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1865 $10 AU58 PCGS. In the mid-1860s, the Philadelphia Mint annually produced only minimal numbers of eagles. Since gold co...

2006 April Atlanta, GA (ANA) Signature Auction #402

 
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Auction Ended On: Apr 7, 2006
Item Activity: 6 Internet/mail/phone bidders
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Location: Atlanta, GA
Description:
Important Near-Mint 1865 Eagle
1865 $10 AU58 PCGS. In the mid-1860s, the Philadelphia Mint annually produced only minimal numbers of eagles. Since gold coins did not circulate except in the far west, and double eagles were preferred for export and reserve purposes, mintages of the remaining gold denominations were limited. The 1865 has a typically minuscule production of 3,980 business strikes, along with just 25 proofs. The 1865 is also noteworthy as the final No Motto Philadelphia issue. Although gold coins did not circulate for more than a decade after the Civil War, most 1865 eagles eventually did enter commerce, since every grade between Fine 12 and AU58 is represented by at least one NGC or PCGS example. Only two pieces have been certified as Mint State, an NGC MS60 and a remarkable PCGS MS63. The present piece, among the finest known, has full peripheral luster and little indication of wear. The strike is a bit soft only on the curls near Liberty's ear, and abrasions, while present, never provide a distraction. Population: 1 in 58, 1 finer (2/06).(Registry values: N4719) (NGC ID# 264F, PCGS# 8641)

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