1856





General Comments


1856 is a semi-key date in the Liberty Seated Dollar series. Its mintage, low by general standards, but mid-range by seated dollar standards, doesn’t properly indicate its rarity. With a mintage ranking of 30th out of 47 the collector would expect that it would be easy to locate, but that’s usually not the case. It can be found with patient searching, but it’s not readily available.

Mint state examples are truly rare. The finest known examples are MS64. Current population reports show three MS64 examples at PCGS, another two at NGC. Even with only 5 reported its very possible that one or two of these are re-submissions. An additional ten examples are graded MS63, six at PCGS and four at NGC. A total of 33 coins have been graded mint state by the two major services, making this one of the toughest coins in the series in high grades. Population statistics are as of February, 2017.

The finest known proof is a single PR67 Cameo graded by NGC. Four coins have been graded PR66, one by PCGS and three by NGC. The PCGS coin is PR66+, the highest graded by that service. NGC has also graded 6 coins PR65. PCGS has graded three at that level. Several of these gem examples are almost surely re-submissions. Twenty-eight coins have been graded PR64, eleven at PCGS, seventeen at NGC. A total of 69 coins have been graded as problem-free proofs by the two major grading services. Population statistics are as of February, 2017.


Mintage 63,600
Proof mintage 80 estimated
Mintage ranking 30th
Finest known MS64
PR67 Cameo
Known obverse dies 2
Known reverse dies 2
Known die marriages 2
Most common die marriage OC-1/ R2
Rarest business strike die marriage OC-1/ R2
Rarest die marriage OC-P2/ R5
1856 examples can be found with strikes that vary from good to very sharp. Star centrals and hair detail are generally sharp. Some examples show slight weakness on the eagle’s leg feathers. Fully struck examples can be found with patient searching. High-grade business strikes are sometimes prooflike but more often frosty.

1856 Die Marriages

The following table summarizes the known 1856 die marriages, with specific comments following.

Die Marriage

Rarity

Obverse Die

Reverse Die

Estimated Survivors

OC-1 R2 1 A 600
OC-P1 R5 P1 PA 50

A single die pair was used to strike all business strikes. We’ve identified this die pair as OC-1. Neither die was used for proofs. No clash marks have been observed, but the reverse is normally heavily cracked. We’ve seen two examples with perfect dies, but this die state seems to be extremely rare. OC-1 is a very interesting die marriage. The obverse die has long been identified as an overdate. Many early references called it 1856/4. Breen included this variety in his Encyclopedia (reference 20) as Breen 5454 and listed it as “extremely rare”. He also included a normal date variety, Breen 5453. In 2012 we determined that the 1856/4 is actually a repunched date, 1856/6, with the underlying 6 rotated by approximately 45 degrees. Our findings were documented in an article in the Gobrecht Journal (reference 12). Moreover, it’s the ONLY 1856 variety. Only one die was used for all issues, with the early die states clearly showing the under-digit, the late states less so. We’ve included this variety (early die state only) as one of our Top-30.

The single proof variety, OC-P1, paired a unique obverse die with a reverse die that was used again in 1857 and 1858, and subsequently for several restrikes. It’s a rare proof, with only 50 or so estimated survivors. Attribution of proofs is simple since the date shows none of the repunching that’s characteristic of the business strikes.

1856 Business Strike Emission Sequence


With only one business strike die marriage the emission sequence isn't terribly interesting.

Emission Order

Die Marriage

Comments

1 OC-1


1856 Proof Emission Sequence


The proof emission sequence is just as interesting as the business strike sequence.

Emission Order

Die Marriage

Comments

1 OC-P1


1856 Quick Finder Chart


With only a single die pair attribution is easy. The only difficulty is separating proofs from business strikes.

Die Marriage

Obv. Die

Rev. Die

Right Base
of 1

Keys to Identification

OC-1 1 A RE Obverse:   Base of 1 is RE. Notable repunching on the 6.
Reverse:   Lumps extend from the left edge of the left wing. Most die states exhibit numerous die cracks.
OC-P1 P1 PA JL of RE Obverse:   Base of 1 is JL of RE. Perfect 6, NO repunching.
Reverse:   Die rust lumps on the L in DOL and first S in STATES.


Photo credits:

Obverse and reverse full photos: PCGS PR63, from the Heritage archives.


Copyright © 2015, by Dick Osburn and Brian Cushing, All rights reserved.