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Lot
3550

1867 $10 MS60 NGC....

2010 August Boston, MA Signature & Platinum Night ANA Coin Auction #1143

 
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Auction Ended On: Aug 11, 2010
Item Activity: 10 Internet/mail/phone bidders
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Location:

Hynes Convention Center
900 Boylston Street
Boston, Massachusetts 02115

Description:
Extremely Rare Mint State 1867 Eagle
1867 $10 MS60 NGC. Between 1862 and 1873, business strike eagles were struck for only one reason, to prevent the small proof mintages from becoming instant rarities. Commercial mintages were invariably meager during this era, which is associated with unbacked Federal paper money trading at a significant discount to specie. With a production of 3,090 pieces, the 1867 would be rare in any event, but the lack of contemporary numismatic interest in such a high gold denomination led to a gradual reduction of survivors in circulation. Third party services have certified examples in grades as low as VG10, and NGC has certified just two pieces as Mint State, both as MS60, one of which is the present coin. It has bold design details, ample luminous pumpkin-gold luster, and a few moderate marks in the fields.(Registry values: N7079) (NGC ID# 264L, PCGS# 8651)

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