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Lot
6340

1866-S $10 MOTTO

1995 October Long Beach Signature Sale #144

 
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‡Note: The owner placed a late bid on this unreserved lot and repurchased it, subject to applicable commission.
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Auction Ended On: Oct 6, 1995
Item Activity: 2 Internet/mail/phone bidders
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Location: Long Beach, CA
Description:
First Year of Issue and the Finest Known 1866-S With Motto Eagle
1866-S Motto AU 53 PCGS. An exceptionally rare and valuable eagle. In Akers' auction survey he conducted several years ago this issue was tied with several others for seventh place in rarity according to average grade, and it ranked in the top 25% of the series in overall rarity. While two AU examples were recorded in his survey, it was suspected that these coins would not hold up to today's grading standards as they were sold in 1968 and 1978. And indeed, as recently as three years ago, no AU examples had been certified. Today three AU 50 pieces have been graded (two PCGS and one NGC). This is the finest certified and presumably the finest known. This is a bright orange-gold coin that shows good portions of remaining luster around the devices. The striking details are a bit weak with the peripheral stars showing the least definition. Both sides are extensively abraded, but the most noticeable marks are on the obverse--on Liberty's cheek, above the hair, and in the field in front of the neck. A singular opportunity to acquire the finest known example of this rare and highly respected issue.
Ex: Heck Dodson Collection (Mid-American, 5/92), lot 373. (NGC ID# 264K, PCGS# 8650)

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