1862-S $5 AU55 PCGS....

Description

Conditionally Scarce 1862-S Five, AU55

1862-S $5 AU55 PCGS. With a mintage of only 9,500 pieces, the 1862-S five should be scarce on that basis alone. What makes it especially elusive, however, is not only the low mintage but also the heavy usage of coinage in the western states from the 1850s through the 1870s. That explains why the 1862-S is a significant condition rarity and this AU55 piece is one of the finest examples obtainable. There are, in fact, coins that are finer but these represent only four pieces and the highest certified is an MS62.
This is a sharply struck piece except for the neck of the eagle, which is normal for S-mint gold. Each side has deep reddish color, and there are no obvious abrasions on either side. Noticeable traces of mint luster can be seen around the devices.(Registry values: P8)

Coin Index Numbers: (NGC ID# 25VR, PCGS# 8293, Greysheet# 9040)

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.

View Certification Details from PCGS