1870-S G$1 MS65+ PCGS. CAC....

Click the image to load the highest resolution version.

Sold on Jan 12, 2023 for:

$43,200.00 Bid Source: HA.com/Live bidder

Get one of these:

Share this lot

Track Item Printable Auction Results

Sell One of These

Description

Auction Info

Guides & Info

Description

1870-S Gold Dollar, MS65+
Only One Example Graded Finer
Ex: Simpson-Bender

1870-S G$1 MS65+ PCGS. CAC. Ex: Simpson-Bender. This date-mintmark combination is famous because of the unique three dollar gold piece. Although far from unique, specialists in this series recognize the 1870-S gold dollar as a challenging issue. Dave Bowers points out in A Guide Book of Gold Dollars that despite a reported mintage of 3,000 pieces, "it is likely that 2,000 lacked the S mintmark." Indeed, the first sets of dies sent to the San Francisco Mint for 1870 production inadvertently lacked the mintmark. On May 14, the superintendent of the San Francisco Mint sent a telegram to Philadelphia explaining that 2,000 coins had been struck from those dies and asking whether or not they could be issued. It is not known for certain if those pieces were distributed. Assuming they were, that would leave a net mintage of only 1,000 1870-S gold dollars with the identifying mintmark. It may also explain why Augustus G. Heaton called this issue "excessively rare" in his 1893 treatise.

This Plus-graded Gem is one of the finest collectible examples certified. A single coin is graded higher between PCGS and NGC, that being an MS66 PCGS representative. This gorgeous honey-gold example is not far behind. Each side features thick mint luster and pinpoint strike detail. The obverse fields are nearly pristine, while a bit of chatter appears in the upper reverse. Population: 6 in 65 (2 in 65+), 1 finer. CAC: 3 in 65, 0 finer (11/22).
Ex: Simpson Collection, Part IV (Heritage, 2/2021), lot 3088; The Bender Family Collection, Part I (Heritage, 8/2022), lot 3835, where it brought $34,800. (Registry values: N7079)

Coin Index Numbers: (NGC ID# 25D7, PCGS# 7570, Greysheet# 8087)

Weight: 1.67 grams

Metal: 90% Gold, 10% Copper

View Certification Details from PCGS