1862 $2.50 AU58 Certification #40827077, PCGS #7796

CoinFacts Details

Owner's Comments

Garrett and Guth in their "Encyclopedia of U.S. Gold Coins 1795-1933" state, "The mintage of the 1862 quarter eagle dropped considerably at the Philadelphia Mint from the previous year. Even with a rather substantial production of nearly 100,000 coins, this date is scarce in all grades. The 1862 quarter eagle is many, many times rarer than the 1861. Gold coinage after the start of the Civil War did not circulate with regularity, and many great rarities were produced during this era. Most of the examples seen of this date are well struck, some with die clashes visible on one or both sides." Subtle die clashing on this coin can be seen with the aid of a loupe.

Expert Comments

Ron Guth

Examples are known with New Reverses (see 1859, 1860, and 1861). Please notify us if you find one with an Old Reverse.

David Akers (1975/88)

Once again, you can totally disregard the valuations for this coin in the standard pricing guides, particularly in uncirculated condition. Strictly uncircualted specimens are really very rare and this date is actually available more often in proof than it is in uncirculated condition.

PCGS #

7796

Designer

Christian Gobrecht

Edge

Reeded

Diameter

18.00 millimeters

Weight

4.18 grams

Mintage

98508

Metal

90% Gold, 10% Copper

Pop Higher

Pop Lower

117

Region

The United States of America

Price Guide

PCGS Population

Auctions - PCGS Graded

Auctions - NGC Graded

Rarity and Survival Estimates Learn More

Grades	Survival Estimate The Survival Estimate represents an average of one or more experts opinions as to how many examples survive of a particular coin in three categories: 1) all grades, 2) 60 or better, and 3) 65 or better. These estimates are based on a variety of sources, including population reports, auction appearances, and personal knowledge. Survival estimates include coins that are raw, certified by PCGS, and certified by other grading services.	Numismatic Rarity Numismatic Rarity converts the Survival Estimate for a particular coin into a number from 1 to 10 (with decimal increments) based on the PCGS Rarity Scale. The higher the number, the more rare the coin.	Relative Rarity by Type Relative Rarity By Type ranks the rarity of this coin with all other coins of this Type. Lower numbers indicate rarer coins.	Relative Rarity by Series Relative Rarity By Series ranks the rarity of this coin with all other coins of this Series. Lower numbers indicate rarer coins.
65 or Better	140	R-7.6	56 / 147 TIE	56 / 147 TIE
All Grades	30	R-8.9	95 / 147 TIE	95 / 147 TIE
60 or Better	0	R-10.1	1 / 147	1 / 147

Survival Estimate The Survival Estimate represents an average of one or more experts opinions as to how many examples survive of a particular coin in three categories: 1) all grades, 2) 60 or better, and 3) 65 or better. These estimates are based on a variety of sources, including population reports, auction appearances, and personal knowledge. Survival estimates include coins that are raw, certified by PCGS, and certified by other grading services.
65 or Better	140
All Grades	30
60 or Better	0

Numismatic Rarity Numismatic Rarity converts the Survival Estimate for a particular coin into a number from 1 to 10 (with decimal increments) based on the PCGS Rarity Scale. The higher the number, the more rare the coin.
65 or Better	R-7.6
All Grades	R-8.9
60 or Better	R-10.1

Relative Rarity by Type Relative Rarity By Type ranks the rarity of this coin with all other coins of this Type. Lower numbers indicate rarer coins.
65 or Better	56 / 147 TIE
All Grades	95 / 147 TIE
60 or Better	1 / 147

Relative Rarity by Series Relative Rarity By Series ranks the rarity of this coin with all other coins of this Series. Lower numbers indicate rarer coins.
65 or Better	56 / 147 TIE
All Grades	95 / 147 TIE
60 or Better	1 / 147

Condition Census Learn More

Pos	Grade	Thumbnail	Pedigree and History
1	MS64 PCGS grade
1	MS64 PCGS grade
1	MS64 PCGS grade
4	MS63 PCGS grade
4	MS63 PCGS grade

#1 MS64 PCGS grade

#4 MS63 PCGS grade