LOT #4466 |
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1864 $10 MS61 NGC....
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Description
1864 Ten Dollar, MS61
Low-Mintage Civil War Issue
Tied for Finest Certified
1864 $10 MS61 NGC. By 1864, Federal paper money and
Gresham's Law ensured that gold coin would disappear from American
circulation except in the far West. Double eagles were favored by
bankers and exporters, since less counting was required to make
payments. And it made sense to coin gold in San Francisco, where
the branch mint was close to the bullion and distant from
unpredictable wars. These factors combined to make the 1864 ten a
very low mintage issue. Just 3,530 pieces were struck, likely a
token production to prevent speculation over the proof issue. The
coins were little saved. PCGS estimates only 40 to 60 pieces are
known. The present example is unsurpassed at either leading
service. The sharply struck sun-gold surfaces lack bagmarks, and
only delicate hairlines emerge beneath a loupe. Census: 3 in 61, 0
finer (11/19).(Registry values: N7079)Coin Index Numbers: (NGC ID# 264D, PCGS# 8639, Greysheet# 9385)
Weight: 16.72 grams
Metal: 90% Gold, 10% Copper
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Auction Info
2020 January 8 - 12 FUN US Coins Signature Auction - Orlando #1311 (go to Auction Home page)
Auction Dates
January, 2020
8th-12th
Wednesday-Sunday
Bids + Registered Phone Bidders: 20
Lot Tracking Activity: N/A
Page Views: 320
Buyer's Premium per Lot:
20% of the successful bid (minimum $19) per lot.
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