Coin Specifications

Category: Seated Liberty Dimes (1837-1891)
Mint: Philadelphia
Mintage: 847,000
Obverse Designer: James B. Longacre
Reverse Designer: James B. Longacre
Composition: Silver
Fineness: 0.9000
Weight: 2.4900g
ASW: 0.0723oz
Melt Value: $1.23 (9/22/2017)
Diameter: 17.9mm
Edge: Reeded
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1862 10C MS obverse 1862 10C MS reverse


  
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Description & Analysis

This issue's mintage doesn't suggest a very common coin, but then 1862 was not a normal year. Banks suspended specie (gold and silver coin) payments in December of 1861. Gold coins were hoarded almost immediately, and silver disappeared from circulation by the spring of '62. As a result of such hoarding, many 1862(P) dimes remained idle in vaults until discovered years later. A fair number of these found their way to collectors, making this issue still common today through the mid grades of Mint State.

All dimes of 1862-91 feature the sharper, Type 2 obverse having six lines visible above the LIBERTY banner. The most desirable variety pairs a repunched date obverse with a gouged reverse.

GRADE SUMMARY

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Price Guide

Last Updated: 9/22/2016

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1862 10C MS
  GVGFVFXF505355586061626364656667686970
Base $ 19.00 22.00 27.00 35.00 65.00 105 125 145 165 185 200 280 425 550 1400 2900 6850 - - -
$ - - - - - - - - - - 1500 5000 - -

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Census

 
NGC GRADE SUMMARY

Total Graded: 181
Low Grade: VG
Average Grade: 62
High Grade: 67


Upcoming Auctions


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
4/30/1997 PCGS MS 61   Teletrade Auction 0941, 941/Lot# 1263 $130.80
1/24/2005 NGC MS 62   David Lawrence Rare Coins Internet-Only Auction #25, 29/Lot# 161 $184.00
3/8/2009 NGC MS 66   Heritage Auctions Sunday Internet Coin Auction #69033, 69033/Lot# 63216 $1,725.00
9/6/2012 PCGS AU 50   Heritage Auctions 2012 September 6-9 US Coins Signature Auction- Long Beach Session(4), 1174/Lot# 7805 $89.00
10/17/2012 PCGS MS 65   Stack's Bowers The November 2012 Baltimore Auction - US and World Lots - Live and Internet Only Sessions, 144/Lot# 1348 $1,063.75
2/7/2013 NGC MS 65   Heritage Auctions 2013 February 7 -8 & 10 US Coin Signature Auction - Long Beach Session(5), 1182/Lot# 7647 $998.75
9/21/2014 NGC Details AU Details  Heritage Auctions Internet Coin Auction Session(1), 131439/Lot# 29110 $32.00


NGC Registry

NGC Registry Score 1862 10C MS
 PrAgGVGFVF4045505355586061626364656667686970
Base455063761232122343043514094505396207259411138196932814319458950466682
4754679215321925732037042348056665579710071415240636274409474155910
00000025732037042348056665579710071415240636274409474100
00000028133539043650959369086910721692284439734499489400
Registry Image Gallery
Grade: MS 64
Points: 1138
Owner: Whidbey Island Collection
 
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