1862 $1 Seated Liberty Silver Dollar NGC Proof 62 Cameo.
Civil War dated proof-struck coin minted as the war was going decidedly in favor of the Confederacy. Our office is located a couple of miles from the site of the Battles of Bull Run, the first one in June 1861 and the second in August 1862 when this coin was minted in Philadelphia just about 160 years ago. Shortly after the start of the American Civil War, a badly-trained and inexperienced Union army attempted to march from Washington D.C. to the Confederate capital of Richmond. They were intercepted beside a stream called Bull Run near the city of Manassas by an equally inexperienced Confederate army. At first the Union forces prevailed, but the arrival of Confederate reinforcements threw the Union soldiers into a panic, and they retreated in disorder back to Washington. Fourteen months later, Union forces were lured into a trap near the same battle site, and again retreated in disorder.
Otherwise silver-tinged surfaces are splashed with iridescent reddish-pink and russet toning here and there at the rims. Fully struck with appreciable field to device contrast that upholds the validity of the CAM designation from PCGS. Demand from type collectors seeking a high grade No Motto Liberty Seated dollar is strong. When combined with the additional demand from series specialists looking for an alternative to a Mint State 1862 silver dollar — which are rare — Proofs of this date are understandably scarce from a market availability standpoint.
