Lot 1747
1862-S NGC graded XF Details. Improperly cleaned. Low mintage. Despite the activities of hoarders in the East and extensive use of gold in paying for imports, gold coins continued to circulate out West throughout the Civil War (1861-65) and later, until gold returned to "par" against greenback paper money at the beginning of 1879. It can only be assumed that most of the 9,500 half eagles coined in San Francisco in 1862 reached circulation, being lost, later melted, or heavily worn. Most survivors grade Extremely Fine, though lower examples with an average grade of just Very Fine 20 were recorded in 1979 by David Akers who considered this issue to be among the scarcest issues of the series (PCGS # 8293) .
Estimated Value $3,900 - 4,000.
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