1862 Seated Liberty Half Dime Proof
Proof struck at the Philadelphia Mint · 550 made
- Mintage
- 550
- Metal
- 90% silver, 10% copper
- Weight
- 1.24 g
- Diameter
- 15.5 mm
Original illustration. Tap to flip. Not a photograph of the actual coin.
Face value · Metal value · Small premium · Collector premium · Significant rarity. We use bands because prices change daily.
What is an 1862 Seated Liberty Half Dime Proof worth?
This is one of the dates collectors hunt for. A genuine 1862 is valuable in any condition, even well worn. That's exactly why fakes and altered coins turn up so often.
What would make yours worth more:
- Grade and, for proofs, strong cameo contrast
- A die variety or minting error
- Certification by PCGS or NGC, which buyers expect for scarce dates
For market prices, check recent sold results for certified coins in the same grade.
Quick answers
- Is the 1862 Seated Liberty Half Dime Proof rare?
- Fairly. The Mint made 550 for collectors. Most were kept in their original packaging.
- Is the 1862 Seated Liberty Half Dime Proof silver?
- Yes. It's 90% silver, 10% copper and holds 0.0359 troy ounces of pure silver.
- Where is the mint mark on an 1862 Seated Liberty Half Dime?
- On the reverse, below the bow of the wreath or inside the wreath, depending on the year. Philadelphia coins have no mint mark.
- How many 1862 Seated Liberty Half Dime proofs were made?
- 550.
What to check on your 1862
- There's no mint mark on this one, so the date and condition are what matter.
- Judge the grade under good light. LIBERTY on the shield wears first; a full LIBERTY marks Fine or better. These tiny coins are often bent, cleaned or holed.
Proofs from 1862 were struck one at a time in small numbers and many were later spent or mishandled. Look for hairlines from cleaning, which lower the grade.
The story of the 1862
The legend moves to the obverse (1860 to 1862)
In 1860 James B. Longacre replaced the stars with the words UNITED STATES OF AMERICA. The reverse now shows a cereal wreath of corn, wheat, maple and oak leaves around HALF DIME. Philadelphia struck 798,000 of the new design and New Orleans 1,060,000. That was the last New Orleans half dime, since Louisiana left the Union early in 1861. The new reverse puts HALF DIME inside the wreath with no lettering around it, because the country's name now sits on the obverse. No San Francisco half dimes were struck in these years. The design stayed in use until the denomination ended in 1873.
Philadelphia struck 3,360,000 in 1861, a figure that includes an 1861/0 overdate visible only under strong magnification. Then the Civil War cut production. Banks stopped paying out silver at the end of 1861 and by 1862 half dimes had vanished from circulation in the East. In July 1862 Congress authorized postage currency, small paper notes that stood in for silver change. Philadelphia still struck 1,492,000 that year.
Proofs were struck at 1,000 a year in 1860 and 1861 and 550 in 1862. The legend type coins of these years are common in worn grades and make a good type coin. To spot one quickly, look at the obverse: the legend replaces the stars around Liberty. Check under magnification for the 1861/0 if you have an 1861.
Elsewhere in US coinage in 1862
Uncertainty over the war led people to hoard every kind of coin, including copper-nickel cents. Postage stamps, tokens and paper fractional currency filled the gap.
How to recognize it
Liberty sits on a rock with her right hand on a shield crossed by a scroll reading LIBERTY and her left hand holding a pole topped by a liberty cap. The 1837 and 1838-O half dimes show nothing else on the obverse but the date. From 1838 to 1859 thirteen stars ring the design and from 1860 they are replaced by UNITED STATES OF AMERICA. Drapery falls from her left elbow on coins from late 1840 on. Arrows beside the date mark the lighter coins of 1853 to 1855. Until 1859 the reverse shows HALF DIME inside a laurel wreath circled by UNITED STATES OF AMERICA. From 1860 a cereal wreath of corn, wheat, maple and oak leaves surrounds HALF DIME alone. Mint marks for New Orleans and San Francisco are on the reverse near the bow.
Mintage chart
Specifications
| Series | Seated Liberty Half Dime (1837–1873) |
|---|---|
| Year | 1862 |
| Mint | Philadelphia Mint |
| Mint mark | None |
| Strike type | Proof |
| Mintage | 550 |
| Face value | 5¢ |
| Composition | 90% silver, 10% copper |
| Weight | 1.24 grams |
| Diameter | 15.5 mm |
| Edge | Reeded |
| Silver content | 0.0359 troy oz (1.116 g) |
| Designer | Christian Gobrecht |
Other 1862 Seated Liberty Half Dime issues
| Coin | Mintage | Type | Silver |
|---|---|---|---|
| 1862 Seated Liberty Half Dime | 1,492,000 | Circulation strike | 0.0359 oz |
| 1862 Seated Liberty Half Dime Proof | 550 | Proof | 0.0359 oz |
Mintage: US Mint records as published in standard references, each figure checked against at least two independent sources. How we build these pages.