1862 Seated Liberty Half Dollar
Circulation strike struck at the Philadelphia Mint · 253,550 made
- Mintage
- 253,550
- Metal
- 90% silver, 10% copper
- Weight
- 12.44 g
- Diameter
- 30.6 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 Dollar worth?
It's scarcer than a typical date, so even circulated examples sell above face and above their metal value. The best uncirculated coins are where the money is.
What would make yours worth more:
- Uncirculated condition with full original luster
- 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 Dollar rare?
- Yes. Only 253,550 were made, 35th lowest of the 116 regular issues in the series.
- Is the 1862 Seated Liberty Half Dollar silver?
- Yes. It's 90% silver, 10% copper and holds 0.3600 troy ounces of pure silver.
- Where is the mint mark on an 1862 Seated Liberty Half Dollar?
- On the reverse, below the eagle. Philadelphia halves have no mint mark.
- Which Philadelphia dates near 1862 are scarcer?
- None. Within five years either side, no Philadelphia issue had a smaller mintage than the 1862.
- How many 1862 Seated Liberty Half Dollar coins were made?
- 253,550.
What to check on your 1862
- There's no mint mark on this one, so the date and condition are what matter.
- Check the date and mint mark under magnification for tooling or added letters. Scarce dates are the ones forgers alter.
- Don't clean it. Cleaning leaves fine scratches and an unnatural shine that collectors avoid.
- Old coins pick up damage over a long life. Look for holes, bends, scratches or signs of cleaning before you judge the grade, because a damaged coin sells for a fraction of a problem-free one.
- Judge the grade under good light. LIBERTY on the shield is the benchmark for Fine. Check the high points of Liberty's knees and breast.
Never clean it. Collectors pay strong premiums for original surfaces and natural toning on a date like this. A cleaned coin can lose half its value or more. Low-mintage dates attract altered and counterfeit coins. Check that the date have not been tooled or added, or buy one already certified by PCGS or NGC.
The story of the 1862
Production at Philadelphia fell off a cliff in 1862. Only 253,550 were made, against 2.9 million the year before. That drop is why the 1862 is the one people look for. In 1863 the figure was 503,660.
The other mint made far more that year: 1862-S alone came to 1.4 million, roughly 5.3 for every 1862. If you're checking a pile of 1862 coins, the mint mark is the one to look for. In the whole series, its mintage sits closest to the 1872-CC (257,000) and the 1873-S, With Arrows (228,000).
Across Philadelphia's 56 Seated Liberty Half Dollar issues, the hardest to find is the 1882 with 4,400 made. The 1862 is on the scarcer side of the middle. Among the 1860s issues, only the 1866-S, No Motto had a smaller run.
Peak branch output and the 1861-O (1856 to 1865)
With the arrows gone, halves were struck in large numbers. New Orleans reached 7,294,000 in 1858. San Francisco's early halves, such as the 1856-S and 1857-S, are scarce in better grades. In 1861 New Orleans struck 2,532,633 halves under three authorities: the United States, the State of Louisiana and the Confederacy. Specialists use die markers to tell which authority struck a given coin. Four halves were also made with a Confederate reverse design.
During the Civil War silver disappeared from eastern circulation. Philadelphia mintages fell to between about 250,000 and 512,000 a year from 1862 to 1865. San Francisco, where coins still passed at face, struck more halves than Philadelphia in most of those years. Worn wartime Philadelphia halves are harder to find than their mintages suggest because many were melted later.
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 holding a shield inscribed LIBERTY and a pole topped with a liberty cap, with 13 stars around her and the date below. The reverse shows an eagle with HALF DOL. below. Arrows beside the date (1853 to 1855 and 1873 to 1874) and rays around the eagle (1853) mark weight changes and IN GOD WE TRUST appears above the eagle from 1866.
Mintage chart
Specifications
| Series | Seated Liberty Half Dollar (1839–1891) |
|---|---|
| Year | 1862 |
| Mint | Philadelphia Mint |
| Mint mark | None |
| Strike type | Circulation strike |
| Mintage | 253,550 |
| Face value | 50¢ |
| Composition | 90% silver, 10% copper |
| Weight | 12.44 grams |
| Diameter | 30.6 mm |
| Edge | Reeded |
| Silver content | 0.3600 troy oz (11.196 g) |
| Designer | Christian Gobrecht |
Other 1862 Seated Liberty Half Dollar issues
| Coin | Mintage | Type | Silver |
|---|---|---|---|
| 1862 Seated Liberty Half Dollar | 253,550 | Circulation strike | 0.3600 oz |
| 1862-S Seated Liberty Half Dollar | 1,352,000 | Circulation strike | 0.3600 oz |
Mintage: United States half dollar mintage figures (Wikipedia, CC BY-SA 4.0), compiled from US Mint records and the Guide Book of United States Coins. How we build these pages.