1847-O $10 MS64 PCGS....

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Sold on Feb 6, 2009 for:

$51,750.00 Bid Source: Internet bidder

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Historic Near-Gem 1847-O Ten
Ex: Bass

1847-O $10 MS64 PCGS. Variety Two, Breen-6881, with the "18" in the date repunched to the south. The fact that 571,500 1847-O eagles were struck only bolsters the supply of circulated examples for today's collector. As with all early O-mint gold, the pieces were minted and then placed directly into the channels of commerce. Many were also melted over the years, so few have survived in Mint State condition. In fact, Doug Winter (2006) suggests that only about a dozen 1847-O tens are extant in Uncirculated condition, with just 1,000 survivors in all states of preservation. The NGC and PCGS populations are bloated by resubmissions, but are still low in relative terms. As of (12/08), PCGS has certified a mere nine pieces at the Mint State level, with the finest being three coins that share the MS64 slot.
This piece was lot 626 in Bowers and Merena's November 2000 sale of the Bass Collection. We also had the privilege of offering the other two MS64 specimens in the past. The first coin appeared in our October 1995 Long Beach sale and the latest--the Warren Miller specimen--was sold as part of our February 2005 Long Beach auction, where it realized $48,875--the standing record for the issue.
The example offered here displays extensive reverse die breaks and is in a near-terminal state. Breen considered this variety--one of two for the date--to be scarcer. This warmly lustrous yellow-orange example is well struck for the issue with hints of honey-gold in the fields. Overall eye appeal is excellent. The shallow abrasions at Liberty's neck and to the left of her chin not only account for the grade but also act as pedigree markers.
Ex: Stanley Kesselman to Harry W. Bass, Jr. via private treaty (4/1968); Harry W. Bass, Jr. Collection (Bowers and Merena, 11/2000), lot 626.
From The Grand Lake Collection.(Registry values: N7079)

Coin Index Numbers: (NGC ID# 2632, PCGS# 8598, GSID# 9437)

Metal: 90% Gold, 10% Copper
Weight: 16.72 grams
AGW: 0.53oz
Mintage: 571,500

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