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Lot
5555

1869 $10 XF45 ANACS....

2009 January Orlando, FL FUN Auction #1121

 
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Auction Ended On: Jan 9, 2009
Item Activity: 8 Internet/mail/phone bidders
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Location:

Orange County Convention Center
North/South Building
9400 Universal Blvd.
Orlando, FL 32819

Description:
Flashy XF45 1869 Low Mintage Eagle
1869 $10 XF45 ANACS. Greenbacks drove gold coins out of circulation shortly after the Civil War began. Because of the high national debt, paper money continued to trade at a discount relative to gold coins. Since ten dollar pieces, like all gold coins, were hoarded and failed to circulate, few were struck, a status that went unchanged until 1878. The 1869 had a low mintage of 1,855 pieces, and because of the high face value, few were set aside. The present moderately abraded example has ample glimpses of flashy luster and retains much of its original detail.(Registry values: N2998) (NGC ID# 264R, PCGS# 8655)

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