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Lot
4445

1870-S G$1 MS64 NGC. CAC....

2013 April 24 - 28 CSNS US Coin Signature Auction - Chicago #1184

 
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Auction Ended On: Apr 25, 2013
Item Activity: 7 Internet/mail/phone bidders
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Location: Renaissance Schaumburg Convention Center Hotel
1551 North Thoreau Drive
Schaumburg, IL 60173

Description:
1870-S Gold Dollar, MS64
Appealing and Underrated
1870-S G$1 MS64 NGC. CAC. "1870-S" is one of those magical dates in U.S. numismatics that can make even the most jaded numismatists take notice. One known 1870-S half dime is unique; an 1870-S three dollar gold is similarly unique; 1870-S Seated dollars are extremely rare, with about 10 known; and most other 1870-S gold coins are rare in high grade save for the double eagle, minted in plentiful quantity. Augustus Heaton wrote in his 1893 treatise on mintmarks that "the San Francisco [gold dollar] issues are seven: 1854, '56, '57, '58, '59, '60, and '70, all being obtainable but the latter, which is excessively rare and the only one of the gold dollar mintmarks which we do not possess."

The 1870-S was the last gold dollar struck at a branch mint and the only one after 1860. Garrett and Guth point out that examples of the 1870-S were bringing upwards of $100 "at the start of the 20th century, when common dates brought less than double face value." This near-Gem shows both the mintmark and the large date prominent in comparison to the design elements. Save for a thin scrape in the right obverse field, neither side shows any singular contact on surfaces that boast a decent strike and excellent eye appeal. Census: 2 in 64, 4 finer (3/13).
From The Fairfax Collection.(Registry values: N4719) (NGC ID# 25D7, PCGS# 7570)

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