1862/1 $2.50 (Regular Strike)

Series: Liberty Head $2 1/2 1840-1907

PCGS AU58<BR>Image courtesy of <a href="http://www.ha.com" target="_blank">Heritage Numismatic Auctions</a>

PCGS AU58
Image courtesy of Heritage Numismatic Auctions

OVERDATE CLOSEUP<BR>Image courtesy of <a href="http://www.ha.com" target="_blank">Heritage Numismatic Auctions</a>

OVERDATE CLOSEUP
Image courtesy of Heritage Numismatic Auctions

PCGS MS64

PCGS MS64

PCGS #:
7797
Designer:
Christian Gobrecht
Edge:
Reeded
Diameter:
18.00 millimeters
Weight:
4.18 grams
Mintage:
98,508
Mint:
Philadelphia
Metal:
90% Gold, 10% Copper
Major Varieties

Current Auctions - PCGS Graded
Current Auctions - NGC Graded
For Sale Now at Collectors Corner - PCGS Graded
For Sale Now at Collectors Corner - NGC Graded

Rarity and Survival Estimates Learn More

Grades Survival
Estimate
Numismatic
Rarity
Relative Rarity
By Type
Relative Rarity
By Series
All Grades 50 R-8.5 8 / 147 TIE 8 / 147 TIE
60 or Better 5 R-9.7 27 / 147 TIE 27 / 147 TIE
65 or Better 0 R-10.1 1 / 147 1 / 147
Survival Estimate
All Grades 50
60 or Better 5
65 or Better
Numismatic Rarity
All Grades R-8.5
60 or Better R-9.7
65 or Better R-10.1
Relative Rarity By Type All Specs in this Type
All Grades 8 / 147 TIE
60 or Better 27 / 147 TIE
65 or Better 1 / 147
Relative Rarity By Series All Specs in this Series
All Grades 8 / 147 TIE
60 or Better 27 / 147 TIE
65 or Better 1 / 147

Condition Census What Is This?

Pos Grade Image Pedigree and History
1 MS63 estimated grade
2 MS62 PCGS grade

Stack’s 6/2005:1925, $13,800

2 MS62 PCGS grade
4 MS61 PCGS grade
4 MS61 PCGS grade
6 AU58 PCGS grade
6 AU58 PCGS grade
6 AU58 PCGS grade
6 AU58 estimated grade
6 AU58 estimated grade
#1 MS63 estimated grade
#2 MS62 PCGS grade

Stack’s 6/2005:1925, $13,800

#2 MS62 PCGS grade
#4 MS61 PCGS grade
#4 MS61 PCGS grade
#6 AU58 PCGS grade
#6 AU58 PCGS grade
#6 AU58 PCGS grade
#6 AU58 estimated grade
#6 AU58 estimated grade
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.