The economic stresses and uncertainties of the Civil War resulted in widespread hoarding of all precious metal coinage and the government suspended specie payments in late 1861. These circumstances resulted a drastic reduction of coinage in 1862, and the Philadelphia Mint struck a modest business-strike mintage of only 92,133 double eagles that year. The coins were largely ignored by contemporary collectors and few were saved for numismatic purposes. Unlike some other dates of this period, only a handful of examples have been recovered from shipwreck finds in recent years. Today, the 1862 Liberty double eagle is one of the most elusive issues in the Type One series. The NGC population is 23 with 74 graded higher.
Listed at $18,000 in the CDN CPG and $17,500 (in XF) in the NGC price guide.
Offered at $18,250
