1848 $10 MS64 PCGS. CAC....

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1848 Ten Dollar, MS64
Tied With One Other as Finest at PCGS
Radiant Mint Luster

1848 $10 MS64 PCGS. CAC. The condition rarity of the No Motto eagle type can be well illustrated by the 1848. This issue has a comparatively high mintage of 145,484 pieces but the survival rate is well under 1%, and it is likely that as few as 400-500 examples exist in total. This date is seriously undervalued in properly graded AU58, and it is rare in Uncirculated with fewer than a dozen pieces currently known. Three or so of these grade MS63 and there are just two 1848 tens known in PCGS MS64: this coin (see below for pedigree information) and another -- with CAC approval -- the finer of this pair.

For the entire No Motto type, PCGS has graded 34 coins in MS64 plus another six in MS64+, two in MS65 and three in MS66 (12/19). This speaks volumes about the rarity of this type in high grades. It also says, loud and clear, that the high-end type collector is not likely to find a No Motto Liberty Head eagle in Gem condition since there are just five pieces extant and all of these, to the best of our knowledge, are off the market in tightly-held collections. This is a remarkable near-Gem. The surfaces exude a radiant mint luster that is not often seen on New Orleans gold. Abrasions are infrequent and none are of individual significance. Rich reddish-tinted golden color throughout.
Ex: Simpson / Hall; Regency Auction XIII (Legend, 9/2015), lot 237, where it realized $29,375.
From The Harvey B. Jacobson, Jr. Collection of Liberty Eagles. (Registry values: N7079)

Coin Index Numbers: (NGC ID# 2633, PCGS# 8599, Greysheet# 9368)

Weight: 16.72 grams

Metal: 90% Gold, 10% Copper

View all of [The Harvey B. Jacobson, Jr. Collection of Liberty Eagles ]

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