Introduction
The 1862 Gold Princess, a part of the Indian Princess Head series, is a stunning and historically significant coin. Graded MS62 by NGC, this piece stands out with its near-perfect luster and exceptional eye appeal, making it a valuable addition to any collection.
Historical Background
Minting History The Indian Princess Head series was first minted in 1854 and continued until 1889. The 1862 edition is particularly notable, struck during the tumultuous Civil War era, adding to its historical significance.
Designer Designed by James B. Longacre, the Indian Princess Head $1 gold coin features a beautiful representation of Liberty in a Native American-inspired headdress, symbolizing the nation’s identity and heritage.
Design and Features
Obverse The obverse of the coin features Liberty wearing a stylized feathered headdress inscribed with “UNITED STATES OF AMERICA.” Longacre’s design captures both the elegance and strength of Liberty, with intricate details that highlight the coin’s artistry.
Reverse The reverse showcases the denomination “1 DOLLAR” within an open wreath of corn, cotton, maple, and tobacco. The wreath symbolizes the agricultural wealth of the nation. The date “1862” is prominently displayed below the denomination.
Mint Mark The absence of a mint mark indicates that this coin was minted in Philadelphia, the primary minting location for most U.S. coins during this period.
Grading and Condition
MS62 Grade An MS62 grade by NGC indicates that the coin is in Uncirculated Mint State condition with minor imperfections. This grade ensures that the coin has not been circulated and retains its original mint luster.
Eye Appeal Despite the MS62 grade, this particular coin exhibits qualities often seen in higher-grade specimens (MS63 or MS64). It boasts a brilliant, perfect luster that enhances its overall aesthetic appeal. The surfaces are clean with minimal marks, giving it an almost pristine appearance.
Luster and Strike The luster of this 1862 Gold Princess is exceptional, providing a radiant and captivating shine. The strike is sharp, ensuring that all design elements are clearly and beautifully defined.
Market Value and Collectibility
Numismatic Value The 1862 Gold Princess in MS62 is a valuable coin in the numismatic market. Its historical context, combined with its high grade and exceptional luster, makes it highly sought after by collectors.
Investment Potential Gold coins, especially those from the 19th century, often hold their value well and can appreciate over time. The superior eye appeal and near-perfect luster of this coin enhance its investment potential, making it a sound addition to any portfolio.
Historical and Artistic Appeal The 1862 Gold Princess represents a significant period in American history and showcases the artistic excellence of James B. Longacre. Its connection to the Civil War era and its beautiful design make it a fascinating piece for collectors and historians alike.
Conclusion
The 1862 Gold Princess graded MS62 by NGC is a remarkable coin, offering both historical significance and stunning beauty. Its perfect luster and superior eye appeal elevate it above many other coins in the same grade. Whether you’re a seasoned collector or a numismatic investor, this coin is a valuable and captivating addition to your collection. Its historical context, artistic design, and investment potential ensure that it will be cherished for years to come.
