Price Guide for 1848 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: $236.00 – $5,288.00Uncirculated: $10.50 – $63,250.00
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eBayCirculated: $32.00 – $2,500.00Uncirculated: $288.00
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PCGS Price GuideCirculated: $600.00 – $6,500.00Uncirculated: $7,500.00 – $200,000.00
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3rd Party PriceCirculated: $863.00 – $7,050.00Uncirculated: $135.00 – $161,000.00
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PCGS Price GuideCirculated: $4,500.00 – $10,000.00Uncirculated: $14,000.00 – $135,000.00
Design and Specifications of the 1848 Dollar
The 1848 Seated Liberty Dollar was minted during a significant period in American history. This year marked the beginning of the California Gold Rush, which would have a profound impact on the nation’s economy and coinage. The Seated Liberty design, introduced in 1836, continued to be used on silver dollars, showcasing the consistent artistic direction of the U.S. Mint during this era.
| Weight | 26.73 grams |
|---|---|
| Diameter | 38.1 mm |
| Mint Marks | No mint mark (Philadelphia) |
| Composition | 90% silver, 10% copper |
| Obverse Design | Seated Liberty, designed by Christian Gobrecht |
| Reverse Design | Heraldic eagle, designed by Christian Gobrecht |
Rarity Factors and Value Drivers
The condition of the 1848 Dollar significantly impacts its value. Due to its low mintage and age, finding high-grade specimens is extremely challenging. Coins in Uncirculated condition (MS60 and above) are exceptionally rare and highly prized by collectors.
The strike quality can vary, with some coins showing weakness in certain areas, particularly on the eagle’s wings and claws. Well-struck examples with full details command a premium. Original luster is highly desirable, and coins with attractive, natural toning can see increased demand from collectors.
Mintage: 15,000
Rarity Scale: Rare
Circulation Status: Limited Circulation
Preservation Rarity: Extremely rare in grades MS65 and above
Varieties Errors: None significant
Market Demand: High, especially for well-preserved specimens
The 1848 Dollar is considered a key date in the Seated Liberty series due to its low mintage of only 15,000 pieces. This scarcity makes it highly sought after by collectors and investors alike.
The historical significance of the year, coinciding with the start of the California Gold Rush, adds to its appeal. Provenance can play a role in value, with coins from well-known collections or with a documented history potentially commanding higher prices.
As with many 19th-century silver coins, the 1848 Dollar is susceptible to cleaning and environmental damage. Original, problem-free examples are particularly valuable and increasingly difficult to locate.
