1862 Liberty Head Half Eagle. JD-1. Rarity-6+. Proof-64 Deep Cameo (PCGS). CAC.

Important Proof 1862 Liberty Half Eagle Fewer than 15 Known The Only CAC-Approved Deep Cameo 1862 Liberty Head Half Eagle. JD-1. Rarity-6+. Proof-64 Deep Cameo (PCGS). CAC. Significant in both rarity and beauty, this extraordinary Proof half eagle combines outstanding aesthetic quality combined with rarity in a single delightful package. Boasting rich heavily frosted devices surrounded by a sea of deeply reflective mirrored surfaces, all bathed in an even, warm golden-rose color. In the first full year of the Civil War, numerous Union defeats - and extremely costly victories such as Shiloh and Antietam - prompted many to dispense with the idea that the war would be quickly won and accept that it would be a long and difficult slog ahead. This was especially so with the single bloodiest day of the war at Antietam in Maryland, as well as Confederate victories such as those at Second Manassas/Bull Run and Fredericksburg, all locations well under 100 miles from Washington, D.C. This general feeling of pessimism extended into the nation's economy. Gold specie payments by northern banks were suspended on December 30, 1861, and by the early summer of 1862, silver coins, too, disappeared from circulation in the East and Midwest, a situation not fully reversed until over a decade later. Given the overall grim situation facing the Union in 1862, attention was clearly focused on more serious matters than numismatics. Despite all this, the Philadelphia Mint continued to produce Proof coins to sell to collectors, albeit in considerably smaller numbers. On February 16, 1862 the Mint struck and delivered the entire mintage of 35 Proof half eagles from a single pair of dies, markedly reduced from 90 Proofs the year prior. Even with such a tiny production run, sales were no doubt significantly hindered and several coins are thought to have been returned to the melting pot as unsold. Today at best perhaps 10 to 15 examples remain to be appreciated, with at least three of those permanently impounded in institutional collections. The 1862 Proof half eagle appears at auction almost as rarely as the coins themselves, making opportunities such as here truly special indeed. A strong bidding strategy is advisable since it may be quite a while before the next specimen becomes available. PCGS Population: 1; 1 finer in this category (Proof-64+ Deep Cameo). CAC Stickered Population: 1; 0. PCGS# 98452. NGC ID: 28BX. Click here for certification details from PCGS. Image with the PCGS TrueView logo is obtained from and is subject to a license agreement with Collectors Universe, Inc. and its divisions PCGS and PSA. Click here to see Coins in Motion.

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