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Lot
3272

1866-S $5 Motto MS61 NGC....

2008 May Long Beach, CA Signature Auction #1108

 
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Auction Ended On: May 30, 2008
Item Activity: 5 Internet/mail/phone bidders
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Location:

Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA 90802

Lot Viewing:
Room 103B,C (Tuesday Only)
Booth 400 (Wednesday - Saturday)

Auction Room:
Room 103B,C

Description:
MS61 1866-S Motto Five Dollar
Only Certified Mint State Example
1866-S $5 Motto MS61 NGC. This is one of those truly rare San Francisco Mint early gold issues that, if it had a C, CC, or D mintmark, would undoubtedly garner a great deal more attention. At it is, it poses an enticing opportunity for astute numismatists who have developed an understanding for both how rare and underrated some of these early S-mint gold issues are.
While not quite as rare as the 1866-S No Motto half eagle, which is unknown in Mint State, the 1866-S With Motto is merely a great condition rarity--one seldom seen in high grade and extremely rare in Mint State. As most certified examples grade only about VF30, it is clear that most pieces circulated heavily on the West Coast soon after their issue. In MS61, this piece is currently the only Mint State example at either NGC or PCGS! A few moderate contact marks on each side determine the grade, but the lustrous yellow-gold surfaces offer tremendous appeal, with a fair amount of prooflikeness showing under the light field chatter. The strike is decent, and in this rare Mint State grade, the piece would make a fine acquisition for even the most advanced cabinet.(Registry values: P3) (NGC ID# 25W2, PCGS# 8312)

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