Coin Specifications

Category: Liberty Head $5 (1839-1908)
Mint: Philadelphia
Mintage: 4,430
Catalog: KM-69
Obverse Designer: Christian Gobrecht
Reverse Designer: Christian Gobrecht
Composition: Gold
Fineness: 0.9000
Weight: 8.3590g
AGW: 0.2419oz
Melt Value: $316.62 (7/26/2014)
Diameter: 21.6mm
Edge: Reeded
Numismatic specification data provided by Krause Publications NumisMaster.
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1862 $5 MS obverse 1862 $5 MS reverse


  
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Description & Analysis

Unlike the smaller 1862 gold issues, production of P-mint half eagles through double eagles from this Civil War year was well below traditional levels. To illustrate this decrease, business strike fives were reduced from more than 688,000 pieces in 1861 to a mere 4,430 business strikes in 1862. This limited production of half eagles at the Philadelphia facility would continue until after Reconstruction. The average grade of surviving '62-P fives indicates that most saw extensive commercial use, with pieces grading XF or lower being far more prevalent than higher graded examples. Known Mint State pieces can be counted on one hand.

Description and Analysis courtesy of Heritage Auctions and may not be republished without written permission.


GRADE SUMMARY

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Price Guide

Last Updated: 7/9/2014

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1862 $5 MS
  GVGFVF4045505355586061626364656667686970
Base $ 900 1150 1500 2700 5750 5750 10000 13500 18750 21750 25000 - 37500 - - - - - - - -
$ 6500 11500 16000 19750 23000 - - - - - - - - -
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Census

 
NGC GRADE SUMMARY

Total Graded: 35
Low Grade: VF
Average Grade: 53
High Grade: 62


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Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
5/7/1997 NGC AU 55   Teletrade Auction 0943, 943/Lot# 1958 $3,481.50
6/6/1997 NGC AU 55   Heritage Auctions 1997 June Long Beach Sale #173, 173/Lot# 6407 $3,910.00
5/27/2007 PCGS MS 62   Goldberg May 27-30, 2007 Pre-Long Beach Coin and Currency Auction, 41/Lot# 1610 $18,975.00
2/28/2012 PCGS AU 53   Stack's Bowers The March 2012 Baltimore Auction, 135/Lot# 7550 $10,350.00
7/11/2013 NGC XF 40   Heritage Auctions 2013 July 11 - 14 US Coins Signature Auction - Orlando Session(1), 1187/Lot# 3363 $4,112.50


NGC Registry

NGC Registry Score 1862 $5 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base11111138190728143447451250495711608962486820842814703213723155047259111
11138013942209302538024691526958376142643873561051916926247643678647259110
000000302538024691526958376142643873561051916926247643678647259100
000000323641574870549059636195662978921261119149281574202247259100
1862 $5 MS Prooflike
 PrAgGVGFVF4045505355586061626364656667686970
Base1111111111111111111111
1111111111111111111110
0000001111111111111100
0000001111111111111100
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