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4362

1865-S $10 865 Over Inverted 186 AU50 NGC....

2011 November 8-10 US Coins Signature Auction - Beverly Hills #1161

 
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Auction Ended On: Nov 9, 2011
Item Activity: 7 Internet/mail/phone bidders
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Location: Heritage Auctions - Beverly Hills
9478 West Olympic Blvd., 1st Floor
Beverly Hills, CA 90212

Description:

1865-S 865 Over Inverted 186 Ten, AU50
An Important Die Variety
1865-S $10 865 Over Inverted 186 AU50 NGC. This unusual and highly collectible variety was created when a diesinker inadvertently punched the 186 logotype upside-down and subsequently corrected the error. This variety provides insight into how the Mint economized die production: Not only was a three-digit date punch used to save time -- by punching 186 in one hit, only the final digit had to be added each year -- but the Mint also proceeded to use this die after the diesinker's error rather than discard it. This blundered date is one of the most popular and significant varieties in the Liberty gold series.
Pleasing apricot-gold patina covers the surfaces of this impressive specimen. There is some softness on the high points, as one would expect from the grade. Each side has numerous small abrasions, but none are of singular significance. Traces of luster remain around the periphery. NGC reports just five examples in AU50 and only six pieces finer (9/11).(Registry values: N4719) (NGC ID# 28ED, PCGS# 8643)

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