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Lot
4740

1859-S $10 AU55 NGC. The early San Francisco Mint issues struck from 1854 through 1866 are all characterized by low mintage...

2007 Long Beach, CA Signature Coin Auction #430

 
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Auction Ended On: Feb 16, 2007
Item Activity: 6 Internet/mail/phone bidders
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Location: Long Beach, CA
Description:
Choice AU 1859-S No Motto Eagle
1859-S $10 AU55 NGC. The early San Francisco Mint issues struck from 1854 through 1866 are all characterized by low mintages and low survival rates. During this 13 year period the entire output of San Francisco Mint eagles amounted to just 316,000 coins, or just 24,000 per year. More than one-third of this total production occurred in 1854, thus the revised average for 1855 to 1866 was a mere 16,000 coins per year. Of course, in 1859 the production of eagles was limited to just 7,000 coins. This piece is a Choice AU example of that mintage with rich green-gold surfaces and nearly full satin luster. Splashes of pale orange toning are evident on each side, and the fields are faintly reflective. Census: 4 in 55, 1 finer (1/07).(Registry values: N4719) (NGC ID# 2643, PCGS# 8630)

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