Coin Specifications

Category: Seated Liberty Half Dollars (1839-1891)
Mint: Philadelphia
Mintage: 253,000
Obverse Designer: Christian Gobrecht
Reverse Designer: Christian Gobrecht
Composition: Silver
Fineness: 0.9000
Weight: 12.4400g
ASW: 0.3599oz
Melt Value: $9.98 (8/7/2020)
Diameter: 30.6mm
Edge: Reeded
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1862 50C MS obverse 1862 50C MS reverse
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Description & Analysis

The issuance in 1862 of "United States Notes" that were not immediately redeemable for gold or silver prompted the hoarding of silver coins by late spring. These joined the gold coins in hiding, as those had already disappeared from circulation by the end of 1861. Both gold and silver continued to circulate freely in the West, where paper money was either illegal or simply shunned by common consent. In the eastern half of the nation, however, as well as in the rebel states of the Confederacy, daily commerce was defined by paper money for years afterward.

This situation resulted in a fairly low mintage for half dollars at the Philadelphia Mint. Those that did circulate often did so in Canada or Latin America, where their bullion value was less of an issue than the perennial shortage of coins. Worn examples are scarce in any grade, but there is a disproportionate number of Mint State pieces relative to the overall population. This may be attributed to the failure of these coins to circulate domestically. A small number of truly superb survivors have resulted from such hoarding.

Five die marriages are known from a like number of obverse and reverse dies. Aside from these, there are no collectible varieties. Remarkably, given the small mintage, three different reed counts are known: 151, 152 or 153. Collectors, however, don't seem to have taken a fancy to the coins' third side.

GRADE SUMMARY

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Price Guide

Last Updated: 6/28/2019

Click on a price to see historical prices, comparison charts and trends.

1862 50C MS
  GVGFVFXF505355586061626364656667686970
Base $ 70.00 100.00 105 175 375 525 650 760 855 935 1010 1200 1580 3700 6500 16500 36500 - - -
$ - - - - - - - - - 4300 - - - -

NGC Price and Value Guides Disclaimer

Disclaimer: The prices listed in the various NGC Price and Value Guides are compiled from a number of independent, third party sources in the numismatic community which NGC believes to be reliable. Prices provided are averages, not specific prices for individual coins. Further, because these prices are only updated from time to time, they do not reflect short term pricing trends, which are quite common and are often quite dramatic, given the volatile nature of the collectible coin marketplace. This is especially true for rare coins, where there are fewer sales and greater variations in sale prices. For all of these reasons, the prices in these guides are designed to serve merely as one of many measures and factors that coin buyers and sellers can use in determining coin values. These prices are not intended, and should not be relied upon, to replace the due diligence and — when appropriate — expert consultation that coin buyers and sellers should undertake when entering into a coin transaction. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Guides. By using the NGC Guides, the user agrees that neither NGC nor any of its affiliates, shareholders, officers, employees or agents shall have any liability for any loss or damage of any kind, including without limitation any loss arising from reliance on the information contained in the Guides.

Census

 
NGC GRADE SUMMARY

Total Graded: 80
Low Grade: VG
Average Grade: 58
High Grade: 67

The chart showing VG series, F series, VF series, 40 series, 45 series, 50 series, 53 series, 55 series, 58 series, 60 series, 61 series, 62 series, 63 series, 64 series, 65 series, 66 series, 67 series.
NGC CENSUS DETAIL Last Updated: 8/4/2020 1862 50C MS
 PrAgGVGFVF4045505355586061626364656667686970Total
Base--5-9-1122191211512432---79
---------------11-----2
-----------------------
-----------------------
Total--5-9-1122191211513532---81
 --6%-11%-14%2%2%1%11%1%2%14%6%16%6%4%2%--- 
1862 50C MS PL
 PrAgGVGFVF4045505355586061626364656667686970Total
Base----------1-----------1
-----------------------
-----------------------
-----------------------
Total----------1-----------1
 ----------100%----------- 

NGC Registry

NGC Registry Score 1862 50C MS
 PrAgGVGFVF4045505355586061626364656667686970
Base183201255304539715745104411171239131513931505173021613126440362488768124911937823672
189219271382598725845106811581264134114301580187424833552501870881000914787208090
00000084510681158126413411430158018742483355250187088100091478700
00000094410931198129013671468165520172804397756337928112501708200
Registry Image Gallery
Grade: XF Details
Points: 358
Owner: 123cents
 
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NGC Auction Central Disclaimer

NGC Auction Central Disclaimer

Disclaimer: The auction prices realized listed in the NGC Auction Central are compiled from a number of independent, third party sources in the numismatic community which NGC believes to be reliable. The auction data listed by NGC may occasionally contain typographical or input errors that can result in incorrect prices realized appearing on the NGC website. Therefore, the prices realized listed in NGC Auction Central are designed to serve merely as one of many measures and facts that coin buyers and sellers can use in determining coin values. These prices are not intended, and should not be relied upon, to replace the due diligence and – when appropriate – expert consultation that coin buyers and sellers should undertake when entering into a coin transaction. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Auction Central. By using the NGC Auction Central, the user agrees that neither NGC nor any of its affiliates, shareholders, officers, employees or agents shall have any liability for any loss or damage of any kind, including without limitation any loss arising from reliance on the information contained in the NGC Auction Central.