SOLD – $20.00 – 1862 PCGS AU50
SOLD – $20.00 – 1862 PCGS AU50
Date 1862
Grade PCGS AU50
PCGS Price Guide 15000
Population (PCGS) 14/39
Population (NGC) 10/58
Serial Number 8937.50/28648579
PCGS Lookup Number 8937
Coin Description
RARE CIVIL WAR ISSUE PCGS AU50 1862 DOUBLE EAGLE
The 1862 is the rarest regular issue Type One business strike Double Eagle made at this mint. It has gone from being overlooked to arguably one of the most popular 19th century US gold coins and it has multiple levels of demand as a Civil War rarity and a desirable Type One issue. In AU, it is available at a pace of around two or three coins per year (if that) and it is essentially unavailable above AU58.
This example has clearly been lightened but it is still cosmetic due to more than enough luster for the date and grade. As usual, the surfaces are “ticky” but none of these marks is out of keeping, save for a shallow scrape along the jawline of Liberty.
There have been no AU50 examples of the 1862 double eagle sold at auction since the end of 2003. The last three APR’s for AU53′s have been $18,800, $18,800 and $17,625; all three coins were graded by NGC and none were appreciably better than the present PCGS AU50.
The longer you wait to buy an 1862 double eagle, the more you are going to have to pay…this is “opportunity cost” at its most basic!
