1858-S $5 AU58 NGC....

Description

1858-S Five Dollar, AU58
Underrated Date, Few Are Finer

1858-S $5 AU58 NGC. All Federal gold coin was in demand throughout West Coast commerce upon opening of the San Francisco Mint in 1854. The half eagle amounted to "small change" in a red-hot economy that preferred double eagles. Except for 1856 and 1857, S-mint fives were struck in small quantity and circulated to attrition. Few (if any) pieces were numismatically saved. The 1858-S had a mintage of just 18,600 pieces, and only two Mint State survivors are known today. The balance of 100 or so pieces that exist show some level of circulation. This near-Mint example displays apricot-gold color and some deep-gray accents, with areas of microgranularity and myriad tiny marks. It retains its sharp strike and subtle mint luster at the margins. Census: 11 in 58 (1 in 58+), 1 finer (10/19).(Registry values: P8)

Coin Index Numbers: (NGC ID# 25VA, PCGS# 8279, Greysheet# 9028)

Weight: 8.36 grams

Metal: 90% Gold, 10% Copper

Note for clients in the European Union: This lot is considered by the European Union to be “investment gold”. We believe that it meets the criteria established in Article 344(1), point (2) of Council Directive 2006/112/EC and thus should be exempt from import VAT regardless of the selling price. Any questions or concerns about VAT should be addressed to your accountant or local tax authority.

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