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4513

1871-S $10 XF45 PCGS....

2010 December Houston Signature US Coin Auction #1147

 
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Auction Ended On: Dec 3, 2010
Item Activity: 6 Internet/mail/phone bidders
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Location: George R. Brown Convention Center
1001 Avenida de las Americas
Houston, TX 77010
Description:
1871-S Ten Dollar, XF45
Only 16,500 Pieces Struck
1871-S $10 XF45 PCGS. Each auction we are reminded of the absolute and conditional scarcity of S-mint gold and silver coins from the 1860s and 1870s. The reason is obvious when one thinks about it. There was a good reason the federal government opened a mint in San Francisco, with the vast amounts of precious metals being mined there was a pressing need to convert the locally mined raw ore into spendable coinage. Coins such as the 1871-S ten dollar slipped into circulation and stayed there. There are apparently no Uncirculated examples known. This Choice XF is well-defined for the issue and grade with noticeably reddish-tinted surfaces. Several unfortunate scratches are seen in the left obverse field.(Registry values: N1793) (NGC ID# 264Y, PCGS# 8662)

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