96

Rare date 1862-S seated Liberty half dollar AU58

Currency:USD Category:Coins & Paper Money Start Price:1.00 USD Estimated At:1,000.00 - 1,500.00 USD
Rare date 1862-S seated Liberty half dollar AU58
Welcome back. Due to the number of inquiries about consignments we request that any questions are emailed to newsletter@coinssince1994.com . Enjoy!
By order of the consignor, each of these type coins is to be sold open at only $1 at public Auction to the highest bidder. It is a wonderful type collection. Each of these coins came in by a consignor who was thrilled to hear that they might get a thousand or two more at public auction than our over the counter cash offer.

It’s all found money to them, and rare collectible type coins that have been put away for over a generation. So please enjoy!

Winner shall receive exact coin shown. Silver coins circulated freely in the West, where paper money was shunned, so the production of half dollars at the San Francisco Mint went on without interruption. This issue is common in most circulated grades, becoming only slightly scarce at the XF and AU levels. Many of the latter pieces are from the so-called Guatemala Hoard, which came onto the market during the 1950s. These coins were all harshly cleaned and will not receive numeric grades, so they are not represented in the NGC Census. Certifiably Mint State coins are rare, with gems being especially so.

The San Francisco Mint received six obverse dies for 1862 half dollars, five of which have been identified by Wiley and Bugert. Only two reverses were shipped, and these feature the Type 2 hub and Small S mintmark, both of which debuted on S-Mint halves this year. Since five reverse dies have been observed on 1862-S half dollars, three of these were holdovers that may or may not have been used previously. Some six die marriages have been identified in all---three having the Large S first seen in 1855, one with the Medium S of 1857 vintage and two of the new hub and Small S. Despite being new, the latter mintmark punch was broken at its top.

The only varieties of note are these mintmark sizes. The Large S is the most common and the only one collectible in Mint State, while the other two are available in circulated grades but are exceedingly rare unworn. Two different collars have been identified, these having either 139 or 140 reeds.

(LRR)