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Lot
3263

1859-S $10 AU55 NGC....

2008 January Orlando, FL (FUN) Signature Coin Auction #454

 
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Auction Ended On: Jan 10, 2008
Item Activity: 6 Internet/mail/phone bidders
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Location:

Orange County Convention Center
North/South Building
9400 Universal Blvd.
Orlando, FL 32819

Lot Viewing, Room 220 D, E, F
Auction, Room 230 B

Description:
Lustrous Choice AU 1859-S Ten Dollar
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, so 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 (12/07).(Registry values: N4719) (NGC ID# 2643, PCGS# 8630)

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