Grade NGC AU53
PCGS Price Guide 19000
Population (PCGS) 15/17
Population (NGC) 18/33
Serial Number 4327952-001
PCGS Lookup Number 8937
RARE AU53 1862 DOUBLE EAGLE
The 1862 is the rarest collectable Philadelphia Type One double eagle and it is also popular due to its Civil War issuance. While sometimes seen in the lower to medium AU grades, most examples are bright and baggy with zero originality and minimal eye appeal.
This is a lovely, high end example with a 100% natural "Euro" appearance featuring deep russet overtones accentuated by darker color on the relief details. The underlying surfaces are lustrous and the strike is sharp with all the fine details fully brought up. There are some scattered abrasions in the left obverse field but I have seen inferior 1862 double eagle graded AU55.
Since 2011, there are only four APR's for this date in AU53 and all are for NGC coins without CAC approval. The prices realized range from a low of $15,890 back in March 2014 to highs of $18,800 set in March 2015 and October 2015.
This date is not often seen in grades higher than AU53 to AU55 and higher-end AU's are expensive. I feel that a nice AU53 such as this example represent tyhe best value grade for this coveted date and this specific coin should garner some serious attention from Type One specilaisists.