1863S Young Head Half Sovereign Wreath Reverse rated AVF/XF40 an Underrated/Undervalued Coin. PCGS Pop/R 1MS/28 lower.(6/26). Dr David Briggs (DB) in his Half Sovereign Book states in over 50 years to 2019 witnessing 2MS/47F15VF,9EF,6AUNC. Over such an extended these numbers would be impacted by churning. DB questions Mintage figures which is supported by the coins limited sightings. UNDERRATED/UNDERVALUED.