SOLD - $5.00 – 1862-S PCGS EF45 CAC

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SOLD - $5.00 – 1862-S PCGS EF45 CAC

11,000.00

Date    1862-S
Grade    PCGS EF45 CAC
PCGS Price Guide    9000
Population (PCGS)    10/15
Population (NGC)    8/20
Population (CAC)    3/0
Serial Number    8293.45/83579784
PCGS Lookup Number    8293

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RARE 1862-S HALF EAGLE

A compelling case can be made for naming this issue as the third rarest half eagle from San Francisco after the 1854-S and the 1864-S. There are fewer than 50 known from the original mintage of 9,500 and at least half of the known 1862-S half eagles are either very well worn or they are problem coins.

This high end example is unusual for the issue in that it is comparatively well struck with feather detail on the eagle's neck and a relative absence of the marks that plague the issue. The color is a natural olive and medium orange-gold blend with little pockets of luster seen in the protected areas.

No PCGS EF45 1862-S half eagle has sold at auction since March 2004. The last two NGC EF45's brought $8,225 in 2017 and $8,813 in 2014; neither was approved by CAC.

I like this coin better than the non-CAC AU50 1862-S half eagle which sold for $12,388 in the recent January 2017 Legend auction and this popular Civil War issue should garner considerable interest.

CAC has approved three in this grade with none finer.