SOLD – $10.00 – 1862 PCGS AU58 CAC

1862_10_P58_CAC.jpg
1862_10_P58_CAC.jpg
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SOLD – $10.00 – 1862 PCGS AU58 CAC

13,000.00

Serial Number 8635.58/33728831

PCGS Lookup Number 8635

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RARE CONDITION CENSUS 1862 EAGLE

The 1862 is the second most available Civil War eagle from Philadelphia after the common 1861 but this is mostly a reflection of the rarity of the ultra low mintage 1863-1865 issues. There were 10,960 struck and around 100 are known today. The 1862 eagle is rare in AU53 to AU55 and very rare in properly graded AU58. I am aware of just two in Uncirculated including an NGC MS64 recovered from the S.S. Republic.

This fresh-to-the-market example was recently found in Europe and has never before been offered for sale to collectors. It is lustrous and it shows no real wear but it is knocked-out of the Uncirculated category by the presence of some bag handling and rub from its overseas sojourn. The color is a wholesome natural yellow-gold and a majority of the frosty mint luster remains intact. The eye appeal is well above average for the date and the grade.

In 2014 and 2016, the same recolored PCGS AU58 sold for $12,925 at auction. The only CAC approved PCGS AU58 to cross the block was a nice CAC approved piece which brought a very strong $28,200 as Heritage 3/14: 10666. In my opinion, that coin was not superior to the present piece.

This coin is undoubtedly in the Condition Census for the issue and it is one of the two nicest AU58 1862 eagles of which I am aware. This is an important coin for the advanced Liberty Head eagle collector or the Civil War gold specialist.

CAC has approved for in this grade with just one finer (MS60).