The 1861-S Seated Liberty Quarter, struck at the San Francisco Mint, is a fascinating piece of U.S. numismatic history. Minted during the early days of the Civil War, this coin holds both historical and collectible appeal. Its relatively low mintage, connection to a tumultuous period in American history, and scarcity in higher grades make it a sought-after coin among collectors.
The Seated Liberty Quarter Series
The Seated Liberty Quarter was first introduced in 1838 and remained in production until 1891. Designed by Christian Gobrecht, the coin features Lady Liberty seated on a rock, holding a shield inscribed with “LIBERTY” in her left hand and a staff topped with a Phrygian cap in her right. The reverse displays an eagle with a shield on its chest, clutching arrows and an olive branch—a design that symbolized strength and peace.
Historical Context of the 1861-S Quarter
The year 1861 was a defining moment in U.S. history, marking the start of the Civil War. As tensions between the North and South escalated, the need for coinage remained critical, particularly on the West Coast, where commerce relied heavily on hard currency.
Mintage and Rarity
The 1861-S Seated Liberty Quarter had a modest mintage of 96,000 coins, making it one of the scarcer dates in the series. Many of these coins were heavily circulated, as they were essential in an era when paper money was less trusted and less prevalent on the West Coast.
Survivors and Grades
The combination of a low mintage and extensive circulation means that relatively few examples have survived in collectible condition:
- Circulated Grades: Most surviving coins are in grades of Good (G) to Very Fine (VF), showing significant wear but retaining key details.
- Uncirculated Grades: Mint State examples are extremely rare and command a premium due to their scarcity and the difficulty of finding high-quality specimens from this era.
Value and Collectibility
The value of an 1861-S Seated Liberty Quarter depends on its condition. Here’s a general breakdown:
- Good (G) to Very Good (VG): Coins in these grades typically sell for $150 to $400, depending on eye appeal.
- Fine (F) to Very Fine (VF): Coins with more detailed features can command prices between $500 and $1,200.
- Extremely Fine (EF) to About Uncirculated (AU): High-grade circulated examples are valued between $2,000 and $5,000.
- Mint State (MS): Uncirculated coins, particularly those graded MS63 or higher, are exceptionally rare and can fetch upwards of $10,000 to $20,000.
Collecting the 1861-S Seated Liberty Quarter
For collectors, the 1861-S Seated Liberty Quarter represents an opportunity to own a tangible piece of Civil War history. Assembling a full set of Seated Liberty Quarters, especially with rarities like the 1861-S, can be a rewarding challenge.
Tips for Collectors:
- Buy Certified Coins: Seek examples graded by PCGS, NGC, or ANACS for authenticity and accurate grading.
- Focus on Eye Appeal: Even circulated coins with strong details and minimal damage are preferable.
- Budget Accordingly: While lower-grade examples are more affordable, higher grades can be a worthy investment.
Conclusion
The 1861-S Seated Liberty Quarter is more than just a rare coin; it’s a historical artifact from one of America’s most pivotal years. Its low mintage, association with the San Francisco Mint, and connection to the Civil War make it a prized piece for collectors and history enthusiasts alike. Whether you’re building a collection of Seated Liberty Quarters or seeking a standout coin from the Civil War era, the 1861-S quarter offers a blend of rarity, artistry, and history that few coins can match.
FAQs
1. How rare is the 1861-S Seated Liberty Quarter?
With a mintage of only 96,000 coins and few surviving in high grades, the 1861-S Seated Liberty Quarter is considered a rare collectible.
2. How much is an 1861-S Seated Liberty Quarter worth?
The coin’s value ranges from $150 in lower grades to over $20,000 for uncirculated examples.
3. Where is the mintmark on the 1861-S Seated Liberty Quarter?
The “S” mintmark is located on the reverse, beneath the eagle.