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2906

1857-S $10 MS64 PCGS....

2009 February Long Beach, CA Signature US Coin Auction #1122

 
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Auction Ended On: Feb 6, 2009
Item Activity: 11 Internet/mail/phone bidders
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Location:

Long Beach, CA

Description:
Legendary Near-Gem 1857-S Ten Dollar Gold
Ex:
S.S. Central America, One of Two Finest Known
1857-S $10 MS64 PCGS. SSCA 6964. The 1857-S double eagles recovered from the wreck of the S.S. Central America have become well-established as part of the numismatic trade, to the point of becoming the go-to issue for the type collector seeking a Mint State Type One twenty. Less well-known, but arguably just as important to collectors of other series, are the handful of recovered coins in lesser denominations. As with the double eagles, the recovery of fives and tens from the bottom of the Pacific has led to new opportunities to collect No Motto dates in previously unheard-of grades.
This coin is impressively presented. From the moment one opens the lid of the distinctively black box and sees the black cover of the faux-book case, one has a growing sense of anticipation; what is the special coin inside? A flip past the pages, and the coin itself is revealed. Perhaps the eye is drawn to the label of the PCGS holder first, to read "1857-S" and "MS64." One might assume that this piece is a double eagle and think, why the fuss for an MS64 example? Then one looks at the coin and realizes that this is not a twenty dollar gold piece, but a ten, and the perception quickly changes.
This gorgeous survivor comes sharply struck with bold, effusive luster. The surfaces are generally yellow-gold with a distinctive area of amber-orange just above the date; this feature can serve as a pedigree marker to distinguish it from the other MS64 example graded by PCGS, its only equal in the combined certified population (1/09). With only a handful of stray marks on each side that scarcely affect the eye appeal, this is not only one of the best-preserved 1857-S tens available today, but also one of the most beautiful.(Registry values: N1) (NGC ID# 263V, PCGS# 8624)

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