Coin Collecting Strategies – Seated Liberty Dollars – An Overlooked Series with Long-term Potential

Many Seated Liberty silver dollars that still survive have been cleaned and have often been artificially retoned. Examples with original surfaces are truly very scarce. Probably most pieces that appear to be Mint “white” have been lightly cleaned, but can still be attractive if they don’t have a polished look. For these reasons, many collectors prefer examples that have been lightly circulated, such as those in Extremely Fine and About Uncirculated grades.

A large number of these coins have been melted over the years because there were times when their silver content was worth more than one dollar on world markets, making it profitable to turn them into silver bars. Coupling this with their overall low mintages per issue has resulted in coin issues for this series that are truly scarce. A few are downright rare.

Although a few Seated Liberty silver dollars are known in “gem” condition, most Mint State examples that exist are in the lower MS numerical grades. Building a collection of Mint State Seated Liberty silver dollars is challenging, but doable. You might want to allow at least five to ten years to accomplish this feat.

Therefore, building a collection in Extremely Fine or About Uncirculated condition offers more availability and selectivity regarding the overall looks of the coins. I recommend building a collection of these coins in as similar a grade and “look” as possible.

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