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.
David Akers (1975/88):
This overdate was discovered just a relatively few years ago, and therefore, as with most new discoveries, it has been touted as being much more rare than it actually is. A number of specimens have come to light in recent years and, although the 1862/1 is certainly rare, there are many more specimens in existence than the "three or four known" indicated by some dealers.
The 'overdate" is fairly plain, although the 1 is not as distinct as it is on many earlier "2 over 1" overdates, or on the 1942/1 mercury dime. Rather than a raised digit 1 under the 2, there is a "rough spot" in the shape of a 1 at the opening of the 2. I have described this overdate in detail because I am always somewhat skeptical of overdates where the bottom digit does not show plainly. However, I do feel that there is a good chance that this 1862/1 is a legitimate overdate. It would be difficult to estimate the population of the 1862/1 accurately, but since I have seen at least a half dozen different specimens in the last year or two alane, I would guess that there are at least fifteen to twenty pieces known, If not more.
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