1867 Seated Liberty Silver Dollar
1867 Liberty Seated dollars mark the first year that the series was struck entirely with the motto IN GOD WE TRUST. While, virtually all 1866 dollars also bear the IN GOD WE TRUST motto, there are two 1866 dollars contain no motto. 1867 Liberty Seated dollars are about as common these days as most other issues from the series.
A total of 46,900 Liberty Seated dollars were struck in 1867, including 625 proof specimens. The regular-issue strikes are worth between $300 in a grade of Very Good-8 to $2,200 or more in uncirculated grades. Proofs are usually sold for $4,000 to $5,000.
As is the case with most other Liberty Seated dollars struck during the 1860s, those from 1867 were made at only the Philadelphia Mint. However, other mints were involved with making Liberty Seated dollars, including the Carson City, New Orleans, and San Francisco Mints.
The Liberty Seated dollar was designed by United States Mint Chief Engraver Christian Gobrecht. He also designed the Seated Liberty motif seen on many other silver denominations from 19th century, including the half dime, dime, quarter, and half dollar. All Liberty Seated coins, even those regarded as relative common dates, are scarce collectibles and thus valued more for their numismatic important rather than their intrinsic 90 percent silver content.
Liberty Seated silver dollars circulated widely during the 1840s and 1850s. However, they were more commonly used for foreign trade during the 1860s, when silver prices were rising and large silver coins, such as Liberty Seated dollars, were valued for their foreign trade potential.
1867 Liberty Seated dollar consists of a 90 percent silver and 10 percent copper composition. They also weigh 26.73 grams, contain 0.77344 ounces of pure silver, and measure 38.1 millimeters in diameter. These are the same physical specifications of the Morgan and Peace silver dollars struck during the late 19th and early 20th centuries.