i just purchased the finest known example of this date, a PCGS MS63+, for $43,700 at the recent Goldberg 2/12 sale of the Helem collection. The present example, while obviously not in the same league, is still far, far above-average for the date and grade. Not to mention the fact that it is around one sixth of the price (!) The 1862-S is among the rarest SF quarter eagles in all grades and it is extremely rare in Uncirculated with just two or three known. I am aware of maybe four or five properly graded AU58's of which this example is among the nicest. It is well struck, lightly worn and lustrous with just a few small marks seen on the obverse. It is likely that this coin never saw actual circulation and the reason that it grades "58" is due to some handling and light rubbing on the high spots. Coins like this seem undervalued to me in comparison to the C and D mint quarter eagles from the 1850's.