The 1870-S Liberty Seated Quarter is a rare and highly valuable coin, renowned for its historical significance and extreme scarcity.
While the regular Liberty Seated quarters were minted in large numbers during the late 19th century, the 1870-S quarter is notable because it was part of an issue that was never officially meant to exist in that year, and only a handful were minted.
Here’s a breakdown of the 1870-S Liberty Seated Quarter’s value and rarity:
Key Details about the 1870-S Liberty Seated Quarter
- Mint Year: 1870
- Mintmark: S (San Francisco Mint)
- Design: The Liberty Seated design featured Lady Liberty sitting on a rock, holding a shield and an olive branch.
- Scarcity: It is estimated that only about 12 to 15 examples of this coin were minted. As a result, it is considered one of the rarest coins in U.S. history.
- Value: Depending on the condition (grade) of the coin, its value can range from several million dollars to over $40 million for an exceptional specimen in pristine condition.
Why is the 1870-S Liberty Seated Quarter so Valuable?
- Mintage Error: The 1870-S quarter was not supposed to be produced, but it is believed that a small number were struck due to a mistake at the San Francisco Mint. This error has made it one of the most sought-after coins among collectors and investors.
- Extreme Rarity: Only a few specimens have ever surfaced in public auctions, making it nearly impossible for collectors to obtain one. Most of these coins have remained in private collections.
- Historical Importance: This coin is not only a numismatic rarity but also holds historical value, as it represents a time when U.S. coinage was transitioning and different denominations were being produced at multiple mints.
- Record Sales: A 1870-S quarter in high grade can fetch astronomical amounts at auction. A few have sold for over $10 million, with some estimates placing a flawless specimen’s value upwards of $40 million.
Also see: Bicentennial Quarter: Exceeding $40 million in value
| Condition/Grade | Estimated Value |
|---|---|
| Good (G-4) | $1.5 – $3 million |
| Very Fine (VF-30) | $3 million – $5 million |
| Extremely Fine (EF-40) | $5 million – $10 million |
| AU (About Uncirculated) | $10 million – $20 million |
| MS-63 (Mint State) | $20 million – $40 million |
| MS-67 (Highest Grade) | $40 million+ (record prices) |
Why is the 1870-S Liberty Seated Quarter so rare?
The 1870-S quarter is rare because it was never officially intended to be struck. Only a few examples were accidentally minted at the San Francisco Mint, and their existence has been one of the greatest mysteries of U.S. numismatics.
How many 1870-S quarters are known to exist?
Estimates suggest that only about 12 to 15 examples of the 1870-S Liberty Seated Quarter are known to exist, making it one of the rarest U.S. coins.
What is the most expensive 1870-S Liberty Seated Quarter ever sold?
The most expensive 1870-S Liberty Seated Quarter has reportedly sold for over $40 million, though prices vary depending on condition.
