1862-S Eagle in AU 53--Second Finest Certified1862-S AU 53 PCGS. A very rare coin in any grade, a fact only hinted at by the original mintage of 12,500 pieces. This low mintage coupled with an extremely low survival rate make high grade pieces very elusive. In this case "high grade" means XF. This coin seems to be the second finest known, being bettered only by four coins at the AU 55 level (one PCGS and three NGC). There are apparently no mint state survivors known today. Characteristically weakly struck as an issue, this example is uniformly soft over the highpoints. Rich orange-gold color throughout, there are small portions of mint luster still to be seen surrounding the devices on each side. Lightly abraded, the most noticeable surface flaw is a scrape in the right obverse field out from stars 11 and 12. (NGC ID# 264A, PCGS# 8636)
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