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    Description

    1862 Liberty Head Five, AU58
    Rare Philadelphia Issue
    Only One Coin Finer at NGC

    1862 $5 AU58 NGC. Half eagle production dropped significantly following the outbreak of the Civil War, and remained low at the Philadelphia Mint until 1878, when the hoarding of gold coins had subsided and they began to be exchangeable on par for federal paper currency. The 1862 issue had a scant production of only 4,430 coins, and it is believed that no more than 100 pieces survive today in all grades. Most survivors of this issue are in XF to lower AU grades, and Mint State coins are prohibitively rare. This nearly Uncirculated example shows sharp detail, with only a touch of friction detectable in the exposed regions of the fields and over the highest points of the devices. Both sides exhibit pale bronze-gold color, brightened somewhat by remnants of semiprooflike mirroring in the peripheral recesses. Census: 8 in 58, 1 finer (2/15).
    Ex: Edward Milas Collection (Stack's, 5/1995), lot 526.
    From The New Orleans Collection.(Registry values: P7) (NGC ID# 25VP, PCGS# 8292)

    Weight: 8.36 grams

    Metal: 90% Gold, 10% Copper


    Learn more at the Newman Numismatic Portal at Washington University in St. Louis.

    View all of [The New Orleans Collection ]

    Auction Info

    Auction Dates
    April, 2015
    22nd-26th Wednesday-Sunday
    Bids + Registered Phone Bidders: 5
    Lot Tracking Activity: N/A
    Page Views: 740

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