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7608

1858-S $10 AU58 NGC....

2011 August Chicago Signature US Coin & Platinum Night Auction #1158

 
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Auction Ended On: Aug 12, 2011
Item Activity: 6 Internet/mail/phone bidders
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Location: Marriott - Chicago O Hare
8535 W. Higgins Road
Chicago, IL 60631

Description:
Near-Mint 1858-S Ten Dollar
None Certified Finer
1858-S $10 AU58 NGC. While the 1858 has been promoted as a great rarity since the days of B. Max Mehl, that issue is obtainable in Mint State. The 1858-S is not, since none are graded above the AU58 level by either major service. Except for the 1854-S and to a lesser extent the 1856-S, all Motto San Francisco eagles are rare, since Western bankers and traders preferred the greater convenience of the double eagle denomination. From an initial mintage of 11,800 pieces, the PCGS Population Report estimates only "60 to 80 known." The present near-Mint example has bright luster across the borders and within the hair and eagle. The sun-gold surfaces are lightly abraded except for a diagonal mark on the cheek and a second brief mark on the horizontal shield lines. Census: 12 in 58, 0 finer (5/11).(Registry values: N4719) (NGC ID# 263Y, PCGS# 8627)

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