1862 $5 MS60 NGC....

Description

1862 Half Eagle, MS60
Low-Mintage Civil War Issue

1862 $5 MS60 NGC. The 1861 half eagle mintage was the second-highest ever for the denomination up to that point, but by the second year of the Civil War, gold coins were hoarded and increasingly replaced in commerce with unbacked paper money. Mintages of gold at Philadelphia plunged. The 1862 five dollar business production amounted to just 4,430 pieces, and few were set aside. PCGS estimates that fewer than 100 examples have survived in all grades, and only a handful remain in Mint State, including the present lot. It displays substantial sun-gold luster and exhibits an intricate strike. Both sides show a smattering of small marks, all of which are unworthy of further description. Census: 1 in 60, 1 finer (3/25).(Registry values: P7)

Coin Index Numbers: (NGC ID# 25VP, PCGS# 8292, Greysheet# 8908)

Weight: 8.36 grams

Metal: 90% Gold, 10% Copper

Note for clients in the European Union: This lot is considered by the European Union to be “investment gold”. We believe that it meets the criteria established in Article 344(1), point (2) of Council Directive 2006/112/EC and thus should be exempt from import VAT regardless of the selling price. Any questions or concerns about VAT should be addressed to your accountant or local tax authority.

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