! Page 8

9 Liberty Seated Collectors Club Two Major Design Sub-types No Motto (1840-1865) With Motto (1866-1873) 1866 Fantasy Piece

10 Liberty Seated Collectors Club Plenty to Collect Two major types 34 dates 45 dates and mintmarks About 50 varieties, mostly minor, but some very interesting − Repunched dates − Doubled dies − Misplaced Dates (MPDs) 200+ die marriages (including proofs) Moderate cuds and die cracks

11 Liberty Seated Collectors Club Varieties Major Varieties (samples) 1842 MPD 1844 DDO and MPD 1856/6 1867/1867 large/small date MPDs: 1869, 1871, 1872 DDRs: 1872 and 1873 Interesting die states – 1842 with 3 obverse rim cuds (also 1 and 2 cuds) 1844 DDO, MPD

12 Liberty Seated Collectors Club 1842 With 3 Rim Cuds

13 Liberty Seated Collectors Club Also a Misplaced Date Cud 2 in Rock

14 Liberty Seated Collectors Club Legendary Rarity – 1870-S Dollar In a series loaded with rarities, one stands alone, the legendary 1870-S dollar No record of mintage, except a note discovered in 2004 about coining one for the Cornerstone of the new Mint The coins started showing up in circulation in the 1870s Rarer than 1804 dollars, between 9-12 are known Photos courtesy of Heritage Auctions

15 Liberty Seated Collectors Club Difficult Dates and Stoppers Expensive dates: Most Stoppers: 1851 (about 50 known) 1852 (about 50 known) 1858 (proof only) Most CCs The BIG Stoppers: 1870-S (9-12 known) 1866 No Motto (Fantasy piece, 2 known)

16 Liberty Seated Collectors Club Overrated Liberty Seated Dollars 1858 – overvalued on basis of scarcity, but proof-only status insures that will not change Page 16

17 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 17

18 Liberty Seated Collectors Club Typical Costs and Time Required Page 18 CollectionG-FF-XFXF-AUMS63 Common date$350 / 1 coin show $550 / 1 coin show $900 / 1 coin show $4,500 / 2 coin shows Type set$700 / 1 coin show $1,100 / 1 coin show $1,800 / 1 coin show $18,000 / 3 coin shows Date-only set $65,000/ 10-20 years $100,000/ 2-5 years $140,000/ 2-3 years $375,000/ 5-10 years Date and Mintmark, minus 1870-S $85,000/ 10-20 years $150,000/ 2-5 years $225,000/ 2-3 years $1,000,000/ 5-15 years Date and Mintmark set, with 1870-S $525,000/ 10-20 years $775,000/ 2-5 years $1,250,000/ 2-3 years $3,500,000/ 5-15 years Proofs only by Date NA $225,000/ 3-5 years $2,000,000/ 3-5 years Date and Mintmark including Proofs NA $1,450,000/ 3-5 years $5,500,000/ 3-5 years

19 Liberty Seated Collectors Club References Page 19 1.The Gobrecht Journal. Three times yearly publication of the Liberty Seated Collector’s Club. 2.The Gobrecht Journal, Collective Volumes 1-5. Published by the Liberty Seated Collector’s Club. 3.Breen, Walter, Walter Breen’s Complete Encyclopedia of U. S. and Colonial Coins. New York: F. C. I. Press, Inc. and Doubleday, 1988. 4.Breen, Walter, Walter Breen’s Complete Encyclopedia of U. S. and Colonial Proof Coins. New York: F. C. I. Press, Inc. and Doubleday, 1977. 5.Q. David Bowers, Silver Dollars & Trade Dollars of the United States, A complete Encyclopedia, Bowers & Merena Galleries, 1993 6.Flynn, Kevin, Two Dates are Better Than One, A Collector’s Guide to Misplaced Dates. Rancocas, New Jersey: KCK Press, 1997. 7.Flynn, Kevin, The Authoritative Reference on Liberty Seated Dollars. Self-published, 2014. 8.Osburn, Dick, and Cushing, Brian, www.seateddollarvarieties.com Web book: A Register of Liberty Seated Dollar Varieties (In Progress)

20 Liberty Seated Collectors Club Future References Dick Osburn and Brian Cushing, A Register of Liberty Seated Dollar Varieties, self-published, scheduled for the summer of 2016 Q. David Bowers, A Guide Book on Liberty Seated Silver Coins – And their era, Whitman Publishing LLC, scheduled for autumn of 2015 Page 20

21 www.LSCCweb.org Thank you! Any questions?


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