1862 Seated Liberty Dime
Circulation strike struck at the Philadelphia Mint · 847,000 made
- Mintage
- 847,000
- Metal
- 90% silver, 10% copper
- Weight
- 2.49 g
- Diameter
- 17.9 mm
Original illustration. Tap to flip. Not a photograph of the actual coin.
Face value · Metal value · Small premium · Collector premium · Significant rarity. We use bands because prices change daily.
What is an 1862 Seated Liberty Dime worth?
Collectors pay a real premium for this date, worn or not, because far fewer were made than usual. Uncirculated pieces go much higher.
What would make yours worth more:
- Uncirculated condition with full original luster
- A die variety or minting error
- Certification by PCGS or NGC, which buyers expect for scarce dates
For market prices, check recent sold results for certified coins in the same grade.
Quick answers
- Is the 1862 Seated Liberty Dime rare?
- Somewhat. 847,000 were made, fewer than most dates, so collectors treat it as a semi-key.
- Is the 1862 Seated Liberty Dime silver?
- Yes. It's 90% silver, 10% copper and holds 0.0720 troy ounces of pure silver.
- Where is the mint mark on an 1862 Seated Liberty Dime?
- On the reverse, below the bow of the wreath or inside the wreath, depending on the year. Philadelphia dimes have no mint mark.
- Which Philadelphia dates near 1862 are scarcer?
- The 1867 at 6,000, the 1866 at 8,000, the 1865 at 10,000, plus 4 more. So the 1862 is one of the easier dates of its stretch.
- How many 1862 Seated Liberty Dime coins were made?
- 847,000.
What to check on your 1862
- There's no mint mark on this one, so the date and condition are what matter.
- Don't clean it. Cleaning leaves fine scratches and an unnatural shine that collectors avoid.
- Proof or circulation strike? A proof has mirror-like fields and frosted design details and was sold to collectors, not released in change. The 1862 Seated Liberty Dime Proof (550 made) is the one to compare with.
- Old coins pick up damage over a long life. Look for holes, bends, scratches or signs of cleaning before you judge the grade, because a damaged coin sells for a fraction of a problem-free one.
- Judge the grade under good light. LIBERTY on the shield is the key: a full, readable LIBERTY marks a coin in Fine or better. Then check Liberty's head and knee.
Never clean it. Collectors pay strong premiums for original surfaces and natural toning on a date like this. A cleaned coin can lose half its value or more.
The story of the 1862
Philadelphia made 847,000 in 1862, down from 1.9 million in 1861. The next year it made 14,000 (1863).
It was the big producer of the year, well ahead of 1862-S (180,750). In the whole series, its mintage sits closest to the 1849 (839,000) and the 1871 (906,750).
Philadelphia struck the Seated Liberty Dime in 59 issues between 1837 and 1891. By mintage this one lands in the scarcer half, while the key for that mint is the 1867 (6,000). Within the 1860s it's 20th smallest of 21, between the 1860 (606,000) and the 1861 (1.9 million).
The legend moves to the obverse (1860 to 1862)
In 1860 Chief Engraver James B. Longacre removed the stars from the obverse and put UNITED STATES OF AMERICA in their place. On the reverse a larger cereal wreath of corn, wheat, maple and oak leaves now surrounds ONE DIME. San Francisco did not receive the new dies in time. Its 140,000 dimes of 1860 still have the stars obverse and the old laurel wreath reverse, which makes the 1860-S the last of the stars type.
New Orleans struck only 40,000 dimes in 1860, a key date of the series. Louisiana left the Union early in 1861 and the mint was seized, so no New Orleans dimes were made again until 1891. Philadelphia struck 606,000 in 1860 and 1,883,000 in 1861, then just 847,000 in 1862. San Francisco made 172,500 and 180,750 in those two years.
The Civil War explains the drop. At the end of 1861 banks stopped paying out gold and silver for paper money. Within months silver coins vanished from circulation in the East and postage stamps and small paper notes took their place. Proofs continued at 1,000 a year in 1860 and 1861 and 550 in 1862. When you identify a dime from these years, the legend is the quickest clue: legend on the obverse means 1860 or later. The legend design stayed in use with only minor changes until 1891.
Elsewhere in US coinage in 1862
Uncertainty over the war led people to hoard every kind of coin, including copper-nickel cents. Postage stamps, tokens and paper fractional currency filled the gap.
How to recognize it
Liberty sits on a rock, her right hand resting on a shield crossed by a scroll reading LIBERTY. Her left hand holds a pole topped by a liberty cap and the date is below. The 1837 and 1838-O coins have nothing else on the obverse. From 1838 to 1860 thirteen stars surround her and from 1860 the words UNITED STATES OF AMERICA take their place. Drapery hangs from her left elbow on coins from late 1840 on. Arrows flank the date on most dimes of 1853 to 1855 and of 1873 to 1874. The reverse shows ONE DIME inside a laurel wreath ringed by UNITED STATES OF AMERICA until 1860. After that a larger cereal wreath of corn, wheat, maple and oak leaves surrounds the words. Branch mint marks are on the reverse near the bow.
Mintage chart
Specifications
| Series | Seated Liberty Dime (1837–1891) |
|---|---|
| Year | 1862 |
| Mint | Philadelphia Mint |
| Mint mark | None |
| Strike type | Circulation strike |
| Mintage | 847,000 |
| Face value | 10¢ |
| Composition | 90% silver, 10% copper |
| Weight | 2.49 grams |
| Diameter | 17.9 mm |
| Edge | Reeded |
| Silver content | 0.0720 troy oz (2.241 g) |
| Designer | Christian Gobrecht |
Other 1862 Seated Liberty Dime issues
| Coin | Mintage | Type | Silver |
|---|---|---|---|
| 1862 Seated Liberty Dime | 847,000 | Circulation strike | 0.0720 oz |
| 1862 Seated Liberty Dime Proof | 550 | Proof | 0.0720 oz |
| 1862-S Seated Liberty Dime | 180,750 | Circulation strike | 0.0720 oz |
Mintage: US Mint records as published in standard references, each figure checked against at least two independent sources. How we build these pages.