ADDITIONAL PRODUCT SPECIFICATIONS
- Product ID: 7165939
- Year: 1872
- Grade Service: ANACS Extra Fine 40
- Denomination: $1.00
- Metal Content: 0.7734 troy oz
- Minted: Philadelphia Mint (Not Shown)
- Purity: .900
- Thickness: 3.1 mm
- Diameter: 38.1 mm
- Liberty Seated (1840-1873) / No Motto (1840-1865) / With Motto IN GOD WE TRUST (1866-1873)
VG-8 Very Good- Any three letters of LIBERTY at least two-thirds complete.
F-12 Fine- All seven letters of LIBERTY visible, though weak.
VF-20 Very Fine- LIBERTY strong, but slight wear visible on its ribbon.
EF-40 Extra Fine- Horizontal lines of shield complete. Eagle’s eye plain.
AU-50- About Uncirculated- Traces of light wear on only the high points of the design. Half of the mint luster present.
MS-60 Uncirculated- No trace of wear. Light marks or blemishes.
PF-60 Proof- Several contact marks, hairlines, or light rubs possible on surface. Luster possibly dull and eye appeal lacking.
PF-63 Choice Proof- Reflective surfaces with few blemishes in secondary focal places. No major flaws.
In 1872 silver dollars were worth a significant premium over the paper currency which then dominated commerce in most of the nation. It would another five years or so before they traded at par to one another. So why, then, were silver dollars coined in large numbers at the Philadelphia Mint? It may be that Americans trading in the Far East were so desperate to avoid the premium on the preferred Mexican dollars that they believed they could force Miss Liberty into use there. A complete answer awaits further study, but it is evident that many of these coins eventually reached domestic circulation and stayed there for years. Worn pieces are common across all grades.
Mint State survivors are plentiful by series standards below MS 65, with most of these being in the 61-62 range. The majority of these coins are less than fully struck, the stars being particularly susceptible to weakness. While a few pieces display semi-prooflike fields, more common is the frosty luster associated with the moderately worn dies of long press runs.
Some 14 die marriages are known for the currency edition of the1872(P) silver dollar. These were the products of nine obverse dies and five reverses used in various combinations, one of the reverses being a holdover from 1871’s production. There are two obverse dies having misplaced numerals (MPDs). Marriages OC-3 and OC-5 display two duplicate numerals 2 within or below Liberty’s base, while OC-10, OC-11 and OC-12 feature the top of a numeral (most likely 7) visible within the denticles.