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Lot
5390

1861-S $10 MS61 NGC. CAC....

2012 August 2-5 US Coins Signature Auction- Philadelphia #1173

 
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Auction Ended On: Aug 3, 2012
Item Activity: 8 Internet/mail/phone bidders
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Location: Sheraton Philadelphia Downtown Hotel
201 North 17th Street
Philadelphia, PA 19103

Description:

1861-S Ten Dollar, MS61
The Only Uncirculated Coin Certified
1861-S $10 MS61 NGC. CAC. Although 15,500 pieces were minted, and AU pieces are encountered from time to time, the 1861-S Liberty eagle is unique in Mint State. This piece is the only Mint State specimen that NGC has certified, and two AU58 coins are the finest that PCGS has examined. Those grading services have put 140 examples in holders over 25 years. Unlike coins produced at the Eastern Mints in 1861, the San Francisco Mint gold coinage actually entered circulation, and most of those that survive today are well worn with an average certified grade of just over XF40.
The old Type One reverse hub appears on the 1861-S eagles, from leftover dies that had been in use since 1858, featuring a Large S mintmark that is taller than either S in STATES on this reverse, an extremely unusual situation on any U.S. coin. That mintmark is centered below the inverted V formed by the branch stem and arrow feather, with its left serif over the right upright of the N in TEN. This early die state piece shows no clash marks, die cracks, or signs of lapping on either side.
A highly appealing specimen, this sharply defined eagle has bold detail throughout; 12 of the 13 stars are sharp, and every detail on the reverse is fully rendered, including the eagle's claws. Myriad marks are evident but they are entirely trivial with no singular marks on either side. The luster is complete and frosty with brilliant yellow surfaces.(Registry values: N7079) (NGC ID# 2648, PCGS# 8634)

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