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Lot
3952

1873 $10 Closed 3 XF40 NGC....

2014 July 10 - 13 Summer FUN US Coins Signature Auction - Orlando #1207

 
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Auction Ended On: Jul 10, 2014
Item Activity: 4 Internet/mail/phone bidders
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Location: Orange County Convention Center
9800 International Drive
Orlando, FL 32819
Description:

1873 Closed 3 Liberty Eagle, XF40
Rare Issue, Only 800 Pieces Struck

1873 $10 Closed 3 XF40 NGC. The 1873 Liberty eagle is a rare issue from a minuscule business-strike mintage of just 800 pieces (25 proofs were also struck). All 1873 eagles show a Closed 3 in the date, as they were struck early in the year, before the punch was changed to the Open 3 style. There was no collector interest in large denomination gold coins at the time of issue and no examples were saved for numismatic purposes. One of the earliest auction appearances of the 1873 was in lot 338 of the Charles W. Cowell Collection (B. Max Mehl, 11/1911):

"1873 Fine. Excessively rare. Only 825 reported to have been coined. I can find no record of one ever having been offered at auction sale. Even the Woodin sale, which contained a collection of 172 different Eagles, did not contain a specimen of 1873."



Mehl followed the practice, common at that time, of listing the mintage of proof and business-strike coins together. He also referred to the famous sale of future Secretary of the Treasury William Woodin's gold collection, cataloged by Thomas Elder in March of 1911. The finest known 1873 eagle, an MS60 PCGS coin, was auctioned by Heritage Auctions in lot 6364 of the October 1995 Long Beach Signature for $34,100.

The present coin is lightly worn, with more than half the hairlines above the coronet still intact and IN GOD WE TRUST still completely legible. The surfaces are lightly abraded, with pleasing greenish-gold color and a few traces of original mint luster. Census: 4 in 40, 16 finer (6/14).(Registry values: N4719) (NGC ID# 2654, PCGS# 8666)

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